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0% balance transfer question
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kokimizuno
Posts: 11 Forumite
in Credit cards
Hi i wonder if anyone can help, i am looking to make a 0% balance transfer onto my mbna mastercard, this card currently has a £300 balance, my question is, will my payments pay off the 0% first or will it go to the existing debt? thanks.
0
Comments
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Highest rate first.0
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Cheers. So at a rate of 26.6% it would be cheaper paying the £300 off , transfer the £300 back to my account at 5% costing me £15, instead of roughly £60 over the 12 months 0% interest free period.0
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