We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
virgin question
jules68
Posts: 366 Forumite
in Credit cards
Wondered if any of you clever people can help!!
I have just got a virgin credit card with a £2,500 limit on it
I was hoping for more as I have an egg loan at 7.9% apr.I pay £196.84 a month and have 18 months left on it
Should I pay as much as I can off from the virgin credit card and then pay of remaining as soon as i can.Or shall I just do a transfer into my bank/a savings account to accrue interest.Or do nothing as i wouldnt save much anyway, taking into account the 3% charge!!
I can afford the egg loan monthly, but was hoping to save some pennies.....just my luck!!
I have just got a virgin credit card with a £2,500 limit on it
I was hoping for more as I have an egg loan at 7.9% apr.I pay £196.84 a month and have 18 months left on it
Should I pay as much as I can off from the virgin credit card and then pay of remaining as soon as i can.Or shall I just do a transfer into my bank/a savings account to accrue interest.Or do nothing as i wouldnt save much anyway, taking into account the 3% charge!!
I can afford the egg loan monthly, but was hoping to save some pennies.....just my luck!!
0
Comments
-
Have you asked Virgin (MBNA) if they can increase the credit limit to accomodate the loan balance?0
-
not directly no, I did activate the card and say I had that amount but he did not say they would increase it, all he said was that I could transfer into a bank account if I wanted0
-
Being cheeky and bumping it up!!! for any more advice please!!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards