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  • FIRST POST
    • anelson
    • By anelson 5th Dec 17, 3:49 PM
    • 1Posts
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    anelson
    Which to pay off first??
    • #1
    • 5th Dec 17, 3:49 PM
    Which to pay off first?? 5th Dec 17 at 3:49 PM
    Hi

    I currently have 2 credit cards, 1 with a 30 month 0% balance transfer term and the other with an 18 month 0% balance transfer term. My question which one should I focus on first and allocate the most money too each month?

    Any advice would be gratefully received
    Thanks
Page 1
    • zx81
    • By zx81 5th Dec 17, 3:51 PM
    • 16,856 Posts
    • 17,873 Thanks
    zx81
    • #2
    • 5th Dec 17, 3:51 PM
    • #2
    • 5th Dec 17, 3:51 PM
    The one that expires first, unless there was a soaring chasm between the go to rates on each.
    • Anthorn
    • By Anthorn 5th Dec 17, 9:00 PM
    • 3,591 Posts
    • 925 Thanks
    Anthorn
    • #3
    • 5th Dec 17, 9:00 PM
    • #3
    • 5th Dec 17, 9:00 PM
    In contrast to MSE I will always go for the one which can be paid off the quickest because the benefit seen in overall spending will be realised quicker. So if both cards were taken out at the same time the 18 month one.
    • jamesperrett
    • By jamesperrett 5th Dec 17, 9:05 PM
    • 798 Posts
    • 433 Thanks
    jamesperrett
    • #4
    • 5th Dec 17, 9:05 PM
    • #4
    • 5th Dec 17, 9:05 PM
    If you can be disciplined put the money in a high interest regular savings account each month and only pay off the credit card when the 0% period is about to run out. Of course, you will still have to pay the minimum payment on the cards but you could end up with some decent extra interest as the best regular savings accounts pay up to 5%.
    • Dobbibill
    • By Dobbibill 5th Dec 17, 11:37 PM
    • 3,071 Posts
    • 3,994 Thanks
    Dobbibill
    • #5
    • 5th Dec 17, 11:37 PM
    • #5
    • 5th Dec 17, 11:37 PM
    What dates do their offers end?

    What APR do they revert to when the promo rate ends?
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