What is your current credit card balance?

inigma

Just wondered what everyone has on their credit cards.

I have 1 card with £50 outstanding. Will pay that off on pay day next week.

stephane_2

Mind your own business.....

bigadaj

Marmalade?

chattychappy

About £30K, down from a peak of around £60K a few years ago. The total of my limits is about £80K, so I have about £50K available. The balance should be gone within a couple of years.

Most of that is at 0%, some of it is at life of balance 6.9%. I pay APR 35% on foreign cash advances, but only for a a few days maximum. Purchases I keep separate and pay off in full.

I maintain a spreadsheet of monthly balances and interest/fees paid. Overall I'm currently paying an annual rate of about 4.3% for this credit. (That includes BT fees factored in.)

RootA

We have total over ten grand in CC balances. We keep swapping it around to try and get 0%, but its stressful. We may have to default in the end. Our income is going down and cost of living is going up. There is no way we can pay it all off. I fear we are not alone. But for now they will keep lending us and my wife keeps spending.

Mr_K

They are all zero at the end of each month - pay off full amount by DD each month. You're just giving money away otherwise, much cheaper to get a loan from a bank if you really need it.

Big fan of cashback cards too, its better that they pay you money, not the other way round.

Hominu

Currently £64 as I had to fill up the car with fuel this morning.

guruchelles

Between my OH and me we have about £12k on cards. Roughly £11k of it is at 0%, spread between three cards with long BT offers. I do know the exact figures, but can't be bothered to pull my spreadsheet up right now.

We're hoping to have the vast majority of that paid off this time next year through increased income and through decreasing our other outgoings.

eta: we're using less than 50% of our available credit, so at least that's one positive.

chattychappy

Mr_K wrote: »

You're just giving money away otherwise, much cheaper to get a loan from a bank if you really need it.

Not necessarily.

charleyroo

£1,302 of big purchases i've made this month (tv, a new ring on holiday) which will all be paid off come payday.

i only use CC when i'm abroad as i have nationwide select 0% commission or when i feel like i could do with some section 75 protection

tiggerbodhi

RootA wrote: »

We have total over ten grand in CC balances. We keep swapping it around to try and get 0%, but its stressful. We may have to default in the end. Our income is going down and cost of living is going up. There is no way we can pay it all off. I fear we are not alone. But for now they will keep lending us and my wife keeps spending.

Have you considered Divorce? if your wife is still spending when you are up to your neck in it could be good option and doesnt affect your credit history:):)