Balance transfer or not?

kickuptheasstime

Help! I need some of your brilliant advice...

I have two CCs:

1. Barclaycard with a balance of £6803 at a standard APR (no idea what it is, but I'm guessing its high!). I have a credit limit of £11860
2. Virgin (MBNA) card with a balance of £7160 also at a standard APR (again, couldn't tell you specifically, but I know its probably 24.9%). I have a credit limit of £13900 available on this card

I have a balance transfer offer on both

• The Barclaycard has 0% offer (1.9% fee) until Aug 2014 (max transfer amount = £5057)
• The Virgin card has an offer of 10.9% (3.5% fee) until 13th Dec 2014 (max transfer amount = £5840)

At the moment, I'm only paying the minimum monthly fee on both cards & clearly getting nowhere.

What should I do?! I'm not sure what to do for the best... any advice is gratefully received...

Bored

You need to find out the exact APRs for the cards in order to figure out what will save you the most money in the long run. You can ring and ask if you don't have the paperwork handy.

Mrs_Cheshire

I would also suggest posting an SOA on here, so people can help you to reduce your outgoings as you don't seem to be getting very far with paying the CC's off.
Use stoozing http://www.stoozing.com/calculator/soa.php you can format to MSE and post it here.