best way to pay credit card

Options
Miccraig1
Miccraig1 Posts: 1 Newbie
in Credit cards
hi i have a really high interest cc with £2500 on it and paying £150 half of which is interest
i have money to pay half of it off should i pay the half and then try and do a balance transfer or do the transfer first then make payment

Comments

  • Nile
    Nile Posts: 14,930 Ambassador
    Name Dropper Photogenic First Anniversary First Post
    Options
    Hi, we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email forumteam@moneysavingexpert.com.

    I’ve moved your thread from the ‘I wanna’ board to the ‘Credit Cards’ board, where it is better suited.

    Regards

    Nile
    I’m a Forum Ambassador and I support the Forum Team on the 'I wanna' and 'In my home' and Health & Beauty'' boards.If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.10 Dec 2007 - Led Zeppelin - I was there. :j :cool2: I wear my 50 (gold/red/white) blood donations pin badge with pride. Give blood, save a life.
  • jimbo26
    jimbo26 Posts: 954 Forumite
    Name Dropper First Post First Anniversary
    Options
    Pay off what you can first then balance transfer, it will reduce the balance transfer fee.
  • onlyfoolsandparking
    onlyfoolsandparking Posts: 1,779 Forumite
    First Anniversary First Post Name Dropper
    Options
    Miccraig1 wrote: »
    hi i have a really high interest cc with £2500 on it and paying £150 half of which is interest
    i have money to pay half of it off should i pay the half and then try and do a balance transfer or do the transfer first then make payment


    Its always better to be paying as little interest as possible on any financial product especially a credit card.


    Are you saying you already have a card with a BT offer OR you are thinking of applying for one to see what credit limit you get?


    A bit more info will be helpful
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 343.2K Banking & Borrowing
  • 250.1K Reduce Debt & Boost Income
  • 449.7K Spending & Discounts
  • 235.3K Work, Benefits & Business
  • 608.1K Mortgages, Homes & Bills
  • 173.1K Life & Family
  • 247.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards