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Should I pay off credit card or transfer to another 0% card?
BHod
Posts: 1 Newbie
in Credit cards
Hello all,
I'm going around in circles with this as I'm not sure what the best option is for me!
Apologies if there is a similar query, I've had a good look and can't find anything similar but if there is then please point me in the right direction!
I have a 0% CC that expires in September this year with a balance of about £2000.
I also have savings in a regular saver that matures on May 16th and I was hoping to pop this into a Stocks & Shares ISA so I have a second set of savings (also saving max amount in Lifetime ISA)
My question is, should I pay off the CC with my savings, or should I get a balance transfer card so I can continue paying around £60 a month while having a second set of savings growing?
Not sure what is the best way to handle it so any advice is appreciated! Fingers crossed I don't sound like too much of a wally :rotfl:
I'm going around in circles with this as I'm not sure what the best option is for me!
Apologies if there is a similar query, I've had a good look and can't find anything similar but if there is then please point me in the right direction!
I have a 0% CC that expires in September this year with a balance of about £2000.
I also have savings in a regular saver that matures on May 16th and I was hoping to pop this into a Stocks & Shares ISA so I have a second set of savings (also saving max amount in Lifetime ISA)
My question is, should I pay off the CC with my savings, or should I get a balance transfer card so I can continue paying around £60 a month while having a second set of savings growing?
Not sure what is the best way to handle it so any advice is appreciated! Fingers crossed I don't sound like too much of a wally :rotfl:
0
Comments
-
£2K is quite a small amount. As long as you have the cash pretty much instantly available if necessary keep it going on 0% as long as you can.0
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Depends how much the fee is to transfer over and whether the interest you're earning on the ISA is more.0
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