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Super balance transfers
oscarleo
Posts: 22 Forumite
in Credit cards
I need to pay off a flexi-loan account with Cahoot which are charging me 15.9%, so it seems that getting a credit card with a 0% interest introductory period is the way to go. I have 2k that needs to be paid off. My question is; which cards will allow me to do a 'super balance transfer' of 2k into my Cahoot current account - and then pay off my flexi-loan?
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MBNA family of cards and eggmoney.0
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Which of these companies will charge me the most for transferring the balance?0
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Why punish yourself?Which of these companies will charge me the most for transferring the balance?
It's entirely possible (at the moment) to shift the debt to a 0% card fee-free, by using the 'Egg Money Card Trick' and a card from the top of this table:
www.stoozing.com/0fees.htm
If you prefer a more stable relationship, consider a LOB deal at around 4.9% APR. Read this article:
http://www.moneysavingexpert.com/loans/plastic-loans
...which explains/links to the Egg Money Card Trick.
Finally, if money is tight, be aware that many cards are now charging 3% minimum payments, which may be more than your current loan repayments.0
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