0% Credit Card
Discussion
Hi All,
I have a credit card with balance of X, wife has one with 1/2 X. Both effectively coming to the end of the 0% promotional period. Both card with different banks.
We are wanting to roll the dept over for another 30 odd months 0%, whilst also adding a few more thousand to it, to fund part of a house refurb.
Is it best we pay off both cards in full (which we can) and then take out 1 (or 2 if we need) to cover the total level of funding we need?
Conscious that if we apply for another card as we currently stand, presumably the bank takes into account current levels of debt, as well as current lending amount offered.
I welcome your thoughts.
Dan
I have a credit card with balance of X, wife has one with 1/2 X. Both effectively coming to the end of the 0% promotional period. Both card with different banks.
We are wanting to roll the dept over for another 30 odd months 0%, whilst also adding a few more thousand to it, to fund part of a house refurb.
Is it best we pay off both cards in full (which we can) and then take out 1 (or 2 if we need) to cover the total level of funding we need?
Conscious that if we apply for another card as we currently stand, presumably the bank takes into account current levels of debt, as well as current lending amount offered.
I welcome your thoughts.
Dan
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