We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Balance Transfer Dilemma

Options

vivaladiva Posts: 2,425 Forumite

15 October 2006 at 3:26PM in Debt-free wannabe

I'm at the end of several low rate balance transfer periods. I am due for an egg anniversary offer in December (if they are still honouring this as I've had the card since 2002). Egg are currently offering 3.9 B/T with a fee. Cap One have just reduced my interest rate to 6.9% and I have about £7000 at 14 ish % with Citibank and another £5000 at 7.9 with them. I can move £1500 to MBNA interest free. Should I move some of the rest now or wait to see what happens with egg, and then juggle again next month. I suspect that the new Cap One rate will only apply to new transactions?!
Any help in sorting out this jigsaw would be much appreciated. Everything was so much simpler before the B/T fees.:mad:

I have plenty of willpower - it's won't power I need.

This discussion has been closed.

★ ★ ★ Meet your Ambassadors

MSE News

Nationwide to pay £100 'Fairer Share' bonus to millions of customers from TODAY – here's who will get the payment
The £100 bonus will be paid to millions of the building society's current account customers who also have savings or a mortgage with it.
Warning: Lloyds, Halifax or Bank of Scotland customer? It could be about to increase your overdraft to 50%
The Lloyds Banking Group, which owns all three brands, says most customers will be charged the same or less under its shake-up – but others will pay more, and some Club Lloyds customers will see their rate nearly double.
Nationwide or Santander mortgage borrower? You've now only got four months to lock in a new rate ahead of your current deal ending
If you're a Nationwide or Santander mortgage borrower you can now only lock in a new rate up to four months ahead of your current deal ending – down from six months. It means you've less time to insure yourself against rates rising before your existing mortgage comes to an end. Fixed mortgage rates have steadily risen this year, though this trend could reverse with a possible base rate cut on the horizon.
Bank of Scotland, Halifax or Lloyds customer? Beware – it could be increasing your overdraft rate
The Lloyds Banking Group, which owns all three brands, says most customers will be charged the same or less under its shake-up – but others will pay more, and some Club Lloyds customers will see their rate nearly double.
Hive admits some users can't connect their electric vehicle chargers to its app – here's what you can do about it
Hive has admitted it's aware of a problem that's seen some customers unable to connect their electric vehicle chargers to the smart home tech provider's app.
How to multi-destination holiday like a MoneySaver
Why settle for one destination when you could see several and save money in the process. I've a reputation (one I'm proud of) at MSE Towers for having lots of holidays. With limited annual leave but an unlimited desire to discover as many countries as possible, I've taken to ticking off multiple destinations in one trip. It's easier, and cheaper, than you may initially think – and I'm hoping this blog will inspire you, if you want to give it a try yourself.
eBay to stop accepting American Express in August – be careful if you're planning to use PayPal as a workaround
You'll still be able to use your Amex on eBay by going through PayPal – but be wary of doing this with large purchases, as you may lose valuable Section 75 protection.
Plusnet Mobile user? Switch to another provider ASAP to avoid losing your number
If you're still using a Plusnet Mobile Sim, you need to switch away as soon as possible – particularly if you want to keep the same phone number – as the provider is closing down this month.
Are you one of 577,000 who've had their Child Benefit delayed? It'll be paid on Wednesday – and if you're out of pocket you can claim
Around 577,000 Child Benefit claimants who didn't receive their monthly or weekly payments on Monday 3 June, will now receive it on the morning of Wednesday 5 June, HMRC has confirmed.

View All

Balance Transfer Dilemma

Categories

Get our FREE Weekly email full of deals & guides - and it’s spam-free