CreditCards Blog

Had a balance transfer to make as previous 0% rate was running out fast - in haste I took up an offer from my own bank a couple of months ago, but I hadn't noticed that it included a 100 minimum purchase condition. :o So now I've got the transfer fee to pay back and some pence in cash purchase interest to pay each month - not a lot but it's an annoying reminder that I didn't look properly at the agreement. :o :o Just wondering if my credit file will be damaged significantly if I go for another 0% deal this quickly? Not something I've even considered before so informed opinions welcome please.

Even if your rate on purchases is 20% it still under 25 for 12 months. I would be tempted to keep it for now and then apply for another card when the deal is getting close to an end. that way you dont have to worry about additional searches on your credit report and potentially being rejected if you apply for something else.