0% borrowing on cards

stevek54

I have spent on a couple of 0% credit cards and am just paying off the minimum payment each month whilst saving money regularly so that I will have enough to pay off the debt when the 0% credit period is approaching its end. My query is does it matter whether I pay off as soon as possible (and lose any future interest by withdrawing my savings) or wait till the end of the term and pay off the balance then? Is there a right or wrong way to do this?

Ben8282

Make minimum payment + a little bit extra to avoid minimum payment markers.

Pay off the rest at the end of the interest free period.

stevek54

Thanks, Ben. I've never heard of minimum payment markers. I will take your advice.