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    • TheShape
    • By TheShape 7th Mar 17, 10:35 PM
    • 1,011Posts
    • 768Thanks
    MBNA Money Transfer Offer
    • #1
    • 7th Mar 17, 10:35 PM
    MBNA Money Transfer Offer 7th Mar 17 at 10:35 PM
    Received an email today from MBNA offering a fee-free money transfer offer at 4.9% for transfers between 01 March and 31 March.

    I just so happens that I applied for a Halifax (£8K credit limit) no-fee, 0% BT card on Friday with the intention of using the MBNA card (5.2K credit limit) as a Mule for a £5k balance transfer (MBNA into credit) and topping it (the Halifax card) up to the limit (95%) with a balance transfer from my other cards which have balances.

    I'm thinking that instead I could complete a money transfer from MBNA followed by an immediate balance transfer to Halifax and repeat a second time to fill the Halifax card. The cost should be minimal as I'll incur the 4.9% for only a few days while the BTs complete.

    I could then apply for another BT card in the near future and use the MBNA as a mule at that point complemented by transferring the remainder of my outstanding balances.

    The MBNA has a zero balance.

    Is/are there anything/pitfalls I've not thought of?
    Last edited by TheShape; 07-03-2017 at 11:38 PM.
Page 5
    • TheShape
    • By TheShape 8th Sep 17, 5:07 PM
    • 1,011 Posts
    • 768 Thanks
    Just had a letter (again) offering fee free BT & MT @ 6.9% for 60 mths. Seem to get one every month now. Pity I am maxed and have not got anywhere to BT some to.
    Originally posted by molerat
    Again?! No further offers for me.

    Applied for a MBNA 0% purchases card. Declined. Reason given - MBNA believed my current Credit Limit £5200 was sufficient based on my income £30100 (wage + investment income).

    Where next? I'm a couple of days from having my Halifax card for 6 mths so may drop in to Halifax or Lloyd's and enquire about the likelihood of getting another card.
    Last edited by TheShape; 08-09-2017 at 5:09 PM.
    • molerat
    • By molerat 14th Sep 17, 3:10 PM
    • 16,987 Posts
    • 11,174 Thanks
    .........................The man from Tesco he say NO and sent me a nice letter about responsible lending and how my credit file shows a large amount of credit card borrowing. .................
    Originally posted by molerat
    But has just seen fit to increase my current card credit limit
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