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  • FIRST POST
    • mropo
    • By mropo 22nd May 19, 10:00 PM
    • 1Posts
    • 0Thanks
    mropo
    0% Balance Transfer
    • #1
    • 22nd May 19, 10:00 PM
    0% Balance Transfer 22nd May 19 at 10:00 PM
    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!
Page 1
    • zx81
    • By zx81 22nd May 19, 10:01 PM
    • 22,424 Posts
    • 24,564 Thanks
    zx81
    • #2
    • 22nd May 19, 10:01 PM
    • #2
    • 22nd May 19, 10:01 PM
    You can do a balance transfer, if you can get an appropriate BT card.
    • redux
    • By redux 22nd May 19, 10:19 PM
    • 19,274 Posts
    • 26,369 Thanks
    redux
    • #3
    • 22nd May 19, 10:19 PM
    • #3
    • 22nd May 19, 10:19 PM
    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.
    • jetaylor97
    • By jetaylor97 23rd May 19, 7:34 PM
    • 5 Posts
    • 0 Thanks
    jetaylor97
    • #4
    • 23rd May 19, 7:34 PM
    • #4
    • 23rd May 19, 7:34 PM
    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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