0% credit card advice

purplecar17

I'm hoping you can advise (wasn't sure if this should come under the credit card section or not with it being about hire purchase and credit cards. Apologies if it's in the wrong place).


My partner bought a TV from Currys on a 'buy now pay in 6 months' interest free plan with the idea of paying it off in full before the 6 month period ended. Unfortunately, his work circumstances unexpectedly changed and he wasn't in a position to do this. The balance has since moved onto the standard interest rate (I believe this to be around 25%) and he is making the monthly payments on this plan.


He wants to move the balance onto a 0% credit card but is unsure if it would need to be a '0% on balance transfers' credit card or a '0% on purchases' credit card. Can someone advise what type of card he would need.


Thanks in advance.

Weybridge78

It wouldn't be a balance transfer one. It would either be a 0% on purchases or 0% on money transfers. I don't have any experience of buy now pay later arrangements, therefore am unsure if a credit card to pay the remaining balance will work.

jonesMUFCforever

I would say get a card that has a money transfer option.
Then transfer sufficient funds off the credit card to the bank account - then pay off Currys.

Weybridge78

Agreed. Options will be Barclaycard, Virgin Money, MBNA or Tesco.

Dobbibill

eligibility checker here
https://creditcards.moneysavingexpert.com/?money-transfers&_ga=2.266539022.1273816046.1519928820-1295540533.1519380617

It's never guaranteed though and should only be used as a guideline - some providers have their own checker which would be more accurate.

Ben8282

Have his employment circumstances sorted themselves out now? if he is still unemployed or whatever he is unlikely to get a 0% card (or any card at all for that matter).
A balance transfer card will be of zero use for this purpose.
A purchases card might possibly do if Currys accept payment of the loan by credit card and will process it as a purchase.
Otherwise it will have to be a money transfer card.

enthusiasticsaver

Money transfer card is what you need.