Transfer or pay balance off

onlyfoolsandparking

!!! wrote: »

Because £12k is no small sum of unsecured debt to be owing

It's small to me!


I have over £150k in credit limits available to me and I use about 20-30k at any one time depending on what I am buying etc so that's around 15-20% utilisation,12k on a card at 3.9% for life!!, small to me.


Everyone's different, if a person can't afford to make a payment then £100 on a card is BIG. Fortunately I CAN afford to have 12k on a card I just like interest free and value for money.

gionnetto

onlyfoolsandparking wrote: »

It's small to me!


I have over £150k in credit limits available to me and I use about 20-30k at any one time depending on what I am buying etc so that's around 15-20% utilisation,12k on a card at 3.9% for life!!, small to me.

In fact, it could have been inferred from what you wrote :rotfl: I mean, one doesn't get a 16k+ limit with 3.9% APR unless s/he can definitely afford it.

10-20% utilization/available balance is great! Kudos to you and all your hard work.

onlyfoolsandparking

gionnetto wrote: »

In fact, it could have been inferred from what you wrote :rotfl: I mean, one doesn't get a 16k+ limit with 3.9% APR unless s/he can definitely afford it.

10-20% utilization/available balance is great! Kudos to you and all your hard work.

Yes I can see how it would look from my first post, I would always prefer to have no card debt but I don't like using my own cash and borrowing on a card if done well can work out very cheap and comes with bonus S75 protection.


I don't know if my limit of £16k+ is good or bad, I have a £25k limit on my Halifax card but thanks for the post.