Balance Transfer question

Managed to get a BOS CC at 0% for 18 months but i'm unsure what to do as the limit on it is significantly lower than my nationwide card.

Do I:

1) BT £1200 to BOS and pay it off super fast then transfer again, or;

2) BT £1200 to BOS and pay minimum payment (1%) and keep firing £150 each month?

I know what I want to do but would appreciate any other views or comments on this.

Thanks in advance
Official DFW nerd no 551 - proud to be dealing with my debts
Debts as of March 2014
Nationwide - £5745, Overdraft - £350,
Debts as of January 2015
Nationwide - £4997, Overdraft - £0:j

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    2). (assuming you mean keep paying £150 off the nationwide account)

    You usually can only do a 0% BT in the first 60days, so probably will find you can't do another transfer when the first has been paid off.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • BlueSD
    BlueSD Posts: 48 Forumite
    I agree with Tixy - go for number 2) as you'll manage to pay more of your Nationwide this way. Don't forget there's a small % BT fee to add to your new card too.

    BlueSD
  • Tixy wrote: »
    You usually can only do a 0% BT in the first 60days, so probably will find you can't do another transfer when the first has been paid off.

    I spoke with BOS last week and asked the girl if I could BT once I had paid this one off and she said I could but that it obviously wouldn't last for 18 months again as the promo period is only for 18months from date of opening the account and that I would be charged the 3% fee each time I did this.

    Thanks for the reply
    Official DFW nerd no 551 - proud to be dealing with my debts
    Debts as of March 2014
    Nationwide - £5745, Overdraft - £350,
    Debts as of January 2015
    Nationwide - £4997, Overdraft - £0:j
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