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How to calculate savings when changing cards
jonnyb1978
Posts: 1,363 Forumite
in Credit cards
Have just been accepted to an interest free (13 months) on balance transfers credit card.
I have a Cap 1 @ 34% APR with £265 remaining balance
Coop @ 16.9 with £850 balance.
I will transfer both of these to my new card and will be interest free for 13 months. How do i calculate ho much i will save through the 0% payments??
I have a Cap 1 @ 34% APR with £265 remaining balance
Coop @ 16.9 with £850 balance.
I will transfer both of these to my new card and will be interest free for 13 months. How do i calculate ho much i will save through the 0% payments??
0
Comments
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A spreadsheet will help for quick calculations and you can save it too for later re-cycling.
I'll have a go tomorrow - nothing installed on this PC at the moment.0
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