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GE Money
mad
Posts: 259 Forumite
in Credit cards
Are offering a card with 0% on BTs for 12 months (2% fee) and 0% on purchases for 12 months. Here is the link
http://www.gemoney.co.uk/html/
That seems a pretty good deal to me
http://www.gemoney.co.uk/html/
That seems a pretty good deal to me
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Comments
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With a £50 capped BT fee, this is quite possibly the best card to come out for a long time.
It does seem to have a 'keen' scoring criteria though, according to discussion on the stoozing website here.0 -
Surprising for it to have keen scoring criteria. GE are the ones who have storecards at 30% APR.
Rich#145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.0 -
Maybe it's because this one reverts to a low 12.9% APR (typical) at the end of the long introductory period?RichyRich wrote:Surprising for it to have keen scoring criteria. GE are the ones who have storecards at 30% APR.0 -
YorkshireBoy wrote:Maybe it's because this one reverts to a low 12.9% APR (typical) at the end of the long introductory period?
Probably. .#145 Save £12k in 2016 Challenge: £12,062.62/£12,000.00 Beginning Balance: £5,027.78 CHALLENGE MET
#060 Save £12k in 2017 Challenge: £11,03.70/£12,000.00 Beginning Balance: £12,976.79 Shortfall: £996.30:eek:
This is the secret message.0 -
Article: Guardian Money
All the points which come to mind are already covered in the above posted link to stoozing forum. It does indeed appear to line up against Barclaycard on features but can be used for purchases too - to eat up the slightly higher minimum payments. It remains to be seem how the credit limits compare (Barclaycard is restricted to 5K on that rate) and how much harder it is to get one. of course.GE card:......................................Barclaycard:
0% 12 months on BTs.................. 0% for 12 months on BTs
(done in first 60 days)...................(done in first 60 days)
0% 12 months on purchases.........0% 3 months on purchases
2% (£50 capped) fee.....................2.5% (uncapped) fee
Minimum payment 3%..................Minimum payment 2%
How long do you think they will hold open the offer? With luck it will be around for another six months at least to allow anyone interested to time an application......under construction.... COVID is a [discontinued] scam0 -
Would imagine probably less - it is a "too good to be true" offer and so probably only do it for a very short while to get the publicity and then replace it with something more standard.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
i've got barclaycard which is on reduced payments ,could I do a balance transfer to GE money c/card (we already have mortgage with them) but bear in mind Barclaycard are showing 4 mths non-payment on Experian so could hubby do a balance transfer?__________________0
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If the Barclaycard is in your name with late payments, then less likely GE would accept you. So yes get hubby to apply and him to sort BT0
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Just bumping this one back up, because they've increased the BT fee to 2.5% - as of yesterday, Monday 15th May.mad wrote:0% on BTs for 12 months (2% fee)0 -
Yes, but still capped at £50 - so anyone borrowing more than £2500 would be unaffected.YorkshireBoy wrote:Just bumping this one back up, because they've increased the BT fee to 2.5% - as of yesterday, Monday 15th May......under construction.... COVID is a [discontinued] scam0
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