Credit Card Question.

Discussion in 'General Chat' started by Vince Noir, Jan 14, 2008.

  1. Vince Noir

    Vince Noir
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    I'm sure it can be done and just want confirmation.
    I have a credit card and owe £400 on it. Problem is the 0% interest has run out so now i will incur 13% interest.
    Now (due to money restrictions) i have only been paying off the minimum payment every month.
    SO............. can i sign up for a new card (with 0% interest for set amount of months) transfer the £400 to the new card, cut the old one up and then pay of the new one with no interest.
     
  2. Sporran

    Sporran
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    pretty much though they do charge you something like a 2-3% transfer fee, depending on the card.
     
  3. jendo

    jendo
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    Yes you can mate but most cards now charge 3% to transfer the balance
     
  4. Vince Noir

    Vince Noir
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    yeah not to bothered about that. I'd rather pay 2-3% then 13%.
    Which works out at £12
    Anybody know of any good deals at the mo !
     
  5. Sporran

    Sporran
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