If you've made purchases since doing the balance transfer then you'll be paying interest on that element as the payments are allocated against the balance transfer part.

In order to see a reduction you'll need to start paying more off than just the minimum each month. Even with 0% you won't reduce the balance much if you keep to the minimums (unless you're stoozing and earning interest on the extra payments you can afford). You need to find more income or reduce your expenditure and get the balance down.

Credits cards aren't designed to be long term credit solutions - they are designed to be carry balances for one or two months maximum and then be paid in full.

Hi there,

It sounds like you are not on the 0% balance transfer.

You should check this, and if you have missed any payments or went over your limit, they are within their rights to end the promotion.

If you made a mistake you could ask that they treat it as such and reintstate the 0%.

HTH

Sparky.

I currently have a virgin credit card with a large balance on it and thought I was getting 0% on balance transfers for 16months, however I pay the minimum payment every month but the interest charged is just less than this, therefore there is nothing being taken off the balance! What can I do or where can I transfer it too so that I see a reduction in my balance every month?