Quick Credit Card Question

[RobbieB]

Morning guys.

I've had a credit card for a couple of years now which I use primarily for holidays and the occasional larger purchase. There about 950 to pay off and I had a thought.

Am I wrong in thinking you can take out a second credit card with 0% interest for a year to pay off the first credit card so I don't have to pay interest?

If so, does anyone have any suggestions on which credit card or of any deals that are on at the moment. (It can't be Barclaycard).

Cheers

[mcflurry]

Assuming your credit record is shiny, no reason why not IMHO.
AFAIK Virgin (MBNA) offer a years interest free, with a ~3% fee.

If you have a Quidco or similar account you may even be paid to open a new account

[Chivs]

Get a 0% interest balance transfer deal. From 'The moneysavingexpert' website at the moment:

The longest 0% period is with sister banks Natwest* and RBS*, which both offer 16 months 0% with a 2.9% fee. To get this deal you must apply online - different, less competitve deals are often offered in branches.