How to switch... Credit Card
The process involves completing an application form either online, or on paper - you will be asked for:
* your current bank details;
* existing credit card and loans;
* existing mortgage (if this is in arrears you may be refused);
* existing savings accounts.
You must be over 18, in receipt of an income (which may be restricted to over a certain level, e.g €16,000 pa) and have a current account.
Credit checks will be carried out with a credit bureau to see if you have outstanding loans or have ever missed payments on them.
Clearing €5,000 debt at 22.8pc at €300 per month takes one year, nine months. Switching to 0pc card for six months takes one year, six months. Saving: €900
POTENTIAL SAVING €900
TOTAL TIME 24 hours