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  • FIRST POST
    • creditcardnewbie
    • By creditcardnewbie 13th Jan 18, 9:30 AM
    • 126Posts
    • 20Thanks
    creditcardnewbie
    Tesco and Barclaycard Platinum - Money Transfers?
    • #1
    • 13th Jan 18, 9:30 AM
    Tesco and Barclaycard Platinum - Money Transfers? 13th Jan 18 at 9:30 AM
    Hello to you all,

    I have both a Tesco Clubcard credit card and Barclaycard Platinum credit card - both at £0 balance and I pay my balance in full each month. I have had both cards around 2 years now.

    My question is about the Money Transfers facility they offer. I have phoned both banks today (and in the past) and in my experience they never seem to have offers on this facility.

    I would just like to know in people's experience - do they 'ever' push out offers on Money Transfers or should I maybe look for an alternative card that provides offers on this facility as it is something I am interested in using.

    (I am just a bit wary of applying at the moment as I have applied for a few things recently but will hold off if that is the best move to make).

    Thank you in advance for any advice you can give,

    creditcardnewbie
Page 1
    • liviboy
    • By liviboy 13th Jan 18, 9:32 AM
    • 373 Posts
    • 133 Thanks
    liviboy
    • #2
    • 13th Jan 18, 9:32 AM
    • #2
    • 13th Jan 18, 9:32 AM
    Barclaycard do...but generally you can only transfer online to a Barclays account. If you want to transfer to another bank you need to call them up, so a bit of a faff!
    • zx81
    • By zx81 13th Jan 18, 9:33 AM
    • 14,813 Posts
    • 15,651 Thanks
    zx81
    • #3
    • 13th Jan 18, 9:33 AM
    • #3
    • 13th Jan 18, 9:33 AM
    Apply for a specific money transfer card. MBNA is a good bet, but try an eligibility checker first.
    • chattychappy
    • By chattychappy 13th Jan 18, 9:42 AM
    • 6,529 Posts
    • 3,455 Thanks
    chattychappy
    • #4
    • 13th Jan 18, 9:42 AM
    • #4
    • 13th Jan 18, 9:42 AM
    MBNA are a bit odd these days. They might well do good offers to newcomers, but in recent years their "existing customer offers" I've been getting have been much worse than for other cards I hold. In particular, the fee I get offered for money transfers is usually 4.9% for a 12 month 0% deal.

    I haven't used my MBNA for over a year, except for a single transaction of £35 last January which I paid off in full. They just increased my limit from £19K to £20K.
    • Weybridge78
    • By Weybridge78 13th Jan 18, 9:59 AM
    • 102 Posts
    • 31 Thanks
    Weybridge78
    • #5
    • 13th Jan 18, 9:59 AM
    • #5
    • 13th Jan 18, 9:59 AM
    creditcardnewbie - I also went through about 5 months without a single money transfer offer from Barclaycard. I called them and said I need a MT as opposed to the BT they were offering. They said it depends on the customer's profile. Eventually got one in late December.

    Apply for a specific money transfer card. MBNA is a good bet, but try an eligibility checker first.
    Originally posted by zx81
    Seconded.

    MBNA are a bit odd these days. They might well do good offers to newcomers, but in recent years their "existing customer offers" I've been getting have been much worse than for other cards I hold. In particular, the fee I get offered for money transfers is usually 4.9% for a 12 month 0% deal.
    Originally posted by chattychappy
    Agreed. Their existing customer offers are poor. I have never had a 0% offer for a MT or BT from them. Only at 22.9% with an outrageous 5% handling fee.

    Barclaycard do...but generally you can only transfer online to a Barclays account. If you want to transfer to another bank you need to call them up, so a bit of a faff!
    Originally posted by liviboy
    This is completely untrue. I have completed money transfers online from my Barclaycard to my NatWest and First Direct accounts numerous times over the last 2 years.
    Last edited by Weybridge78; 13-01-2018 at 10:04 AM.
    • liviboy
    • By liviboy 13th Jan 18, 10:07 AM
    • 373 Posts
    • 133 Thanks
    liviboy
    • #6
    • 13th Jan 18, 10:07 AM
    • #6
    • 13th Jan 18, 10:07 AM
    creditcardnewbieThis is completely untrue. I have completed money transfers online from my Barclaycard to my NatWest and First Direct accounts numerous times over the last 2 years.
    Originally posted by Weybridge78
    Please don’t reply saying this is “completely untrue”. Every single money transfer offer I’ve ever received from barclaycard has required me to call with information from the LETTER sent to my home address. The information was not on the online offer and online I could only enter a Barclays account number and not another UK bank or building society account.

    I’m getting really sick of this forum with people’s replies! A bit of common courtesy wouldn’t go amiss!
    • liviboy
    • By liviboy 13th Jan 18, 10:10 AM
    • 373 Posts
    • 133 Thanks
    liviboy
    • #7
    • 13th Jan 18, 10:10 AM
    • #7
    • 13th Jan 18, 10:10 AM
    In fact here’s another poster with the exact same scenario as me:

    http://forums.moneysavingexpert.com/showpost.php?p=66860596&postcount=4

    How dare you call me out to be a liar!! Just because YOU haven’t had to call doesn’t make what I said “completely untrue”. It’s just not true for you!
    • liviboy
    • By liviboy 13th Jan 18, 10:12 AM
    • 373 Posts
    • 133 Thanks
    liviboy
    • #8
    • 13th Jan 18, 10:12 AM
    • #8
    • 13th Jan 18, 10:12 AM
    And another post which seems to suggest that SOME customers can transfer online whilst others are required to call.

    http://forums.moneysavingexpert.com/showpost.php?p=66864543&postcount=7

    Once again I ask you to withdraw your statement that what I said was “completely untrue”.
    • liviboy
    • By liviboy 13th Jan 18, 10:31 AM
    • 373 Posts
    • 133 Thanks
    liviboy
    • #9
    • 13th Jan 18, 10:31 AM
    • #9
    • 13th Jan 18, 10:31 AM
    Weybridge78 has decided to PM me instead of posting in public.

    Apparently I am “pathetic” for linking to posts proving them wrong!

    I’ll take that as acknowledgement that my experiences and their experiences are not mutually exclusive but are true for what we have both experienced.

    Apologies to the OP, I was only trying to give you my experiences of Barclaycard Platinum where money transfer offers aren’t as easy to utilise as say Virgin, MBNA or even Halifax which, if I had wanted to, I could have always taken up completely online, compared with Barclaycard who required me to call up with a code from the letter received.
    • creditcardnewbie
    • By creditcardnewbie 13th Jan 18, 11:01 AM
    • 126 Posts
    • 20 Thanks
    creditcardnewbie
    Thank you to everyone who has replied so far. I really appreciate everyone's input on this and it has helped me a lot.

    I applied for MBNA and was accepted for 0% for 37 months so great result there.

    I'll maybe hold on to the Tesco and Barclaycard cards (for now) and keep one eye on their offers.

    Again, thank you so much for everyone who has replied so far.

    creditcardnewbie
    • Shakin Steve
    • By Shakin Steve 13th Jan 18, 12:17 PM
    • 1,195 Posts
    • 887 Thanks
    Shakin Steve
    My MBNA card has a permanent MT and BT offer on. It’s 0% for 12 months BT with a 3% fee, and 0% MT for 12months with a 4% fee. The 4.9% offer is for a much longer period..three years if I remember correctly. These offers have been available online for years for me, and they keep reminding me.....every month.....by email and letter!
    I came into this world with nothing and I've got most of it left.
    • Candyapple
    • By Candyapple 13th Jan 18, 2:09 PM
    • 2,506 Posts
    • 1,875 Thanks
    Candyapple
    In my experience, Barclaycard have offers every month, just log into your online account and check.

    http://forums.moneysavingexpert.com/showthread.php?t=5656094

    My last Barclaycard offer for December was for money transfer for 12 months for 1.9% fee.

    liviboy the posts you linked to are 4 years old, I would imagine times have changed now. You can most definitely make money transfers to ANY bank account, you are not tied specifically to paying the money into a Barclays current account. When Barclaycard send offers they send them via post, email and they also show up in your online servicing section. You can even see from the most recent e-mail they sent me, they don't specify it has to be paid into a Barclays account:



    Further proof here:
    https://www.barclaycard.co.uk/personal/customer/money-transfer


    Tesco credit card I think I have received 1 money transfer offer from them last year and it was for 12 months at 3% fee.

    Halifax/Lloyds used to send decent money transfer offers about every 2-3 months. The last one I got was for 21 months with 1.5% fee.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • flower77g
    • By flower77g 13th Jan 18, 9:08 PM
    • 45 Posts
    • 15 Thanks
    flower77g
    Virgin Money also regularly give money transfer offers to existing cardholders; at the moment I have two for different lengths of time with a 1.75% fee and a 3.5% fee respectively.
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