Credit Card Balance Transfer Discussion Area 2

mary

I have now successfully got a 0% card for husband (Virgin MBNA with free MP3 player offer) and am transfering the balance to our current account.

I also have just received my Egg card and am transfering £6k into my current account for onward travel to my Cahoot account.

Likewise I have been reading many of the threads over the past few months and am sitting on my initial 3 cards, plus 2 I've arranged for my husband. Shortly I will be getting to the time when I will need to be changing. I gather that MBNA give quite generous credit limits and thought nearer the time I would try them. However I keep reading that you either have to pay £35, £50 or £70? for doing transfers. As it is presumably your first time with Virgin MBNA, have you
discovered whether there was a charge when you transferred your money to your current account? I see in the general terms and conditions of MBNA, it says "may". I would welcome your comments

Saints_2

??? I've been looking at the 0% balance transfers. I've done Mint for nearly 9 months and need to swap now. However on the site it says Barclays charge 2% to transfer. Is this the same with Virgin and Egg?
Any clues to which is really the best 0% transfer deal anyone?

cafenervosa_2

Egg or Virgin should not charge you for a BT.

Galstonian

Egg or Virgin should not charge you for a BT.

Egg don't charge and Virgin shouldn't while in the intro period, however, after that it costs 2% capped at £35 (going up to £50 soon) with any MBNA operated card.

Saints_2

:)Egg it shall be then. Thanks!

Emmacw

 
 However I keep reading that you either have to pay £35, £50 or £70? for doing transfers.    As it is presumably your first time with Virgin MBNA, have you
discovered whether there was a charge when you transferred your money to your current account?    I see in the general terms and conditions of MBNA, it says "may".    I would welcome your comments

As Galstonian says for Virgin it is free in the intro period (thankfully!)

wibble_2

As Galstonian says for Virgin it is free in the intro period (thankfully!)

Not here, it wasn't.

I recently applied for a Virgin Card, and asked them to close and merge-in the credit limit from my MBNA card. I then asked them to do a balance transfer for which I was charged £35.

I did tell them that I thought that there was no fee during the intro period but the woman on the phone said it now applied to all transfers. I was a bit disappointed about this but didn't want to grumble too much as I was effectively getting another 9 months 0% against my old MBNA card.

Galstonian

There is no fee during the intro offer. If you consolidate cards it may mean they do not count a second offer as an introductory one (which seems perfectly reasonable since you are not really a new customer)

Smitty

I am surprised Wibble had to pay a BT fee. When I took out a new Abbey card, I asked for the credit limit on my A&L card to be moved to Abbey (except for £1000). I then did an SBT on my Abbey card for 98% of the credit limit - no fee.

So I was already an MBNA customer. But a new Abbey(MBNA) customer. Only difference is I did not close my 'other' MBNA card.

azka

OK ive just done my first sbt from egg card to my lloyds current account. how long will it take for the credit to show up in my account.