Balance Transfer

Options
Hi
I need to balance transfer the follwing cards :

Virgin Balance £5000 16.6 APR
Tesco Balance £ 3500 16.9 APR
Santander Balance £1900 18.9 APR
Barclaycard Balnce £1600 APR about to 14.9 but currently at 9.9% APR

I have been accepted for a BOS card, credit limit £6500, 3 % transfer.
I can afford to also pay about £500 per month to the outatsnading cards

Which card / cards would you transfer

Comments

  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Options
    I would transfer both Virgin & Barclaycard as those 2 providers seems to have regular offers to current customers if you ever needed to transfer again balance of BOS onto them
  • joewa
    joewa Posts: 358 Forumite
    First Post First Anniversary Combo Breaker
    Options
    I also meant to ask, is it beter to balance transfer two cards with small balances rather that one card with a large balance.
    I also have £1000 to put towards the cards
  • MFWannabe
    MFWannabe Posts: 2,026 Forumite
    First Anniversary First Post Name Dropper Combo Breaker
    Options
    joewa wrote: »
    I also meant to ask, is it beter to balance transfer two cards with small balances rather that one card with a large balance.
    I also have £1000 to put towards the cards

    In that case i would transfer Barclaycard, Tesco and Santander and close those accounts once you've done this. Then you will only have 2 cards to keep on top of.
    31/03/24:  Debt total £12,400/13,192.13
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 343.8K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 235.9K Work, Benefits & Business
  • 609.1K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards