0% Transfer Cards

hurricaneangel

Hi forum.

I have 2 cards, both 0% (one ending in October and one in Dec). Is it worth getting a 0% transfer card for 31 months or even 20 months for the one due to expire soonest or wait until nearer October just before the interest kicks in? Thanks in advance.

CliveOfIndia

All things being equal it makes sense to keep the existing cards, make the most of the available 0% deal.  There's little to be gained by "wasting", as it were, 9 or 10 months of free credit.

Of course, there's no guarantee that you'd be accepted for another 0% card, whether you apply now or in October.  So you do need to bear that in mind and make sure you'll be able to clear the card come October, just in case.

Nasqueron

hurricaneangel said:

Hi forum.

I have 2 cards, both 0% (one ending in October and one in Dec). Is it worth getting a 0% transfer card for 31 months or even 20 months for the one due to expire soonest or wait until nearer October just before the interest kicks in? Thanks in advance.

I agree with Clive's warning, however you have plenty of time here, if you had 31 months option you could try one in say June time, and if it fails, try again in October so you have 2 searches 3 months apart and paying off some more of the debt, maybe the 2nd one is more likely to work!