Credit Card Shuffle

uptheblades

Hi

This is my first post after hearing Martin Lewis on BBC Radio 5 a couple of days ago.

I heard his last few comments regarding a credit card shuffle.

Now, my situation is that I have 3 credit cards and I am only just coming round to paying off more than the minimum payment after finishing university. I heard that I could contact Barclaycard and ask for my interest rate to be changed to 6%? However, my credit rating isn't great, and would Barclaycard allow me to transfer money which would take me over my agreed credit limit?

It all seems very confusing and I would be grateful if someone could spare a couple of minutes and help me out!

Thanks!

Devo

Have a look at this article and then post back if you have anymore questions:

http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1102335753,51771,

Hope that helps... :cool:

uptheblades

Hi thanks for the link.

I am still confused really, with the issue of my credit rating and my credit limits etc.

Is it likely Barclaycard would add to what is around 80% credit limit with the same amount on top of that?

Thanks.