Pay 0% credit card balances off or save in isa

zAndy1

Hi,
   I have about £14k on 2 credit cards that are on 0% deals until mid 2026. I am in a position to pay them off, the min payment is £250pm. Should I put the £14k into an ISA for a year and pay the min payments for the next 12 months or just pay the cards off? 

Should make about £700 interest if I put the money in an ISA for the next 12 months so on the face of it that would seem to be the better option but it does mean I'll have to pay £250pm for the next year (well that will reduce a bit as the balance comes down) but presumably that £700 'free' money is a better option? 

Cheers

eskbanker

It makes far more financial sense to save the money and earn interest on it while waiting to repay the 0% debt, but there's no need to use an ISA specifically unless you're likely to be paying tax on this or other interest?