Pay off loan or CC? - not as simple as lowest APR...

Mrs_A_2

Hi.

I'm going to be in a position where I can either pay off a loan or my CC. Both will have around £6,000 on them. At present, the CC is 0% APR but this is due to run out in April / May.

I had intended to balance transfer the CC onto another 0% card, obviously this is still the preferred choice, but I'm wondering whether I'd be accepted whilst I still have the loan and current CC balance.

I had thought about paying the loan off then applying for a balance transfer CC, but then if it is denied I'd be a bit stumped as would then be paying APR and potentially at a higher rate than my loan.

Any advice on the best way to proceed is welcome!

FYI - I earn £38,500 a year, the loan and CC are my only 'debts' aside from the mortgage (which is re-paid at £500 a month - £250 if you split it 50/50 between my husband & I). Not sure you need any other info but if you do just let me know.

Thanks.

Apples2

It would help to know the loan APR and the CC APR once the 0% deal runs out.

Paying off a loan and keeping the CC balance has one benefit, you can't spend on the card.
If you clear the CC balance, you end up with a large available pot of spending, it take real willpower to stop using it.