Discuss the 'Which balance transfer card is cheapest?' tool

Former_MSE_Alana

Hi folks,

This is the discussion thread for the MSE 'Which balance transfer card is cheapest?' tool.

Which balance transfer card is cheapest?

Please feedback on the tool in here or just discuss it between yourselves!

Thanks,
Alana

Former_MSE_Dan

Hi folks, it would be great to hear what you think of this - should hopefully help with working out the cheapest card now that the 0% deals have gone huge!

Dan

Tobythepig

This tool is useful for people who use one 0% card then leave the debt there.
For me, I've got a debt on a 0% card which is coming to the end, and I'm looking to move it to another 0% card. When that finishes, I'll look to move it again. So typical APRs don't matter to me (much).
I'm more interested in how long the 0% lasts, how much I'll be charged up front, and how much I have to repay pm.
Your 'best' 0% card, Barclaycard Platinum, has a minimum repayment of 2.25% of balance pm. Yes, it'll pay off quicker than my current 1% of balance card, but I simply can't afford it (on £3k, that's £37.50pm which I don't have).
I suppose what I want is %fee/months, somehow taking into account the minimum payment.
Oh, and my current card doesn't allow fixed repayments, only minimum or total. Do these cards?