BT Between two 0% Card

Craig_THW

Typed a big long message but it didnt post.. So Try and Cut it down this time..

Got 2 Cards 0% for the next 9 Months

Natwest one Is Maxed with around 3000
Virgin One Has about 1200 on it but with 4400 Limit..

I Stupidly spent on the Natwest one when i got it.. and get charged around 5.50 a month intrest on it..

My Plan was to BT The Balance of the Natwest card onto the Virgin Card and then Cancel the Natwest Card.. Over the 9 Months 5.50 intrest ammounts to the same as my BT Fee

As Far as i can tell i wont loose or save anything money wise by doing it but i'll be able to cancel one of my cards so one less company to pay back, One less debt as such and One less Direct Debit to factor in.. My Virgin Card's Direct Debit is on an ideal date for me.. the Natwest one is not great..

What we all think?

Snaggles

You could do that, but with 0% cards becoming more scarce, it might also be worth looking at low 'life of balance' cards, because you will pay a small amount of interest, but wont have to keep doing balance transfers and paying bt fees. And you wouldn't have to worry about the possibility that you might not be accepted for any more 0% cards.