Little credit card advice

zaphan58

I have a credit card with Marks and Spencer that has nothing to pay off on it. The introductory offers on it finished a long time ago. I need to put a flight on a credit card now and I'm wondering if it's best to put it on the current card and transfer the balance to a new one that offers 0% on balance transfers to avoid paying interest. Or, just apply for a completely new card with 0% on purchases?

Will it harm my credit rating to have more than one card?

YorkshireBoy

zaphan58 wrote: »

...I'm wondering if it's best to put it on the current card and transfer the balance to a new one that offers 0% on balance transfers to avoid paying interest.

You'll almost certainly incur 2 lots of fees...one for the flight booking and another for the BT. Could amount to 5% or more?

Will it harm my credit rating to have more than one card?

Highly unlikely.

zaphan58

Hmm maybe it's best to apply for an entirely new card then and cancel the old one.

MartinSpoon

If you're not in a rush, as it will likely take a few weeks at least to get a new card in your hands, go for the new card with a 0% offer. Virtually all the balance transfer offers include a 2-3% fee to transfer.

zaphan58

Thanks, I ended up going with the Tesco credit card. 0% on purchases for 13 months is more than adequate for what I'll be using it for