which way to go

cazann

I have 3 credit cards 1 Lloyds 3500 limit 5000 which I have closed as interest gone up to 24% and a Tesco card 700 limit 750 also 24% am also living in my overdraft have another card 790 limit 1000 at 0% till November applied for Barclaycard 0% hoping to transfer Tesco card but only been offered 400.should I pay towards Tesco then concentrate on paying it off or pay it towards larger balance on Lloyds

mikey_l

Bit difficult to fully understand what you've written, but general rule is to pay at least the minimum on all cards and use any extra cash to pay the most off the card with the highest rate.

cazann

Sorry first time on here was trying to say have been offered £400 balance transfer should I use it towards card owing £700 or card owing£3500 both at 24%

mikey_l

If they're both at the same interest rate then it doesn't really matter.

Personally I'd use it against the £700 so I could get that card completely clear.

cazann

thank you that was what I was thinking, but wasn't sure .