Unoffical Existing Customer Balance Transfers
Comments
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£50 from the 1st of November...
Just remember that for a six month balance transfer of £5000 it really means 2% APR on top of whatever they offer you - they are simply getting the cash upfront in the first payment.0 -
It gets worse!!! Just 15 minutes after my posting above, I received a letter from MBNA telling me that for balance transfers and credit card cheques the maximum fee will increase from 1 Nov to £75 !!!£50 from the 1st of November...
I guess too many people have been using their credit card cheques as an intermediate stopping-off-point to get 0% interest cash from other cards!0 -
Looks like Egg will have a boom in new applications.
Martin, I fell a "apply for Egg, its the only real SBT card" article coming on (with your affiliate link of course)...0 -
It gets worse!!! Just 15 minutes after my posting above, I received a letter from MBNA telling me that for balance transfers and credit card cheques the maximum fee will increase from 1 Nov to £75 !!!
I guess too many people have been using their credit card cheques as an intermediate stopping-off-point to get 0% interest cash from other cards!
I have had the same letter this week. I think I will cancel my 3 MBNA cards when my current 2.9% balance transfer runs out and apply for brand new cards instead of just using their "special" offers
Tim0 -
Barclaycard are doing a 2.9% balance transfer rate for existing customers for the life of balance.
Just cleared my Barclaycard today and will transfer my Lloyds card (5.9%) tomorrow.0 -
Got a new MBNA Platinum card about 12 months ago with 0% bal transfer which I used to the full. About 4 weeks ago (2 months after paying off the full balance) they phoned and offered bal transfer at 3.9%, told them that that was no good and I'd like 0%, they came back with 1.9% for 9 months, but with a one-off charge (this is new) of 2% or £35, which I'm now taking full advantage of. They seem to do this on a regular basis.0
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Frizzell - CSMA (Part of the Liverpool Victoria Banking Services Limited) is currently offering me 0% for 6 months on any number of balance transfers I do!!. (Don’t know how long this offer is on for)
I did not need to barter - I was just shopping around.
I have been a cardholder for over 10 years and my credit limit is over £10,000 (Don’t know whether this had anything to do with the offer!!)Charles J0 -
If it's like the Saga offer (same LV group), then it will go on till the end of February and you can use their convenience cheques to deposit into your bank a/c fee-free.
Frizzell - CSMA (Part of the Liverpool Victoria Banking Services Limited) is currently offering me 0% for 6 months on any number of balance transfers I do!!. (Don’t know how long this offer is on for)0 -
:-* :-*
Many Thanks Johnllew!
I will at the end of January 05 or mid Feb 05 pay off the entire balance, and then request a final balance transfer up to my credit limit for a further 6 months!! (6 months o% interest starts from the day of transfer)
This would guarantee me o% up until approximately August 2005 - Not bad eh?Charles J0 -
I have a fist direct gold card with a 15000 limit, the 6 month interest free ended a few months ago so I haven't used it. When I rang to cancel it I was offered a 'transfer' to a black visa giving 6 months 0% and ability to keep my existing limit, useful as I card tart regularly.
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