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Options for existing credit card after balance transfer
sidney44
Posts: 1 Newbie
in Credit cards
I'm thinking about transferring my existing credit card debts (2 cards) to a single lower rate card (probably 15 months 0%) so I can clear them off. Once I transfer the debt, MoneySaving advice is to 'never, ever spend on the new 0% card, put in a drawer and forget it till debt is paid off'. So, i order to spend, my question is ... 'Is one option available to me, that I could continue to use the existing cards - now with zero debt?' Is this possible? Another words, do you get to keep the existing cards or do they get terminated after the balance transfer?
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