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!

Balance Transfers

I have a credit card that has 0% interest at the moment but this runs out in a few months and I have around £2000 left on it. I would like to transfer the balance to a 0% interest credit card but I am unsure whether it is better for my credit score to take out another credit card and transfer the balance and pay no interest whilst paying it off. I have another credit card with a balance of £0. I use this very little and always pay this off in full. I don't have a bad credit history and I am just looking to do whatever is best for my credit rating. Any advice would be very much appreciated. 

Comments

  • Pay no notice to your credit score. No one else will.

    Your aim should be to repay at the lowest possible cost. If a new card achieves that, then go for it.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.1K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.