0% rate about to expire, sould I payoff first or apply for new card now?

Tesco_points_addict

Sorry for long title!!
My first attempt at stoozing is about to expire, should i pay it off and then apply for a new card (currently egg) or should I apply for a new card now and pay it straight off the egg rather than pay directly from my bank?
Sorry for the waffling
TPA x

CannyJock

Tesco_points_addict wrote: »

Sorry for long title!!
My first attempt at stoozing is about to expire, should i pay it off and then apply for a new card (currently egg) or should I apply for a new card now and pay it straight off the egg rather than pay directly from my bank?
Sorry for the waffling
TPA x

If you think you're eligible for another 0% card then apply for it and add it to your stooze pot.

If your introductory offer is about to expire then clear the balance to avoid paying interest, from your stooze pot if necessary.

Getting a new card approved, received, activated and funds transferred can take a couple of weeks, meanwhile your "old offer" is likely to expire.

If you clear the balance on your existing card, it'll take up to 2 months to appear on your credit reports as nil balance, but will still show as "available credit" unless you cancel the card.

And you shouldn't cancel the card until you've at least spoken to their retention department for a repeat offer, and if they make you an offer you can easily refuse, then cancel the card.

Hopefully you can rearrange those snippets into a meaningful answer

Timing a new application so that the funds leave your "new" card to clear your "old" card on exactly the last day of your introductory offer requires more logistical planning than I'd ever attempt. I'd always pay from stoozed funds, much easier to predict to maximise your interest.

Tesco_points_addict

Thank you for that, much appreciated
TPAx