Ramifications of balance transfer to c/card

Pound-Of-Flesh

It is rather alarming that you seem to have done this balance transfer without fully understanding what the "rules" are. You need to be crystal clear to avoid getting into trouble!

Yes it is "really" interest-free for the specified time. They can't promise you something then not honour it.
BUT there are conditions attached - you must NOT miss any payments. So make sure you pay at least the minimum by direct debit every month.

At the end of the 0% period, the debt will go onto their "standard" rate for cash etc. This is usually higher than the rate for purchases. You do NOT want to then be lumbered with paying this interest rate - probably about 20%

Ideally you will pay it off in full before that time.
Otherwise maybe get a loan to pay it off.
Or maybe get another 0% offer from another credit card.

In my experience, some card issuers are pretty generous at repeatedly offering 0% balance transfers. Over the years, Virgin and Barclaycard have offered me several.
I also have a Capital One card that gave me 0% initially (10 yrs ago) but never again since it ended.
So if I ever cancel a card, this will be the first to go.

I would definitely keep your Virgin card to see if they offer you another 0% deal.
In fact you might as well keep all of them (unused) to see which offers you get.

Chrysalis

Yeah I personally think the more unused cards the better. Although I know there is also a reasoning that if too much credit is available it can cause paranoia from credit companies.

If a lender thinks you are desperate they will be more inclined to refuse an application, whilst the exact opposite will grant the best offers.

Having lots of unutilised credit gives the impression of the latter.

But of course you may need to cancel cards so you can come back as a new customer to the same company later to get new customer offers, e.g. right now I have 2 tesco credit cards and the limit is 2 per customer, one is completely unused and is an old 0% balance transfer card where the deal is expired, I plan to get another one of these cards in 2 years but I will need to cancel this card at least 6 months before I make the new application.