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Balance Transfer Or Purchase?
Comments
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What's the interest rate on the Argos card?0
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not huge, i dont know exact numbers but for a £250 balance its £5 interest so roughly 2%0
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That's 2% a month - so more like 24% APR.
But still considerably less than the 39.9% you'll be paying on your new card when the 0% runs out.
When you include the 0% for 3 months, it pretty much balances out. My back of an envelope calculations show that [STRIKE]you are right to pay the new card off first[/STRIKE] you should pay off the Argos card first.0
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