Best 0% card

zoosh

Tixy wrote: »

So you transfer the existing balance to a new card, then keep the old card open for any new purchases you make. Assuming you only make purchases you can afford to pay off the next month then you wouldn't pay any interest. You presumably don't want to run up a bigger credit card balance overall that the one you already have and cannot afford.

Thanks for the advice, I was confusing myself about it all earlier. If I get the Virgin card, I can get rid of my Barclaycard and then just use the Virgin card for the BT and for any purchases.

https://www.euapplyonlinenow.com/UKCCapp/Ctl/link?eid=29E4D408

That will give me 12 months to pay off my debt, and if I dont I can repeat the above process...seem ok to you?

Tixy

Yep, providing its a card that has the same purchase rate 0% period as BT 0% period you could use just the one card.

I would recommend you don't just pay off the minimum each month though. You ideally need to be paying off 1/12 of the balance each month to ensure that your debt will be gone by the end of the 12month period.
Don't bank on being able to get another 0% deal in 12months time, as these are getting harder to get and there are likely to be fewer cheap options in 12months.

zoosh

Tixy wrote: »

Don't bank on being able to get another 0% deal in 12months time, as these are getting harder to get and there are likely to be fewer cheap options in 12months.

Ok thanks, good point

zoosh

Bloody hell, well that was nice and easy!

Thanks for applying for a Virgin Credit Card.

We're delighted to say you're in!

Your new Virgin Card credit limit will be: £****.

Your new card should land on your doormat in the next 7-10 days. Sign it on the back, call us to activate it and Bob's your uncle, you're up and running.

We hope you and your new card have lots of fun.

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