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Balance Transfer 0% repayment query

Jakdore

Jakdore Posts: 4 Newbie

15 January 2019 at 2:42PM in Credit cards

I just took out a card with a 0% balance transfer offer for only 6 months. The balance I will transfer will not clear the original card so I will be paying two cards a month. I’m being very slow here but I should pay as much as I can on the 0% card and a little over the minimum payment on the other. Am I correct in thinking this?

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Comments

[Deleted User] Posts: 35,242 Forumite

15 January 2019 at 2:45PM

No.

Pay the minimum on the 0% card and as much as you can on the interest bearing card.

Your aim is to reduce the interest you pay.

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Jakdore Posts: 4 Newbie

15 January 2019 at 5:31PM

Sorry having a slow day.

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This discussion has been closed.

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