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0% Balance Transfer

edited 30 November -1 at 1:00AM in Credit Cards
3 replies 682 views
mropomropo Forumite
1 posts
edited 30 November -1 at 1:00AM in Credit Cards
Hi,

Apologies if what I'm asking is completely dumb, but I don't know a huge amount about credit cards.

Last year I took out a 0% card with Virgin, of which I used around 5k.
I have under 1 year left to pay this off, but I'm starting to worry a little now.
I could really do with a few more months, so I'm wondering if it's possible to take another 0% card out, with another company, and pay off the Virgin card?

Is this do-able?

Any help would be greatly appreciated.

Thanks!

Replies

  • zx81zx81 Forumite
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    You can do a balance transfer, if you can get an appropriate BT card.
  • reduxredux Forumite
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    But if there's still nearly a year to go it might be slightly early at the moment to do it.

    Maybe look around when there's 2 or 3 months left. You'll have the balance down a bit more by then, and find a better range of offers.
  • I did exactly that. Transferred the balance to another card which actually had a much higher limit than my original. Gave me another 12 months breathing room.


    I would suggest maybe closing the old account if you're likely to get tempted by the available credit to balance transfer to.
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