When should I transfer my balance from an existing card?

Caiterz

Hi,

I'd like to do a 0% balance transfer so I can pay off debt with 0% interest. 
I have just had my statement through for my current card and am unsure what is the best time to transfer so that everything is paid out in time, if that makes sense.

Many thanks

born_again

1st thing can you get a 0% transfer?

Best time, given you have a ongoing balance would be as soon after a statement is produced to reduce the trailing interest. Then pay that interest off as soon as next statement is produced.
Although timing is not going to make much difference.

Olinda99

with some providers eg Santander you have to wait for the card to arrive in the post, then activate it, before you can BT so factor in that time.

Nasqueron

If you have the card now, and the statement is done, then might as well do the card, wait too long and they might create the DD to take the payment from the card anyway.

If you need the card - as above get on asap as you'll normally need the card activated before any transfer can complete even if you set it up when applying.