Balance Transfer question

headoutthesand

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

Tixy

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.

BlueSD

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

headoutthesand

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