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Looking for balance transfer

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  • Thanks George and Zebedee.
  • GeorgeUK
    GeorgeUK Posts: 7,737 Forumite
    Ooooh need clarification here - don't make a beginners mistake.

    You are going to be doing the BT to asda - good
    You will be paying 0% interest on that - good
    Evey month ALL credit cards expect you to make a minimum payment to them. This includes Asda. So you will probably be paying 15 in the first month, then you will be paying 14.55 the next month (as there is no interest being added).

    A 0% card just means 0% interest - it does not mean you don't need to make ANY payments for 9 months. A few people have assumed that and lost the 0% offer. If you miss a payment then it reverts back to a basic card at about 18.9% APR or whatever it is for asda.
    Make sure you get the payments in on time.
    After falling off the gambling wagon (twice): £33,600 (24,000+ 9,600) - Original CC Debt: £7,885.91

    Dad Gift 6k ¦ Savings & Inv Tst: £2,500
    Loan 10k: £0 ¦ Dad 5.5k: £2,270 ¦ LTSB: £0 ¦ RBS: £0 ¦ Virgin £0 ¦ Egg £0

    Total Owed: £2,270 (+6k) 11/08/2011
  • HMmmmmmmm Thanks for increasing my knowledge, its all clear now.

    Thanks.
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