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Credit card transfer and advice
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Leedash
Posts: 441 Forumite
in Credit cards
Hi all,does anyone know the apr on lioydstsb cc's ? I've had one for a while never really paid much attention to it,has around 600 owing on it I'm currently paying 100 month back,would it worth transfering to one new 0% cards to pay off a bit quicker,what the pros and cons
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Comments
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£100 a month should see it paid off in 7 months,apr usually around 16-17%,remember a balance transfer will incur a fee of around 3%0
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Surely, it will say on your statement?My posts are my own opinions based on my experiences and info gathered from sites such as this.
They are not a substitute for professional financial advice - but you knew that already didn't you?
VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!0 -
Most only quote monthly interest rate - not straightforward to work out APR.0
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Either way a 0% will save you money.0
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jonesMUFCforever wrote: »Most only quote monthly interest rate - not straightforward to work out APR.
True - but even if the OP gave us that much info, we could work it out and tell them. Certainly can't speculate on the interest rate the OP has on their card.My posts are my own opinions based on my experiences and info gathered from sites such as this.
They are not a substitute for professional financial advice - but you knew that already didn't you?
VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!0 -
What's the monthly rate printed on the statement?Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
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