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    • Star81
    • By Star81 26th Aug 17, 8:27 PM
    • 5Posts
    • 0Thanks
    Star81
    Your old credit card after transfer
    • #1
    • 26th Aug 17, 8:27 PM
    Your old credit card after transfer 26th Aug 17 at 8:27 PM
    Hello. I'm new to using credit cards but I've needed to get two out in order to solve a one off financial problem. Both cards have long 0% interest free period but I'm worried about what happens when these run out. Once I have found other cards to transfer my balances to what happens to the original cards? Are they finished for good? Can you close them down and applying or them again at a later date? Or can you never apply to them again? Thanks for any advice guys!
Page 1
    • zx81
    • By zx81 26th Aug 17, 8:35 PM
    • 13,144 Posts
    • 13,442 Thanks
    zx81
    • #2
    • 26th Aug 17, 8:35 PM
    • #2
    • 26th Aug 17, 8:35 PM
    Close them or keep them. Your choice.

    You can normally reapply 6-12 months after closure.
    • Star81
    • By Star81 26th Aug 17, 9:06 PM
    • 5 Posts
    • 0 Thanks
    Star81
    • #3
    • 26th Aug 17, 9:06 PM
    • #3
    • 26th Aug 17, 9:06 PM
    Thank you, I wasn't sure how it worked after transferring a balance from them. If you closed the card would you still be offered the same 0% interest free period as the first time you applied? I'm concerned as the best offers I am finding is for only very short 0% interest periods and I'm not what I'd do after these periods are finished
    • zx81
    • By zx81 26th Aug 17, 9:17 PM
    • 13,144 Posts
    • 13,442 Thanks
    zx81
    • #4
    • 26th Aug 17, 9:17 PM
    • #4
    • 26th Aug 17, 9:17 PM
    it depends what offers they have available, and their criteria at the time.
    • Star81
    • By Star81 26th Aug 17, 11:51 PM
    • 5 Posts
    • 0 Thanks
    Star81
    • #5
    • 26th Aug 17, 11:51 PM
    • #5
    • 26th Aug 17, 11:51 PM
    Ok thank you
    • rjwr
    • By rjwr 26th Aug 17, 11:58 PM
    • 281 Posts
    • 185 Thanks
    rjwr
    • #6
    • 26th Aug 17, 11:58 PM
    • #6
    • 26th Aug 17, 11:58 PM
    ive just closed two of mine. good luck
    • nic_c
    • By nic_c 3rd Sep 17, 9:33 AM
    • 899 Posts
    • 544 Thanks
    nic_c
    • #7
    • 3rd Sep 17, 9:33 AM
    • #7
    • 3rd Sep 17, 9:33 AM
    Thank you, I wasn't sure how it worked after transferring a balance from them. If you closed the card would you still be offered the same 0% interest free period as the first time you applied? I'm concerned as the best offers I am finding is for only very short 0% interest periods and I'm not what I'd do after these periods are finished
    Originally posted by Star81
    Often new cards have longer periods than are offered to existing card holders, but not always. I typically get offered 12 month 0% BT plus fee deals on my existing cards, but see new applicants will get offered 3x as long. Of course applying for a new card means a new hard search, etc.That said MBNA did offer me a 36 month 0% plus fee MT, which I took them up on.

    You will get a variety of opinions on here
    • DaleHarries
    • By DaleHarries 3rd Sep 17, 2:26 PM
    • 17 Posts
    • 5 Thanks
    DaleHarries
    • #8
    • 3rd Sep 17, 2:26 PM
    • #8
    • 3rd Sep 17, 2:26 PM
    Hello. I'm new to using credit cards but I've needed to get two out in order to solve a one off financial problem. Both cards have long 0% interest free period but I'm worried about what happens when these run out.
    Originally posted by Star81
    You can usually just BT it to another card and close the old one.

    Try to leave one "long standing card open though. One of the factors on a credit report is length of accounts, so keeping something open with a small limit is a good idea.

    Once I have found other cards to transfer my balances to what happens to the original cards? Are they finished for good? Can you close them down and applying or them again at a later date? Or can you never apply to them again? Thanks for any advice guys!
    Originally posted by Star81
    Many cards, Barclaycard is a great example but MBNA do it too, will offer new 0% deals periodically. I know I get a letter from Barclaycard with their latest 0% deals every month.
    • press79
    • By press79 5th Sep 17, 1:35 PM
    • 1 Posts
    • 0 Thanks
    press79
    • #9
    • 5th Sep 17, 1:35 PM
    • #9
    • 5th Sep 17, 1:35 PM
    Great info! Thanks !!!
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