Hi,
I have managed to decrease a substantial credit card debt by switching between 0% interest cards. I am currently coming to the end of 10 months with MBNA credit cards. I can transfer to Bof I clear card for 6 months but I reckon it will take me 10/12 months to clear the debt totally. I would like to avoid moving more than once more if I can.
If I apply for a different MBNA card, e.g. the Liverpool card interest free for 12 months although I currently have a standard MBNA card will I be automatically refused or are they classed as seperate cards with seperate accounts. I can't see anything in it for the banks.
A.
I have managed to decrease a substantial credit card debt by switching between 0% interest cards. I am currently coming to the end of 10 months with MBNA credit cards. I can transfer to Bof I clear card for 6 months but I reckon it will take me 10/12 months to clear the debt totally. I would like to avoid moving more than once more if I can.
If I apply for a different MBNA card, e.g. the Liverpool card interest free for 12 months although I currently have a standard MBNA card will I be automatically refused or are they classed as seperate cards with seperate accounts. I can't see anything in it for the banks.
A.