Shift Balance Transfer to 0%

todayisagreatday

I'm wondering if this makes financial sense. We recently returned from holiday and also have had some building work done so needed to buy some expensive items (materials, driveway gates etc). We have around £5k on two different credit cards. We normally pay off in full each month and use credit cards for benefits only.  Affordability isn't an issue (we have fixed rate savings and also £25k in the bank) but over the next month or so we know we are going to pretty much clear the bank of £25k due to builders expenses. 

We are thinking to do the Natwest balance transfer with theit creat card 0% and 0% fee to give us some breathing space over the next few months and surely 0% debt is better than paying off in full and if we get any savings we can plough this into a higher interest savings/ISA rather than paying off the credit card right away and let this stay at 0%?

Am I missing something?

Nasqueron

If you can get the card (lenders only assess debt and income, not savings) and pay it off in full before the end so you don't pay interest then yes you would be correct that plan would work