We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Luuurve virgin!!

mogwai
mogwai Posts: 1,252 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
Their credit card that is! It seems they have renewed a 0% interest free period, to run til August 08.

I have a balance of £2952 on it, currently at 12.9%. The BT fee is going to be £88.56, if I pay this amount off with my savings, and transfer it back to make it 0%.

I dont really know how the APR thing works, does anyone know how much interest I would be paying on £2952 for 11months? Bearing in mind I am currently paying £85pm.

Thanks for any help!
We got rid of the kids. The cat was allergic. ;)

Debt at LBM (Sep 07): £13,500. Current debt: [STRIKE]£680[/STRIKE] [STRIKE]£480[/STRIKE] [STRIKE]£560[/STRIKE] [STRIKE]£13[/STRIKE] £0 overdraft :D
Current aims - to start building up savings
1st £1000 in 100 days - £1178.03 :D 2nd £1053.38/£1000 :D 3rd £863.59/£1000 :o
:j

Comments

  • mogwai
    mogwai Posts: 1,252 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hmm, just checked this out, and it seems the interest would be £349?? (not bearing in mind the repayments) Is that right? (seems high!, and in this case the BT fee would still make the transfer worth it?)
    We got rid of the kids. The cat was allergic. ;)

    Debt at LBM (Sep 07): £13,500. Current debt: [STRIKE]£680[/STRIKE] [STRIKE]£480[/STRIKE] [STRIKE]£560[/STRIKE] [STRIKE]£13[/STRIKE] £0 overdraft :D
    Current aims - to start building up savings
    1st £1000 in 100 days - £1178.03 :D 2nd £1053.38/£1000 :D 3rd £863.59/£1000 :o
    :j
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.