balance transfers

[miss]

im lookin to transfer a small balance to a 0% interest account for 6 or 9 months. ive looked online and been told off different people which they think is the best. But im confused!

Some banks are going to charge a handling fee, some only do 0% on purchases and the balance transfer is just at a lower rate of interest.

Can anyone else give advice? thanks

[rja211077]

i take it you mean a credit card account? you need to think about how you will use the card. if you are just going to put the balance on there and pay it off gradually, you don't need to worry about the rate on purchases. if you're going to be adding to the transferred balance by making purchases on it, then you need one with a low rate (preferably 0%) on purchases. If you don't get a 0% rate on purchases you need to be careful because when you make payments your cheap (0%) debt will be paid off first, leaving your expensive (purchase) debt sat there until you have cleared your balance transfer. See http://www.fool.co.uk/cards/cards.htm for some good deals

[miss]

yeah i mean credit card one. i will not be making purchases..just paying the amount off.

[Hammer]

Halifax have 0% on balance transfers and purchases for 9 months at the mo'

 

http://www.halifax.co.uk/creditcards/one.shtml

[Hammer]

The link goes to the wrong page but if you go to 'Credit Cards' then 'Halifax One Card' you can see the details

 

[FTVS]

Have a look at this site: it is run by independent consumer expert, Martin Lewis, and has a huge section on this very issue. (PS I can't seem to make links work on A'bank lately so apoligies if this one doesn't either)!

 http://www.moneysavingexpert.com