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Balance transfer - how much?

Dave05
Posts: 35 Forumite

in Credit cards
Hi we have 6k on a credit card and the 0% is ending, we were thinking of getting a 0% transfer card for 14 months (natwest) to shift the debt but wondering is there a limit on how much you can move over and how many times can you shift debt to these cards or is it just a one of move
Thanks in advance
Dave
Thanks in advance
Dave
0
Comments
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You'll have a specified period during which you can make as many transfers as you need, subject to your credit limit (and permissible cards).
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Dave05 said:Hi we have 6k on a credit card and the 0% is ending, we were thinking of getting a 0% transfer card for 14 months (natwest) to shift the debt but wondering is there a limit on how much you can move over and how many times can you shift debt to these cards or is it just a one of move
Thanks in advance
Dave
I would suggest doing a credit check (eligibility checked on the bank site) and see whether you are likely to get it, else use whatever plan (savings for example) you had to pay it off in the event you don't get another cardSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Nasqueron said:Dave05 said:Hi we have 6k on a credit card and the 0% is ending, we were thinking of getting a 0% transfer card for 14 months (natwest) to shift the debt but wondering is there a limit on how much you can move over and how many times can you shift debt to these cards or is it just a one of move
Thanks in advance
Dave
I would suggest doing a credit check (eligibility checked on the bank site) and see whether you are likely to get it, else use whatever plan (savings for example) you had to pay it off in the event you don't get another card2 -
Dave05 said:Hi we have 6k on a credit card and the 0% is ending, we were thinking of getting a 0% transfer card for 14 months (natwest) to shift the debt but wondering is there a limit on how much you can move over and how many times can you shift debt to these cards or is it just a one of move
Transfer will be a high percentage of the total card limit, exact amount depends on the fees (they don't allow you to do a transfer that would go over the limit when the fees are applied)1 -
jefaz07 said:Nasqueron said:Dave05 said:Hi we have 6k on a credit card and the 0% is ending, we were thinking of getting a 0% transfer card for 14 months (natwest) to shift the debt but wondering is there a limit on how much you can move over and how many times can you shift debt to these cards or is it just a one of move
Thanks in advance
Dave
I would suggest doing a credit check (eligibility checked on the bank site) and see whether you are likely to get it, else use whatever plan (savings for example) you had to pay it off in the event you don't get another cardSam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
1
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