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9.9. 6mths balance transfer -Chrome

edited 30 November -1 at 12:00AM in Credit Cards
3 replies 786 views
DandytfDandytf Forumite
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edited 30 November -1 at 12:00AM in Credit Cards
Only called Vanquis today as iPhone won't accept my card as contactless, got it cleared up as was advised Vanquis aren;t supporting Apple Pay though my card itself can be used as contactless .
Interesting existing customer balance transfer offer.
9.9. Apr 6 mths -I could transfer from multiple cards if required.
Then revert to 29. Apr with my existing balance.
As I have purchase balance, is it honestly worth attempting transferring a few hundred from one or two cards for upto 6 mths.
I'll need to review payment allocation info .
sc dmp 2012 13k Dec 2019 11140 paid 80% approx.-Next Update Early Jan 2021
Mid 2018 Help2save 50 uk pounds per month-New Rules 2020
Mid 2019/20-Virgin Money e-saver 14.
H.L. Active -Charter Savings .65% 50 u.k. pounds.

Replies

  • zx81zx81 Forumite
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    It's unlikely to be worth it at that rate and term unless you're in a desperate financial state.
  • binaryuniversebinaryuniverse Forumite
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    Is that with or without a fee?

    With a fee, I wouldn't bother. Not for 6 months. Without a fee I'd consider it. Mainly so I could clear some other card, I knew had decent existing customer offers on, and could shift back, later on.

    Having purchases on the card already also clouds things a little.

    As always, I'd do the maths, and work out if it's going to save you money or actually cost more, in the long run.
  • DandytfDandytf Forumite
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    Is that with or without a fee?

    With a fee, I wouldn't bother. Not for 6 months. Without a fee I'd consider it. Mainly so I could clear some other card, I knew had decent existing customer offers on, and could shift back, later on.

    Having purchases on the card already also clouds things a little.

    As always, I'd do the maths, and work out if it's going to save you money or actually cost more, in the long run.

    The one question I forgot to ask was fee's
    No balance transfer fees are incurred in chrome card summary box
    I honestly think it would run up more cost in a few months or very soon after.
    As repayments take priority from highest Apr-then the 9.9 wouldn't be much as it would revert to 29 or at least most of it.
    sc dmp 2012 13k Dec 2019 11140 paid 80% approx.-Next Update Early Jan 2021
    Mid 2018 Help2save 50 uk pounds per month-New Rules 2020
    Mid 2019/20-Virgin Money e-saver 14.
    H.L. Active -Charter Savings .65% 50 u.k. pounds.
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