We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Switching Credit Card Balance
Steven_C
Posts: 10 Forumite
in Credit cards
Hello, I have looked into the 3 month holiday payment with my current credit card provider but they don't provide any details on interest rate if I took the option and trying to contact them just now is a nightmare so I was thinking of applying for a credit card that has 0% interest for example 18 months. Does that mean I would have 18 months to pay off the balance if I switched it over from from my current provider?
Hope this makes sense.
Hope this makes sense.
0
Comments
-
It means you would be charged 0% on the declining balance (assuming no additional spend) for 18 months. After that, it would incur interest at your standard rate.0
-
Would that allow me to pay off the balance gradually or need to pay it off in full?Deleted_User said:It means you would be charged 0% on the declining balance (assuming no additional spend) for 18 months. After that, it would incur interest at your standard rate.
Apologies if this seems stupid. Not all clued up when it comes to finances.0 -
You'd need to make at least minimum payments each month.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards