Refused Balance Transfer

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rosen1973
rosen1973 Posts: 6 Forumite
in Credit cards
Hi

I just got a new Halifax credit card with the zero fee transfer and 33 months of zero interest. when I applied I added my Barclaycard as a balance transfer. I got an email saying the balance transfer has been declined.

The credit limit on the new card is over 5k more than the Barclaycard total balance.

What could be the problem?? as I am a but miffed that I have a new credit card that I got was only to transfer the barclaycard over to.

I guess I could of entered the details wrong when I applied to transfer the balance, I was just wondering if this has happened to anyone before?.

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    Wrong details most likely. Try again.
  • rosen1973
    rosen1973 Posts: 6 Forumite
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    i think so too.
  • Elvie100
    Elvie100 Posts: 105 Forumite
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    Same happened to me with TSB to Halifax. Once I got the physical card I tried again via online banking and it went through without a problem.
    Was MFW#60 - mortgage paid off December 2021
  • rosen1973
    rosen1973 Posts: 6 Forumite
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    Yeah I just did the transfer online. It seems to have worked
  • robert_lambert51
    robert_lambert51 Posts: 4 Newbie
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    I too had a bank balance transfer rejected. I applied and received a Sainsbury's card to transfer my balance from my Very card supplied by Capitol One. Sainsbury's rejected the transfer due to the fact that Very is considered a store card and terms say they are not transferable
  • MallyGirl
    MallyGirl Posts: 6,646 Senior Ambassador
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    robert_lambert51 wrote: »
    I too had a bank balance transfer rejected. I applied and received a Sainsbury's card to transfer my balance from my Very card supplied by Capitol One. Sainsbury's rejected the transfer due to the fact that Very is considered a store card and terms say they are not transferable

    In your scenario you should have applied for a 0% money transfer card rather than a balance transfer card.
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  • Pipes75
    Pipes75 Posts: 4 Newbie
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    HI,

    I had this issue with rejected Balance transfer onto a Sainsbury's Mastercard when trying to transfer a balance from an AA Credit Card (which is operated by Bank of Ireland (UK). Sainsbury's said it was because AA don't accept FastTransfer payments.

    Not ideal as that was the only reason I setup the card with Sainsbury's in the first place!
    Don't know where this was in the fine print if at all.
  • Pipes75
    Pipes75 Posts: 4 Newbie
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    HI,

    I had this issue with rejected Balance transfer onto a Sainsbury's Mastercard when trying to transfer a balance from an AA Credit Card (which is operated by Bank of Ireland (UK). Sainsbury's said it was because AA don't accept FastTransfer payments.

    Not ideal as that was the only reason I setup the card with Sainsbury's in the first place!
    Don't know where this was in the fine print if at all.

    Might be worth checking with Halifax if they have the same limitation?
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