hi, i havnt done a balance transfer before. i currently have £958 on my current credit card, im just want to be 100% i know how it works before i transfer it. when they say 0% on balance transfer for say 10mths, what does that mean exactly??

that i dont pay interest on the balance, by balance will stay at £958 for 10mths, an say if i pay £58 next month, the balance will then be £900? so no interest is put on it for the 10 months?? sorry, im new to this.

many thanks. sorry if i sound dim!! ooh does anyone know best credit card for this?? (im currently with capital one)

thanks. :-)

You are pretty much correct. No interest will be applied to your account as long as you make the minimum payment on time and dont use the card for things that are not included in the interest free period ie cash or perhaps purchases, just depends on the deal you get.

You'd be surprised how many people think interest free for 10 months = no payments for 10 months.