I have £1000 which im going to transfer to another card as 0% ends 31st may. Ive had 2 offers 0% 12 months with 3% fee or 4.9% 36 months 0% fee. Im going to be paying 50-100 off each month. My brain can't do the maths!! Thank you!!
Obviously, the first option means a fee of £30 up front.
Second option, if you pay £50 per month plus interest, then roughly you have an average balance of £500 for 20 months, 500 x 4.9% x 20/12 = £41 in interest (but spread over nearly two years). If you pay £100 per month plus interest, then it's going to be half that, ie £20 or so interest.
So there may not be that much in it. The 3% offer has the downside that you have to pay it off in 12 months to avoid further interest.