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Credit Card or ISA
Hartley10
Posts: 30 Forumite
in Credit cards
I have a dilemma albeit a fairly nice one to have. I have £1,200 on a Halifax credit card with 0% interest for 11 more months. I have the money so i could pay it off in full however I am weighing up whether to put the cash in a Cash ISA (Nationwide 2.5% AER inc bonus) and pay off say £100 a month on the card (not from the £1,200 i have now)...views please?
0
Comments
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So, is the dilemma to make ~£27 or not to make?
If so, I don't see any dilemma unless you have plans to top up your cash ISA with full £5760 this year and don't want to lose part of the allowance.
And why pay £100 if the minimum payment is likely to be smaller?0 -
I have a dilemma albeit a fairly nice one to have. I have £1,200 on a Halifax credit card with 0% interest for 11 more months. I have the money so i could pay it off in full however I am weighing up whether to put the cash in a Cash ISA (Nationwide 2.5% AER inc bonus) and pay off say £100 a month on the card (not from the £1,200 i have now)...views please?
Use Nationwide FlexDirect full flexibility and 5% interest paid monthly!0
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