Card Conundrum

Big_Mac_3

Hi all,

Just wanted to see if anyone could give me a little help.

I have a debt on a Barclaycard, currently 19.9%. It's around £6700 at present. I have another Barclaycard with nothing on it but a £5k limit. I've just been given an Asda money card with a £950 limit and 0% for 12 months on BT's with 3% fee.

I'm trying to move my debt around so that it's as cheap as possible for me. I can't move between Barclaycards (thus getting 6.9% for life), so would have to transfer to Asda card, then to second Barclaycard in order to take advantage. This does hold problems in that I can only transfer £4.5k to the second Barclaycard due to limit.

Does anyone know if I can transfer from first Barclaycard to Asda card, then back to first Barclaycard and repeat the process or will the keep transferring the cash that's on a lower rate (i.e. 6.9%) before the standard rate? Hope that makes sense!

Also, does anyone know if this will actually work out cheaper for me when the fees are included in the equation? Overall, once all is said and done, I will be able to pay around £600 a month until the balance is paid.

Thanks everyone!