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balance transfer from mbna to morgan stanley

wendyandchris
wendyandchris Posts: 1 Newbie
in Credit cards
Hi, I've got £4681 owing on my Mbna and have a £4200 limit on my morgan stanley with no debt. They are offering 6.9% balance transfer rate but with a 2.5% fee. Mbna are charging me 12,9%. I 'should' be able to pay off the debt in the next 6 mths but might not manage all of it - should i bother moving - will i save money - i can't work it out. hope you can help.

Comments

  • Clariman
    Clariman Posts: 1,484 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Plug the numbers in here and it will work it out for you.

    Clariman
    Author of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk
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