Credit Card Advice Please

KRB2725

How much of your balance do you have to pay by July & how much by November?

Superscrooge

You are paying a 3.9% fee on whatever you balance transfer to Barclaycard.

So if you do BT to Barclaycard only BT the amount that you cannot pay off during your current 0% deal to keep the fee down.

princesmd

emmatthews wrote: »

How much of your balance do you have to pay by July & how much by November?

Hi there

July Balance Total ~ £3,135
November Balance Total ~ £5,965

As I have said, i am struggling to pay the £750 per month & want to reduce these monthly payments without having to pay interest when the bt ends.

princesmd

grumbler wrote: »

If your balances are £9100 and there are only few months left until 0% ends, is £750 just as much as you can pay?
If so, I think it's worth to transfer the balances to Barclaycard, but not to relax and keep paying more than £366.

EDIT: I missed that some 0% ends in Nov, not Jul. If so, it's possibly better to transfer ~£3K, and keep paying as much as poosible to other cards to clear the balances before Nov.

Hi there

Yes I am struggling to pay £750 per month - and would like to reduce this somehow.

KRB2725

I would work out what you can comfortably pay by July off the 3135 then transfer the remainder. Then work out what you can pay off of the 5965 between Jul & Nov and add the difference on to the amount you are transferring.