should i balance transfer?

ClaretBob

i currently have my balance on Halifax card which the 0% is due to expire at the end of this year, ive just had an offer from Barclaycard (who i have a empty card with) for 16 months 0%..

the kicker is i recently got rejected for a loan with my bank and am worried it'll effect me getting a 0% card when the halifax one runs out, so should i swap now? should i wait and see what offers barclaycard has when i need to swap or just wait and see what happens?

any advice?

SCO

If i was you i would switch just before the barclaycard offer expires.

I have never heard of such a long 0% for existing customers, longest i had was 13 months. Existing customer offers are usually between 6-12 months.

If you switch just before the offer expires you can maximise the current halifax 0% and you wont have to apply for another card and risk not getting it.

lea_t88

I was about to ask the same as the OP. I received a Barclaycard 'offer', I believe I still have to apply etc.

I have never had an account with Barclays or Barclay card and quite frankly don't know how they got my details, but I got an application form for a 1.9% fee balance transfer for 18 months 0% through.

Tempted to transfer but currently not paying interest on my current card so not sure it would be beneficial!

bouncydog1

Work out how much you can afford to pay off the Barclaycard by the end of the year and set up a monthly payment amount to pay this off. Move the balance onto the Halifax 0% a week or so before the offer expires e.g. £5k on Barclaycard can pay £1k - set up payment for £250 per month (Sept to Dec).

Halifax expires end Sept - move £4k to Halifax on 23 Sept. That way you save on the BT fee.