Should I do balance transfer now?

FtbDreaming

I have £3300 on 0% card that ends in July. I have £5000 limit on my halifax card that I was ready to transfer to. The problem is with interest rates increasing the offers seem to be disappearing. 

A few weeks ago the Halifax was offering balance transfers 3.9% apr for 4 years with 3% balance transfer charge. After a week or 2 it went up to 4.9% over 4 years… now those offers have disappeared altogether. 

The only option I have left is 0% for 12 months with 5% fee or the SVR which is 21.9% with 5% fee. 

I was planning on leaving the balance on Fluid until July and taking a low interest to pay less aggressively over the longer period, but now I’m thinking I should just transfer it now whilst a 0% is still available. Even if it’s only 12 months I should be able to pay off a decent amount of it in that time. 

If any of you have any advice whether I hold out until July or do the transfer now before 0% becomes a thing of the past? 

Thanks. 

mcpitman

Habe you looked for a "new" card?

The best offers tend to be new customer offers on balance transfers.

FtbDreaming

I’m a bit reluctant to look for a new card as I’ve taken Out a bit of finance in the last year or so doing up the house and I’ve got almost £10k of unused balances on credit cards so doesn’t seem necessary to open more cards. I will have a look though just to see if there are better offers. Thanks. 

[Deleted User]

Might as well try for a new card, I had plenty of unused credit on cards but existing offers were poor, applied for an M&S one and got a nice limit on a low % fee boosted by £20 cashback