Transferring within cards

freddie0

I have a balance on my card of around the £1000 mark, which varies around this near enough. I am out of interest free period but don't want to change cards at the moment as we are going to re-do our mortgage and don't want to have anything affect our credit score before this is done.

My current card issuer has an offer of transferring a balance to a current account at 1.9% and interest free for 6 months. On a £1000 transfer this would be £19.

At the moment I pay roughly £15 per month interest, which would be £90 over the next 6 months.

I may be wrong, but isn't the card issuer supposed to clear off the higher interest charging amount first - so if I transferred £1000 to a current account, then paid £1000 off my card, could that leave me with a (roughly) £1000 balance interest free for 6 months? (costing just a 1.9% fee)?

Or am I missing something?

MallyGirl

it is called stoozing