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Using 0% credit cards to move debt

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Comments

  • MallyGirl
    MallyGirl Posts: 7,326 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    you won't know the credit limit till you make a full application.
    Have you checked that you can overpay the loan?
    Make sure you have a plan for paying off the balance you have built up on the cards in 25 and bit months' time. Do not rely on getting a BT offer at that time - if you don't then you will have moved that amount of 8.4% interest debt to more like 19%.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • stehouk
    stehouk Posts: 413 Forumite
    Sixth Anniversary 100 Posts
    i don't now if this info is of use to you, i have a halifax account and applied for the 0% balance transfer card via the app using their eligibility checker, it told me my expected limit if i submitted the application,
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