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.
confused about balance transfers
emmalita
Posts: 125 Forumite
in Credit cards
I have £5500 on a NatWest card and £3000 on a barclaycard. Does it make sense to do a B/T from NatWest to Barclaycard 0% for 14 months? Also regarding my minimum payment for the B/T, will it ALL go off the balance and how do I find out what that would be?
0
Comments
-
Probably what fee is the balance transfer charged at?
Waht limits are on the card as this needs to be sufficient normally only up to 90% of limit or so.
Minimum payment will go off the balance but you should have a better plan for clearing it as there is no guarantee you will be able to roll it over next time. Though presumably the fee will be added which will mea. Your balance will initially go up.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 349K Banking & Borrowing
- 252.4K Reduce Debt & Boost Income
- 452.7K Spending & Discounts
- 242K Work, Benefits & Business
- 618.6K Mortgages, Homes & Bills
- 176.1K Life & Family
- 255K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 15.1K Coronavirus Support Boards