Stoozers-I need your advice

johnbhoy10

hiya-

just joined today and need your advice. i am debt free with exception of mortgage and thinking of giving this a go using the SBT method. Is ABBEY still one of best cards around for fee free balance transfers with SBT facility? i take it you then just max card out by transferring to your bank account and then select your savings vehicle.i currently have maxed out this year on a halifax isa but the mrs still has the option. is this the best option before considering the best easy access savings account?

johnbhoy


p.s-i am very tempted but also very wary!!

grumbler

johnbhoy10 wrote:

... Is ABBEY still one of best cards around for fee free balance transfers with SBT facility?

Already not. AFAIK BTs and SBTs fee is 2%: http://www.abbey.com/credit_cards_balance_transfer_card_print.htm
Other options: http://www.stoozing.com/0fees.htm, The Middle Route

...halifax isa but the mrs still has the option. is this the best option before considering the best easy access savings account?

Probably yes. Other option: combination of 4.75% easy-access account with 10% A&L regular saver giving you about 7.5% effective gross interest on £3000(6% net for 20% tax). See also: http://www.stoozing.com/savings.htm

pardal51

johnbhoy10 wrote:

hiya- Is ABBEY still one of best cards around for fee free balance transfers with SBT facility?

I'm also starting stoozing, having only done "slow stoozing" so far...

Mint is another option, bearing in mind that fee free onky after 31/Jan (cheques).

You can find out more info here.

Hope this helps...

johnbhoy10

cheers guys-

your replies confirmed what i thought. still worth it even with a small capped fee though may have a look at the middle route option. i was aware of the A&L savings account as i have premier current account with them so their "brand new customers only " kaiboshes that one. if i decide to go ahead think the HALIFAX ISA is the option as you said.

cheers again

save-a-lot

Hi

I am interested in the "middle route" - is the egg money card available to existing customers with a standard egg card??

Cheers
Phil

Clariman

save-a-lot wrote:

Hi

I am interested in the "middle route" - is the egg money card available to existing customers with a standard egg card??

Cheers
Phil

Yes it is. The standard card (Green) is a Visa and the Egg Money card is a Mastercard. It is certainly possible to get both.

Clariman

grumbler

save-a-lot wrote:

... is the egg money card available to existing customers with a standard egg card??

Generally speaking, yes. See post #11 in Egg credit card payments question thread ...

johnbhoy10

I have just made appnt with ABBEY in branch after speaking to their credit card customer service dept. 2 different ABBEY emplyees advised that i can balance transfer into my current account for no fee in applying in branch (1 even said if i applied on phone i would qualify for this!). Also, i have card with A&L which i have never used and they told me that ABBEY would still charge a fee for (S)BT to bank account. What entitles A&L to give "wrong" info on other lenders cars. Am i right to be hacked off with A&L or have i missed something?? Also, being new to this, if i do go ahead can i expect this as standard level of service or do A&L simply don't want me to go elsewhere?

thanks in advance
johnbhoy