Best Balance Transfers / MoneySavingExpert.com discussion area

[Deleted User]

MuckyMark wrote:

I took an Egg card but wait for this. They charge you £50 transaction fee when you first do the balance transfer but what they DO NOT tell you is that they charge you intereste on that £50 as if it were a purchase. So although the transfer it's self is at 2% the £50 is charged EVERY MONTH at the merchandise standard rate. They DON'T tell you that when you do it!! :mad:

I'll watch for that and query if necessary. On the plus side, it's only an extra fiver or so over the interest free period so not a deal breaker relative to the 200 quid or so gain to be had.

YorkshireBoy

MuckyMark wrote:

They DON'T tell you that when you do it!! :mad:

They DO tell you...see section 5 of the Egg Card T&C's.

Poppycat

My Lloyd's TSB BT card runs out next month, so will then accrue interest. I was looking at the RBS card as mentioned here http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1122985312,39518,

However on close inspection the 0% interest on BT is only applicable to current RBS bank account customers, and is therefore a cost

No Balance transfer fee for RBS current accountholders (Non current accountholders 2%. Min £5, max £49)

This seems applicable on the Classic Card,Gold Card and Platinum Card's

Any one got any suggestions for a card for 9 months or greater? I have been with Lloyd's TSB and Barclay card, so I am trying to get my debt down without acrueing interest. Any help would be most apprepiated.

ThickWithCash

Hope this is the right place, the Motley Fool are showing a card with a rate of 0% for twelve months.
But I can't find it mentioned here any where and have been trying for ages
The card is the ' Halifax one card' have I missed a report saying it is not the one to go with as they are totally bad or should I apply quick before it gets inundated.
Sorry if this has been asked before or is the wrong place to ask, but have just admited i am in dept and today am trying to do the searching to decide how to start doing something about it.

[Deleted User]

ThickWithCash wrote:

Hope this is the right place, the Motley Fool are showing a card with a rate of 0% for twelve months.
But I can't find it mentioned here any where and have been trying for ages
The card is the ' Halifax one card' have I missed a report saying it is not the one to go with as they are totally bad or should I apply quick before it gets inundated.
Sorry if this has been asked before or is the wrong place to ask, but have just admited i am in dept and today am trying to do the searching to decide how to start doing something about it.

Halifax One looks good, but remember there is a BT fee of 2% (max £50) and remember not to spend on it during the 12 month period or you'll pay interest after 3 months.

ThickWithCash

Have £5200 on Barclaycard and £6550 on MBNA :eek:
So figure the £50.00 is not a lot compared to what I will be saving in interest.
And to get them transfered for a year will save a lot of messing in 6 or 9 months. thanks for taking the trouble to reply :T
Would be cutting up card so no chance of spending on it.
Started a thred about this one as could not find this card or deal mensioned anyware.

tinyrambo

Just thought I'd pass on a good 'un. SKY card are offering 12 months 0% on balance transfers and purchases (if I read it right not that I intend to buy anything with it.) the only people eligable though are existing sky customers..... seemingly you can also use it as a sky card (i.e. insert it in the box) and buy payper veiw stuff as well...... seems pretty good I've applied for one I'll let you know how I get on.

TINY

Poppycat

Just found it

http://www.fool.co.uk/decisioncentre/creditcards/TransAndPurch.aspx

2% fee though

0% for 12 months (2% fee)

ThickWithCash wrote:

Hope this is the right place, the Motley Fool are showing a card with a rate of 0% for twelve months.
But I can't find it mentioned here any where and have been trying for ages
The card is the ' Halifax one card' have I missed a report saying it is not the one to go with as they are totally bad or should I apply quick before it gets inundated.
Sorry if this has been asked before or is the wrong place to ask, but have just admited i am in dept and today am trying to do the searching to decide how to start doing something about it.

doctordebt

CapitalOne Platinum card -
I've just found the above card offered in Sunday Times supplement (29th Jan) which offers 0% BT until May 2007, making it 14 months. They do want 2% handling fee but I still think it's a good deal, but I can't see the same card online - any thoughts?

john_a_4

I was looking to carry out a balance transfer as a regular tart and investigated Martin's list. I fancied trying the Co-op Adv Gold card as it's a company that I have had approval from in the past. Martin has it down in his list as a free balance transfer but when I looked in the terms in conditions there is a 2% charge on Balance transfers so just to warn people to check the terms and conditions carefully.
John