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2 Credit Cards
mycoe30
Posts: 2 Newbie
in Credit cards
Hi, I currently have 2 credit cards on the go. One which I don't spend on and im just paying off and another which i spend on and pay off. The one which I just pay off is offering me 0% interest on balance transfers until May 2015. Am i better off leaving it as it is? Or I am better off trasferring the second one onto my other one? Thanks
0
Comments
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It depends.
Depends on the interest rate on your other card, the balance and how much you are paying off a month and on the balance transfer fee that the 0% offer has.
If you did work out it would be cheaper and decide to do a balance transfer then you would want to switch the monthly spending/repayments to the newly cleared card so as to not pay interest on your new purchases.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0
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