Credit card & overdraft debt

pappapump

I have gone through the eligibility option. One of the cards is with Halifax.
Up to 32 months 0%, 0.7% fee - 18.9% rep APR.
Please explain this - (0% balance transfer time limit:First 90 days)
Advice please...
Thanks.

[Deleted User]

It means you need to carry out any BTs with the first 90 days of the account being open.

enthusiasticsaver

What are the £22 bank charges for and is that on top of the £70 interest on your overdraft? If so you need to move banks and do not go for a packaged bank account with all the insurances/extras you rarely need and certainly cannot afford.

That credit card is costing you around £2k a year so definitely move it. The deals for 0% are getting shorter but if you can get the Halifax one then that will help. The fee is quite reasonable and as zx81 says you need to BT it within 90 days of opening the credit card. To clear the whole credit card within 32 months you would need to pay around £285 per month. That is doable if you reduce your groceries bill. There are gaps however in your soa and I doubt if you have £153 spare each month. You should also be trying to reduce the overdraft or transferring that to a 0% moneytransfer card.