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Need to confirm im doing the right thing re: balance transfer
Legacy_user
Posts: 0 Newbie
in Credit cards
Hi everyone.
It is coming to the end of 0% on one card (MBNA) I have a more than with a life of balance of approx 4.8%. I darent apply for any more cards as my requests for upped limits and new cards are more and more frequently becoming declined.
I commited the worst sin, I put some stuff on my More than card. Needs had to im afraid or no car
So the situation is this:
MBNA 2293.96 (brought this down from over 4.5K in a year, yay me)
More Than 486.22
So what im thinking is do a transfer from More than to MBNA and then transfer it back to More than, resulting in a transfer and not getting stung with paying interest on the spent bit, and try and get what I cant transfer onto More than paid off as quickly as possible.
Does that make sense, and is it the right thing to do ?
Cheers
13000
It is coming to the end of 0% on one card (MBNA) I have a more than with a life of balance of approx 4.8%. I darent apply for any more cards as my requests for upped limits and new cards are more and more frequently becoming declined.
I commited the worst sin, I put some stuff on my More than card. Needs had to im afraid or no car
So the situation is this:
MBNA 2293.96 (brought this down from over 4.5K in a year, yay me)
More Than 486.22
So what im thinking is do a transfer from More than to MBNA and then transfer it back to More than, resulting in a transfer and not getting stung with paying interest on the spent bit, and try and get what I cant transfer onto More than paid off as quickly as possible.
Does that make sense, and is it the right thing to do ?
Cheers
13000
0
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