Consolidating Credit Cards

mjohnsonuk

Hi all,

I have 2 credit cards with balances of £6200 and £6800 and would like to consolidate the cards into one credit card.

How do I go about applying for one - in the past when I have tried to swap over the cards I only get offered enough for the balance on 1 card so when I transfer the balances I always have to have 2 credit cards

I currently pay over the minimum rate, I pay £160 on each card each month
I really want to get everything in one place on the same rate and then get rid of the other cards (I actually have cut up the existing cards so I cant use them anyway )

I know a Loan would be easier but I would pay them off in 3 years interest free if I swap (I know some credit cards now are offering a 24 month 0% offer)

BugsyBrowne

So you have a 13k debt and want to borrow another 13k that's 26k of debt you will have from how a lender will see it, what's your salary?

another_girl

If in the past you've only been offered X, it's probably unlikely you're going to get offered X x 2 unless your income has changed as BugsyBrown suggests.

If you can only get a 0% deal for one of the cards though, that's still worth doing and then just focus on repaying the higher interest rate one first.