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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Worth using the Virgin balance transfer offer?
ET1976
Posts: 315 Forumite
in Credit cards
Just been reading about the new 16 month 0% BT offer with 1.5% fee from Virgin.
I've currently got a balance of just over £2000, which I can pay off, but at the expense of my normal ISA contributions for a couple of months.
Is it worth me opening a Virgin card and sacrificing the £30-odd fee in order to put the money in my 3.3% ISA, or am I just exposing myself to having too much credit available for a trivial amount of money?
Thanks!
I've currently got a balance of just over £2000, which I can pay off, but at the expense of my normal ISA contributions for a couple of months.
Is it worth me opening a Virgin card and sacrificing the £30-odd fee in order to put the money in my 3.3% ISA, or am I just exposing myself to having too much credit available for a trivial amount of money?
Thanks!
0
Comments
-
Plugged the numbers you gave into the calculator at http://www.stoozing.com at it suggests that over 16 months you'd be up £51.
It's up to you to decide if that's worth it!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.8K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.8K Work, Benefits & Business
- 603.4K Mortgages, Homes & Bills
- 178.2K Life & Family
- 260.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards