need a 0 percent card

MARKBLACK

Hi I have a credit card with yorkshire bank - the interest is starting to build - I pay as much as I can - I need a card with 0 percent interest for a while - I am wanting to transfer my balance over on to this card. what is my best option???

MB

Gromitt

Have you tried http://www.moneysavingexpert.com/credit-cards/balance-transfer-credit-cards ?

chattychappy

MARKBLACK wrote: »

the interest is starting to build - I pay as much as I can

If interest is going up each month, that is probably because interest + spend is greater than what you are paying off. Will eliminating the interest mean you go in the other direction?

Of course if you are paying interest, a 0% card avoids this. But it won't be much help if you still end up with a rising balance.

MARKBLACK

Trying to understand these rates 25 months 0%, 2.9% fee what does this mean?

MB

[Deleted User]

You pay 2.9% of the amount you BT as a fee.
You pay 0% interest for 25 months.
But you make minimum payments or more each month.

MikeR71

Barclays platinum card, 14 months ineterest free.

MARKBLACK

Deleted_User wrote: »

You pay 2.9% of the amount you BT as a fee.
You pay 0% interest for 25 months.
But you make minimum payments or more each month.

So what does that add up to if I was to BT £1000.
I'm really not good at working these things out

MB

[Deleted User]

£29 fee.....

MARKBLACK

So thats a one off fee and the rest of the months are 0% is free ?makes you wonder how they make their money

lvm

They hope you don't pay it off by end of term or miss a payment and revert to standard APR.

Gromitt

Or make the mistake of putting purchases onto the balance transfer card. The amount of people on here who have fallen for that is unbelievable, but I guess they just don't understand the T&Cs.