Moving credit to a new card- will it affect me later?

Vickyh

Hi- I have just moved my balance from Barclaycard, to a new card for 0% for 20 months (Card A- under 2K) I have now just received an email saying my Sainsburys card (a little over 2K) has just come to the end of its promotional period so I need to go shopping again (for card B ) 

I haven't cancelled my Barclaycard yet as i need to make sure no interest has accrued on it - I have only just completed the transfer in the last month. So its possible that i will have 4 cards open. Will this affect me at all? I have never missed any payments to any of my cards and I regularly over pay the minimum amount. Once my statement shows zero I will cancel the card. 

Also I was wondering would it be wise to pay off the card with the lower amount first (Card A), by increasing the amount for card A but lowering the month on card B? Or pay the same amount on both cards?

Any advice would be appreciated. 

Thank you 

[Deleted User]

Four cards isn't very many.  Keep them. Your priority should be to reduce the debt, rather than the number of cards.

Priortise paying the highest rate card. 

Vickyh

All my cards are 0% 

[Deleted User]

Then prioritise the one whose promo rate ends first.

Vickyh

Thank you- I don't want loads of cards, as then there is the temptation to spend.
 My Barclaycard has got a limit of 13K, I am tempted to keep it for the credit allowance.

[Deleted User]

Can you transfer the balance from Sainsbury's to your new card?

Vickyh

No unfortunately- as the amount of credit I was accepted was less than the 2 combined!