Advice please

DGJsaver

Hi

My oh has 2 credit card depts

BOS £1600 minimum payments £20 13.9 i think...
Halifax £1200 minimum payments £16 16.9 i think..

She cant transfer as her credit rating is shot and BOS and Halifax do keep sending BT offers but cant use them as they are the same bank..

I have an EGG card with zero balance £3100 limit and they are offering me 2.9% on BT till Sept 2010 WITH 2.9% FEE (What rate is the fee charged at ??) after that i think my usual rate is 19.9%...

Should i take my oh debts and out them on my EGG card.....?

any help welcome

Cheers

savingmummy

Hi and welcome!
I have no advise as i dont know anything about cc`s.
Would your card be paid off by sept 2010? will your partner be paying it back?
I suppose if you are in a strong relationship and trust all is well then helping her is great BUT you need to ensure she stops getting into cc debt otherwise this will become a viscious circle. Cut the cards up!

Very good of you to do so, if you go ahead!

DGJsaver

Hi
Hvent used the cards in more than 3 years , were getting married in April so relationship pretty strong , and have a child together , i was more meaning , financially what happens figure wise with the transferred balance in Sept onwards....maybe i should have put the thread in credit cards !

Willow_K

If BOS and Halifax are offering BT deals pay them off on your Egg card and then when the 2.9% ends in September BT back to either the Halifax or the BOS card - if they are not offering a BT at the time - call and ask.

Even with the transfer fees you will pay less interest.

DGJsaver

good thinking batman.....what do banks typically charge interest wise on the fee though , any idea ?

Willow_K

Whenever I BT the fee gets included as part of the balance and becomes subject to the same terms (Barclays and MBNA) - I assume its the same with other cards.

WASHER

The BT transfer fee has always been charged the same interest as the balance transfer, either 0% or 2.9%, depending on which card I used.

Could you not get a zero % card and do a balance transfer on to that? Go through Quidco.com and get some cashback too.

WASHER

Santander was offering a 0% card for 12 months, http://www.santandercards.com/csgs/Satellite?canal=CSUKCARDS&cid=1237842170926&empr=WCUKSanCards&leng=en_GB&pagename=WCUKSanCards%2FPage%2FWCCSUKCARDS_Page_TemplateW2&posSel=1

3% bt fee for new customers, 0% for existing customers

DGJsaver

cheers washer , will give it a go

WASHER

Only if you have got a good credit rating, do not apply if not.

DGJsaver

i hear yer