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Balance Transfer Jumble
ApricotPluto
Posts: 69
Forumite
in Credit cards
Hey
I'm sorry if this has already been asked - did a real quick skim but just thought I'd ask.
Tesco CC has a balance of £1700 on it - it is currently at 21% APR (Only a few weeks ago)
Barclaycard has a balance of £3000 on it - 0% until end of September
I have just got an MBNA card for 0% for 18 months for a balance up to £2200.
I receive an email each month from Tesco with a new offer of "0% on balance transfer until July 2021.
Am I right in thinking that I can shift my Tesco CC balance to the MBNA, then the Barclaycard to the Tesco CC I'll be back down to 0% on both cards then?
Hoping that all makes sense. Just really wanted to check before I do it.
Thank you
I'm sorry if this has already been asked - did a real quick skim but just thought I'd ask.
Tesco CC has a balance of £1700 on it - it is currently at 21% APR (Only a few weeks ago)
Barclaycard has a balance of £3000 on it - 0% until end of September
I have just got an MBNA card for 0% for 18 months for a balance up to £2200.
I receive an email each month from Tesco with a new offer of "0% on balance transfer until July 2021.
Am I right in thinking that I can shift my Tesco CC balance to the MBNA, then the Barclaycard to the Tesco CC I'll be back down to 0% on both cards then?
Hoping that all makes sense. Just really wanted to check before I do it.
Thank you
Debt Free Journey
April 2020 - £8180
May 2021 - £1700
Debt free date - August 2021 🙏
April 2020 - £8180
May 2021 - £1700
Debt free date - August 2021 🙏
0
Comments
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Yes.1
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Brilliant! Thank you @Deleted_User Really appreciate your quick reply
Debt Free Journey
April 2020 - £8180
May 2021 - £1700
Debt free date - August 2021 🙏0 -
Yes. Minus any fees that may be involved as well0
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Also remember that you need to get these paid off. Keeping moving a balance and then not making a dent in the balance by continuing to spend.
At some point you will reach the end of the offers and end up having to payback with interest or hit the persistent debt issue.Life in the slow lane1
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