[quote liltreasuretree]@ImNotShpanishImEgyptshun Thank you for explaining, that makes sense.
Would the p.a fee be charged in 12 months? So if I paid it off in 12 months there would be no fee? Or have I got that totally wrong?
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The first one looks like zero percent interest over 2 years plus a 4.5% fee.
So you transfer your balance, they add a £90 fee and you pay the card off. If you pay them £87 and pence every month for 2 years, the balance will be paid off in full in that time.
The second one looks like 3.9% interest per year for up to 3 years, but no added fee. They'll add interest each month, which will start off at a few quid, but reduce as you pay the balance off. Which is cheaper will depend on how quickly you can pay the balance off.
The second one will probably be cheaper as long as you can pay it off in 1-2 years (CBA to work it out, but however many months interest adds up to £90 - it won't be £90 in a year, because 3.9% is less than 4.5% plus you'll pay less interest as the balance reduces).
So if you're reasonably confident you can pay the whole balance off in about 18 months or less, I'd go for the second option and set up a standing order (or a direct debit if the card allows this) to pay off a fixed amount each month, rather than allowing the minimum payment to be taken, as this will mean you won't have paid much off by the time the offer ends.
You could always look on Monesaving Expert to see if they have any better card offers. You might get 0% with a smaller fee than 4.5%.