Newbie question: Best Card for 0% transfer?

BigBlue1970

Hello,

I have to admit that I'm completely useless when it comes to money matters hence coming to this website.
My situation is this...
I have a few credit cards which I'm very good with and pay them off monthly and maybe run up one to two hundred pounds a month if that? However recently I've returned from doing voluntary work abroad and my funds are low, I've recently spent £2,500 on a training course and had to put it on two of my cards,(Mint and NatWest) but I'm wanting to pay as little interest as possible with the longest amount of time to pay it. I'll probably pay off half of it by the end of this month but I'm not sure what my work situation will be when I start my course so I'm wanting the best deal possible.
I see that the site recommends a Capital One card but can someone just explain what the deal would be? Basically what charges/ interest would I have to pay back on £2000 and are there any catches?

Also I read about being a TART! I've got one card that I'd like to keep but as for the others can I just dump them even if I've not had them a year?

Thanks guys and sorry if these questions are posted in the forum somewhere else but like I said I'm not a money minded person!

wayoflife

Hello,

Please see my other responses for more information about this as Im in a bit of a rush.

The best card for you by far for your situation is the & More credit card ny M&S. They are currently offering 4.9% for the life of the balance with NO BALANCE TRANSFER FEE!

Just to put this in perspective it is alot better than the 0% deals, as they are only limited (only up to a maximum of 13 months) and attract up to a 3% balance transfer fee on the entire amount you are transfering (on £2,000 that would be £120.00 straight away)

They are not doing this offer for long (they must be pulling it soon) so I would suggest going and grabbing one now!!!

They are a fair lender I would say, as they gave me a decent credit limit, with relitively no credit history to my name. They are run by HSBC, so thats a bonus as its a reputable company.

There are also alot of benefits with the card when you have paif the balance, which I will mention if you need to! lol

Let me know if Ive been of any help!

wayoflife

BigBlue1970 wrote: »

Hello,

can I just dump them even if I've not had them a year?

There are varied opinions on this, but I think if you arnt using it and it doesnt offer you any long lasting benefits then ditch them. You have no benefits from just keeping them otherwise

Bokkens

BigBlue1970 wrote: »

Hello,

I have to admit that I'm completely useless when it comes to money matters hence coming to this website.

Also I read about being a TART! I've got one card that I'd like to keep but as for the others can I just dump them even if I've not had them a year?

like I said I'm not a money minded person!

DON'T EVEN CONSIDER BEING A CARD TART!
You have answered your own questions with your above statements just take it steady and go for life of balance cards and always pay off more than the minimum.
Good luck.
PS welcome to MSE.