UK credit card or Australian one??

creditcard79

I have relocated to Australia for work, and will be here for the next 4 years. I have a UK credit card which I am currently trying to pay off. I owe about 4500 pounds. It’s a Halifax One credit card.

I would like to know what is best to do… whether to transfer the funds to another UK credit card which has a 0% balance transfer, which might save me money on monthly repayments.

OR whether to transfer the balance to an Australian credit card and pay off the balance this way… bearing in mind that when I transfer money from my Australian bank account to the UK credit card I get charged $30 which is about 15 pounds each time!

HELP would be appreciated please!
design_bunny@hotmail.com

skyrider007

creditcard79 wrote: »

I would like to know what is best to do… whether to transfer the funds to another UK credit card which has a 0% balance transfer, which might save me money on monthly repayments.

Yeah you should do this.

Richard019

It depends what you're getting offered on your Australian credit card. If they're offering you a 0% one as well then that woulld look the cheapest way to do it as you'll reduce the charges for conversion. (I'm assuming your £15 charge is a combination of a % and a standard charge for each transaction)