Help with this calculation....

MissShoes

Hi all,

Thank you for all the replies- just reading through them now. Especially helpful to have the calculations written out- I appreciate the time that took!

This is for a card I already have that has a £0 balance so I get a lot of good offers through and I’m musing through possibly taking this offer for a large purchase.

No debt elsewhere. Would expect to overpay but there’s part of my personal calculations that think £574 would be tight to maintain for 18 months.

I suppose a third option, option C would be take option A and then transfer to another deal elsewhere (I have 3 cards with £0 balances) if I don’t manage to clear the whole balance in 18 months.

In an ideal world- 18 months appeals most.

Thank you all for the time you took replying!

Shoes

TheShape

If you were able to get a new card/cards with a no fee 0% balance transfer offer with a large enough limit/limits you could take Option B paying no fee and transfer the balance to the new card paying either no interest if the transfer is completed quickly or a small amount of interest for the day or two a transfer might take.