Whoops ?

pennywise2

Hoping someone may be able to advise me , i have a 0% card which i used to do a balance transfer on . Trouble is i quiet foolishly spent on this card which i believe is a big no no . So do i need to do another balance transfer to get this all on a new card at 0% before i start getting hit with a high interest rate on my last transactions ???

Many thanks

YorkshireBoy

It might not be worth it, depending on the size of the BT and how long you'll take to clear the balance. Just out of interest...

Which card?
What's the APR (on purchases)?
How much have you spent?

pennywise2

Hi thanks for replying ,
1 mbna platinum
2 not sure of the apr on purchases
3 purchase about £1,000
4 BTabout £17,400

jonesMUFCforever

Your main problem may be getting a card with a high enough limit to clear your existing one.
Potential lenders will be able to see your 'potential' total available credit and may decide that giving you a high limit is too much of a risk.

YorkshireBoy

Once out of the introductory period (3 months?), your purchases will incur around £160 per annum interest.

However, moving the entire balance to another 0% card will likely incur a 3% BT fee - over £550. :eek:

pennywise2

I was thinking of transfering to the mastercard buy and fly card as recommended on this site 2% BT rate and capped at £50 though they maybe wouldnt take on this amount of debt .

Thanks again