Don't use the new card at all until u pay off the full balance transfer. Otherwise you will pay months off interest on new purchases until your transfer is paid. U need to use your old card for new purchases and hide the new card until full transfer is paid.
+ Reply to Thread
Results 11 to 15 of 15
12-07-2013 09:15 #11Senior Member
- Join Date
- Sep 2012
12-07-2013 09:24 #12
Yep, i got rid of all my CC debt doing this. I had a bankwest card at 0% and an ANZ card at 2.9% (i think it was). I paid them off then got rid of the cards and probably saved myself a heap of $$$ in interest repayments.
12-07-2013 09:53 #13
12-07-2013 10:05 #14Why does it lower your credit rating? Is it because it makes you look less desirable from a financial standpoint for needing to take up such a service?
12-07-2013 10:08 #15
By bedlover in forum General ChatReplies: 2Last Post: 29-06-2013, 10:47
By 2BlueBirds in forum Family FinancesReplies: 12Last Post: 04-02-2013, 15:24
By IrishDanceMum in forum General ChatReplies: 7Last Post: 26-12-2012, 20:57
Little Kickers NSWLittle Kickers was launched in 2002 in the UK and arrived Down Under in 2009. Our motto is “Play not Push” and we ...
LATESTWhat is a blessing way? How is it different to a baby shower?7 ways to break the ‘mumnotony’ at homeGuide to government family benefit payments
POPULARWhen can I start giving chores to my children?New baby nursery checklist – a guide to newborn essentialsWhat to pack for labour and hospital – a checklist
FORUMS - chatting now ...
Support group, gay/lesbian planning pregnancySame Sex Parents
IVF babies due June/July/August 2017pregnancy and babies through IVF
Would you breastfeed in public?General Parenting Tips, Advice & Chat
TTC #1 - Conception & Due Date TimingConception & Fertility General Chat
Neighbours 30 years - 2015Movies / Music / Books / TV Chat
3 year old with mouth ulcersGeneral Child Health Issues
Help with baby names please!Choosing Baby Names
A - Z of baby girl namesGames & fun stuff