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!
After Some Transfer Advice Please
southernscouser
Posts: 33,745 Forumite
in Credit cards
I would like to pick the brains of you guys to help me reduce my credit cards if I may?
Egg - £0 and a limit of £8,600.
Capital One - £8,093.97 limit of £10,300 Interest is 3.9% for life of however I transferred roughly £,2000 after the intro period. Life interest last month was £21 other rate was 12.5% with last months interest at £19.59.
Tesco - £5,549.54 (£5,600 limit) 7.9% for life of balance.
Morgan Stanley - £2,484.27 (£2,700 limit) Not sure on APR but last months interest was £12.25.
As I buggered up my Capital One Life Rate do you think it would be worth phoning them and saying that I am going to transfer all to Egg unless they can offer me a better rate (on the money I buggered up) and another £2000 up to my limit from another card, as long as the APR is better??
Does this make sense? Sorry, all these figures hurt!
Egg - £0 and a limit of £8,600.
Capital One - £8,093.97 limit of £10,300 Interest is 3.9% for life of however I transferred roughly £,2000 after the intro period. Life interest last month was £21 other rate was 12.5% with last months interest at £19.59.
Tesco - £5,549.54 (£5,600 limit) 7.9% for life of balance.
Morgan Stanley - £2,484.27 (£2,700 limit) Not sure on APR but last months interest was £12.25.
As I buggered up my Capital One Life Rate do you think it would be worth phoning them and saying that I am going to transfer all to Egg unless they can offer me a better rate (on the money I buggered up) and another £2000 up to my limit from another card, as long as the APR is better??
Does this make sense? Sorry, all these figures hurt!
0
Comments
-
Your going to threaten Cap One that you'll move around £8K from 3.9% LOB & 12.5% to Egg at 15.9%.
A quick fix, while you take stock, might be your Egg anniversary. When is it?0 -
Yeah only threaten but not go through with it if they can't offer me anything!
Egg date was 3 months ago!0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355K Banking & Borrowing
- 254.6K Reduce Debt & Boost Income
- 455.7K Spending & Discounts
- 247.8K Work, Benefits & Business
- 604.9K Mortgages, Homes & Bills
- 178.7K Life & Family
- 262.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards