We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
Help needed with adding to an existing balance transfer
jimbowen_2
Posts: 11 Forumite
in Credit cards
I currently have a balance with barclaycard which is on 0% until June 2014. I have also have a balance which is at 15% with another card and want to move it to a better deal. I have been offered 0% on balance transfers until June 2015 on my existing barclaycard but is this a bad idea.
When the first deal runs out will that balance be trapped by the new deal e.g will the new deal prevent me from transferring the the higher interest rate balance. Am I reading to much into this? Is it a simple case that when the first deal runs out I transfer the amount remaining at the higher interest rate to a new deal. Do your statements make it clear what how much is on each rate?
When the first deal runs out will that balance be trapped by the new deal e.g will the new deal prevent me from transferring the the higher interest rate balance. Am I reading to much into this? Is it a simple case that when the first deal runs out I transfer the amount remaining at the higher interest rate to a new deal. Do your statements make it clear what how much is on each rate?
0
Comments
-
You're making it much more complicated than it is.
Make the BT.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.9K Banking & Borrowing
- 252.3K Reduce Debt & Boost Income
- 452.6K Spending & Discounts
- 241.7K Work, Benefits & Business
- 618.3K Mortgages, Homes & Bills
- 176K Life & Family
- 254.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards