We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
A question for the experts
Options
williamD1964
Posts: 532 Forumite
in Credit cards
Ok, I have just cleared my MBNA Virgin card and cancelled the card completely.
Is it possible re-apply for the same card (with the 15 month 0% interest for 15 months) and if so, how long would I have to wait before I did so.
Is it possible re-apply for the same card (with the 15 month 0% interest for 15 months) and if so, how long would I have to wait before I did so.
0
Comments
-
Do you have written confirmation of closure?
Normal time for being a 'new customer after closure' used to be 6 months for most of the card companies.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0 -
williamD1964 wrote: »Ok, I have just cleared my MBNA Virgin card and cancelled the card completely.
Is it possible re-apply for the same card (with the 15 month 0% interest for 15 months) and if so, how long would I have to wait before I did so.
As above it is usually 6 months but MBNA let you have more than one account so simply apply for a different card that offers a similar deal
2010 - year of the troll
Niddy - Over & Out :wave:
0 -
...and then, once accepted, ask to move the bulk* of the limit across from Virgin to the new MBNA card.never-in-doubt wrote: »MBNA let you have more than one account so simply apply for a different card that offers a similar deal
I always thought it was a 12 month wait for exactly the same MBNA run card, ie Virgin. Maybe it's changed these days, but rather than risk it, or take the word of a CSA for it, I'd probably go for one of their 13 month Platinum cards and bide my time for another Virgin Money application.
* Leaving £500 or so on the old card doubles your chances of promotions in future since you'll have two active cards.0 -
I thought MBNA (and all the other cards, refused to alllow "in House" balance transfers...0
-
They do, but with MBNA it's possible to get round it with a (usually more expensive) 'money transfer'.williamD1964 wrote: »I thought MBNA (and all the other cards, refused to alllow "in House" balance transfers...0 -
Ok, being totally thick but whats the difference and can you explain it to me please, and tell me the difference in cost...
I am a novice hear but oh so willing to learn.
Oh and thanks for replying people this has been so helpful0 -
Super Balance Transfer (move funds to your bank account, then send payment to clear the other card)..... bus as advised it is a little dearer. 2010 - year of the troll
Niddy - Over & Out :wave:
0 -
what a spledid idea. Thanks people you really know your stuff0
-
A balance transfer is a transfer of credit card debt to MBNA. A money transfer is a transfer of overdraft debt (either real or ficticious) to MBNA, ie they'll send 0% cash to your current account.williamD1964 wrote: »Ok, being totally thick but whats the difference and can you explain it to me please
The "difference in cost" depends on the particular MBNA (or MBNA run) card. You'll find the details in their respective summary boxes.and tell me the difference in cost...0 -
sorry to be thick (thats the problem with bad genetics) will I be charged at 0% for the balance transfer to my current account? I know I tried a similar thing with NatWest and they said that it would be charged at my normal rate, with no 0%.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards