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0% balance transfer list on eligibility calculator
valw
Posts: 3 Newbie
in Credit cards
Hi Everyone
I've gotten into a bit of a pickle with my credit cards and have managed to rack up a bit of debt. I'm paying lots of interest and so am looking to move and consolidate it onto a 0% card. MSE has in this week's email a 30 month Tesco card open for only another few days. I ran the eligibility calculator but this one wasn't included in the results, even though several others that had 0% chance of acceptance were listed. Does this mean that I am unlikely to be able to get the Tesco one, or is it worth me applying anyway? I have a good credit score, but low affordability, but surely reducing my balances instead of just paying interest would improve that? Or is that not a consideration? Thanks in advance.
I've gotten into a bit of a pickle with my credit cards and have managed to rack up a bit of debt. I'm paying lots of interest and so am looking to move and consolidate it onto a 0% card. MSE has in this week's email a 30 month Tesco card open for only another few days. I ran the eligibility calculator but this one wasn't included in the results, even though several others that had 0% chance of acceptance were listed. Does this mean that I am unlikely to be able to get the Tesco one, or is it worth me applying anyway? I have a good credit score, but low affordability, but surely reducing my balances instead of just paying interest would improve that? Or is that not a consideration? Thanks in advance.
0
Comments
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It is not a consideration as they have to assume this is additional credit and not trust you will pay other debt down with it.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.1
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