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MSE news: Virgin launches fee-free 0% balance transfer credit card

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Former_MSE_Guy
Former_MSE_Guy Posts: 1,650 Forumite
I've been Money Tipped! Newshound! Chutzpah Haggler
in Credit cards
This is the discussion thread for the following MSE news story:

"Virgin has launched an interest-free balance transfer credit card with no fee for shifting your debt to it.

The 0% interest period on the Virgin Credit Card lasts for nine months, though you have to apply via price comparison site Moneysupermarket.com ..."
Read the full story:
Virgin launches fee-free 0% balance transfer credit card
OfficialStamp.gif
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Comments

  • Any
    Any Posts: 7,959 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I already have 1 MBNA card...

    I also already applied for 2 new cards this month (and was accepted)...

    Do you think it's even worth trying for this one? 1 of the new cards is for BT, but if I got this one it would be obviously cheaper... Just worried that I could get refused... but I don't really need to apply for any further card.

    Anyone already been succesful?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Any wrote: »
    Anyone already been succesful?
    A good few successes being reported on the Stoozing site...

    http://www.stoozing.com/forum/YaBB.pl?num=1249625749
  • Any
    Any Posts: 7,959 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    YorkshireBoy wrote: »
    A good few successes being reported on the Stoozing site...

    http://www.stoozing.com/forum/YaBB.pl?num=1249625749

    Thank you.
    What do you think about my chances if I already have 2 applications this month?
  • Moggles_2
    Moggles_2 Posts: 6,097 Forumite
    I already have 1 MBNA card..
    If there's a balance on your existing MBNA card, particularly if it's still charged at special promotion rates, you may be turned down or handed a lowish limit.
    People who don't know their rights, don't actually have those rights.
  • crotig
    crotig Posts: 31 Forumite
    Knock back. I have good credit history and supposedly excellent credit score.Homeowner. No applications since February.I do owe large balances on 2 cards from stoozing so I guess this may have counted against me.

    Be wary of applying unless you have a excellent history and little oustanding credit or you may be putting a pointless search on your file. Just my tuppence worth though.

    Oh and they were kind enough to direct me to the Vanquis card. 39.9%:rotfl::rotfl::rotfl::rotfl::rotfl:. Yeah right.
  • ToMoCo
    ToMoCo Posts: 43 Forumite
    How long do you have to wait after cancelling a Virging Card before applying again?
  • BenL
    BenL Posts: 3,189 Forumite
    Its a shame this cannot be used for SBT though. 4% fee on those. Would have come in handy for a payment i need to make in the future - over 60 days away.
    I beep for Robins - Beep Beep
    & Choo Choo for trains!!
  • Trembling_Turnip
    Trembling_Turnip Posts: 147 Forumite
    edited 10 August 2009 at 2:31PM
    Can you add something to that story along the lines of

    "DON'T FORGET TO SET UP A DIRECT DEBIT - IF YOU MISS A PAYMENT YOU WILL LOSE YOUR PROMO RATE!!!!!!"

    Thank you :)
    Proud to be dealing with my debts! :beer:
    egg loan [strike]£10300[/strike] £2400
    student loan [strike]£4500[/strike] ZERO!!!
    MBNA CC £4500
  • NickX
    NickX Posts: 3,046 Forumite
    BenL wrote: »
    Its a shame this cannot be used for SBT though. 4% fee on those. Would have come in handy for a payment i need to make in the future - over 60 days away.

    Have you got Egg Money ? If not apply for that aswell and you can route your SBT through that without a fee.
  • frivolous_fay
    frivolous_fay Posts: 13,302 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker Mortgage-free Glee!
    I've been out of the stoozing game a while (don't like fees!)
    I still have an original egg card which used to be handy for arranging + balances to be transferred into a bank account. Am I right in thinking they charge a fee for this now?

    Is it realistic to hope to transfer money from a BT like this one into a bank account without incurring fees, or am I looking at a slow stooze?
    My TV is broken! :cry:
    Edit: refunded £515 for TV 1.5 years out of warranty - thank you Sale of Goods Act! :j
This discussion has been closed.
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