Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

Search
  • FIRST POST
    • Lmt
    • By Lmt 30th Nov 17, 9:05 PM
    • 1Posts
    • 0Thanks
    Lmt
    Help please
    • #1
    • 30th Nov 17, 9:05 PM
    Help please 30th Nov 17 at 9:05 PM
    I think I've messed up somewhere. I'm trying to get on top of my finances and applied for a Lloyds 0% credit card yesterday. Good news is I got accepted and it said I could transfer £6555 over, which I duly did. I've just received an email to say it's been done but also a text saying that I've gone over 90% of my credit limit and could face charges. I can't remember reading anywhere about not being allowed to go over 90% and why would they let me transfer more than this if it's a problem? I'm unable to login to the account yet as I'm obviously waiting for the paperwork to come through the post. What do I do? Do I have to find the money to get it under the 90%? Will I have immediately lost my 0% deal? I'm totally confused, stressed and wish I'd left the Balance on barclaycard 😩 Any advice greatly received
Page 1
    • derps
    • By derps 30th Nov 17, 9:20 PM
    • 104 Posts
    • 89 Thanks
    derps
    • #2
    • 30th Nov 17, 9:20 PM
    • #2
    • 30th Nov 17, 9:20 PM
    Are you sure they weren't just letting you know you were getting close to your limit? Did they specifically say they apply charges for being at 90%?
    • TheShape
    • By TheShape 30th Nov 17, 9:49 PM
    • 1,146 Posts
    • 920 Thanks
    TheShape
    • #3
    • 30th Nov 17, 9:49 PM
    • #3
    • 30th Nov 17, 9:49 PM
    I received the same warning from Lloyd's yesterday after requesting a balance transfer. They will warn you when you hit 90% so you can take action (if needed) to avoid going over your credit limit. My balance is currently 93.7% of my credit limit and I'm not expecting to get charged.

    Exactly the same thing occurred when I was maxing out my Halifax Credit Card with balance transfers earlier in the year.

    OP, what is your credit limit and is there a fee for your balance transfer?
    Last edited by TheShape; 30-11-2017 at 9:55 PM.
    • Weybridge78
    • By Weybridge78 30th Nov 17, 11:10 PM
    • 97 Posts
    • 30 Thanks
    Weybridge78
    • #4
    • 30th Nov 17, 11:10 PM
    • #4
    • 30th Nov 17, 11:10 PM
    Do not stress. What is your credit limit; £7000?
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

1,474Posts Today

6,157Users online

Martin's Twitter
  • RT @bearface83: @MartinSLewis check out the @Missguided new 60% off offer. Upping the cost of items almost double to make us think it?s a?

  • RT @efitzpat: Thank you SO SO much @MartinSLewis for your Student Loans refund advice! I just got a grand refunded right before Xmas! Whoop?

  • Have a lovely weekend folks. Don't do anything (fiscally) that I wouldn't do!

  • Follow Martin