Creation 0% balance transfer offer

Roland_Sausage

I have a creation card which I took out solely for the 0% balance transfer offer. It will be paid off 2 weeks from now and my intention was to close the account once this final payment had been made.

I also have a Barclaycard platinum with approx £3.5k on it which I am paying off at 0%. The 0% offer ends in October and my plan was to look for a new 0% card in September-ish.

However, today I have received a 0% balance transfer option from Creation. They say the offer expires on 15th April and the fee is 5%. The 0% period is for 12 months and it would take me until May 2014 to pay off the balance, meaning interest in the final month.

I could save myself the hassle of looking round and applying for another card 6 months from now and take up this offer. However by waiting I could get a card with a smaller fee and also a longer interest free period. Of course there is no guarantee I would get another card, but I like to think my credit rating is looking ok at the moment.

So the main point of this is, are Creation likely to repeat this offer if I don't take it up just now? It would save me a bit on the fees, as well as that final month's interest if I could take up the offer 6 months from now. Barclaycard send me the 0% offer every month without fail so I was wondering if Creation are likely to be the same, or if this a never to be repeated offer.

chanz4

they repeat often

Roland_Sausage

chanz4 wrote: »

they repeat often

Thanks, that is good to know. Hopefully they will repeat it as regularly as Barclaycard do and I can transfer the balance in October.

My main concern is that they don't repeat it within the next 6 months, and this card account still sitting open (it has £4.5k limit) prevents me getting another card to transfer the Barclaycard balance to.

chanz4

They do a lot better than bcard, I had the offer via email today