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Balance transfer?
rosiedee
Posts: 269 Forumite
in Credit cards
Hi All,
I have currently got a LOB of 5.9% on my Egg card. They have emailed me offering a further LOB transfer of 6.9%. I have about £500 left to pay on my MBNA card which I am thinking of moving to Egg. MBNA are always sending me 0% offers for fixed periods so once I've got a nil balance I could transfer another couple of small balances to MBNA on 0% and then pay them off in the fixed period. My question is would transferring another balance to Egg affect my original LOB deal?
I have currently got a LOB of 5.9% on my Egg card. They have emailed me offering a further LOB transfer of 6.9%. I have about £500 left to pay on my MBNA card which I am thinking of moving to Egg. MBNA are always sending me 0% offers for fixed periods so once I've got a nil balance I could transfer another couple of small balances to MBNA on 0% and then pay them off in the fixed period. My question is would transferring another balance to Egg affect my original LOB deal?
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Comments
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Can anyone help?0
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The short answer is no.
The slightly longer answer is given in the 'allocation of payments' section in your summary box.
http://new.egg.com/visitor/0,,3_61028--View_1150,00.html
The very long and complicated answer is given in section 5 of your T&Cs...
http://new.egg.com/visitor/0,,3_11087--View_1068,00.html0 -
It might be worth asking Egg if they can consolidate both balances @ 5.9 LOB? (Nothing ventured, nothing gained) although IME they can't vary standing offers.....under construction.... COVID is a [discontinued] scam0
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