Getting an incentive

GeorgeUK

I will soon need to do a balance transfer and can hopefully use one of my empty cards if i get an "incentive" offer. I've never done this with an existing card, but will i need the security number on the back of the card to do the BT? I couldn't find some of my cards last night (they never leave the house) and was wondering if this would be required. I have the card number as i use online banking but will i need the security number on the back?

GeorgeUK

Just read the great article by Clariman on the do's and don'ts of requesting an offer for a current customer.
http://www.makesenseofmoney.co.uk/a_extend.html
(Great article - thanks for that)

Just a little confused now - i thought you had 30 days in which to do a BT to the card and after this time a BT to that card would be treated as an ordinary BT and outwith the promotional offer. Is this right?

The reason i ask is that i have not used a card that was 0% for about 5 months but the original 0% period will be just about ending. The article mentioned that it may be best to wait until the 0% period had ended. Have i missed something somewhere?

Oh yes - and i found my cards. For some reason i had put them with some gift token cards (for safe keeping). From now on all my CC will be with me so i will know if i have definately lost them or not.

NickX

GeorgeUK wrote: »

Just a little confused now - i thought you had 30 days in which to do a BT to the card and after this time a BT to that card would be treated as an ordinary BT and outwith the promotional offer. Is this right?

Well this is not always the case, it depends upon the Terms and Conditions off the promotion that you are offered.

To get a decent repeat, the advice is to clear the card down to zero and wait until any existing promotions have expired.

If you are then successful in getting a repeat deal then this is a fresh promotion and any restrictions on the original promotion would no longer apply.

Hope this helps.

HamiltonL

GeorgeUK wrote: »

I will soon need to do a balance transfer and can hopefully use one of my empty cards if i get an "incentive" offer. I've never done this with an existing card, but will i need the security number on the back of the card to do the BT?

We have to take the CVV and Expiry Date at Abbey. A prime condition for doing balance transfers, which is a headache for someone with say a 6 months 0% who has cut up the card.

DestroyingAngel_2

GeorgeUK wrote: »

I will soon need to do a balance transfer and can hopefully use one of my empty cards if i get an "incentive" offer. I've never done this with an existing card, but will i need the security number on the back of the card to do the BT? I couldn't find some of my cards last night (they never leave the house) and was wondering if this would be required. I have the card number as i use online banking but will i need the security number on the back?

It it's an MBNA card, you can do the BT without having posession of the card. They'll just ask you a couple more security questions to validate that you're indeed the rightful owner of the account, before allowing the BT to go through.