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0% Balance Transfer Offers on Current Cards
lilgreenmomo
Posts: 143 Forumite
in Credit cards
Hi All
I'm wondering if someone can help me with a maths query. I have two credit cards, both of which are currently offering me a 0% on balance transfers for 6 & 9 months respectively with a fees of 3 & 3.5% Is a way to calculate the saving or otherwise by paying the fee and getting the 0% deal against how much interest I'd pay over the same period at the standard APR?
Thanks in advance.
I'm wondering if someone can help me with a maths query. I have two credit cards, both of which are currently offering me a 0% on balance transfers for 6 & 9 months respectively with a fees of 3 & 3.5% Is a way to calculate the saving or otherwise by paying the fee and getting the 0% deal against how much interest I'd pay over the same period at the standard APR?
Thanks in advance.
0
Comments
-
Hi
It can be easily calculated, but you also need to know
- the balances on each card
- the limits on each card
- the standard APR on each card
- the combined amount you will pay off the cards each month for the next 9months.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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