Credit Limit doesn't cover balance transfer
GGNanna
Posts: 1 Newbie
I have a credit card with a large limit. I've applied for a 0% balance transfer credit card, which i have been accepted for, but the credit limit does not cover the amount i want to balance transfer.
Do i apply for a second 0% balance transfer or do i just pay work with the lower limit? I'm worried that i'll now be paying more per month for the 2 cards than what i am paying just now on 1 with interest.
Any suggestions/ advice is greatly appreciated.
Do i apply for a second 0% balance transfer or do i just pay work with the lower limit? I'm worried that i'll now be paying more per month for the 2 cards than what i am paying just now on 1 with interest.
Any suggestions/ advice is greatly appreciated.
0
Comments
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You won't be paying more - how could that be?
BT as much as you can to the 0% card which will bring down the min payment on the interest incurring one. Pay the min to the 0% one and throw everything you have to clear the one not on 0%I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards 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.
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