best deals on credit cards

[jeanette1976]

I'm currently thinking of get a credit card to pay off all my debts. I've heard that Halifax are currently the best at 6.9% interest but I've also heard that some cards are 0%.

If so, is it because they are 0% for 18 months or so and then they hammer you with interest after the period is up?

Does anyone know which credit cards have 0% interest or the cheapest interest rates? I need to borrow about �3,500. Many many thanks in advance. X

[Ethel]

The 0% is usually for 6 or 9 months. Rarely 12 months.

And if you use a credit card to pay off a debt you are USUALLY charged betwen 2 and 3% admin charges - there is usually a maximum of around �75 for each transfer.

If you have �3500 on a credit card the monthly minimum will normally be around �105 per month.

Read this:

http://www.moneysavingexpert.com/creditcards

[matchmade]

I think either MBNA or Capital One are currently advertising 18 months at 0% - I'm sure I saw that on the TV recently. They don't particularly hit you with interest after that, not like a store card does.

[Pomp]

If you have the time and the inclination, you can continue to move your debts around on 0% interest credit cards. If you transfer your debts to MBNA, and they have an 18 month interest free period. If the debts aren't paid off in 18 months, there is nothing to stop you moving it to another credit card.

If you do this be very careful. As the amount you pay the credit card companies, is aplied to your debts in a strict order. You could end up with your debt getting larger if you aren't careful. it may be worth while to get two different credit cards, and sperate your existing debt from your new spending.

Somebody has already suggested to look at www.moneysavingexpert.com, this is a useful website.

[ccproducer]

check this site: http://www.creditcards.org/