Super Balance Transfers discussion area

[Deleted User]

If you can get another 0% card, then do that.

R_Ling

Hi - was just after some advice.
I have been declined whilst applying for a money transfer credit card. I was wondering if my partner could apply for one, transfer the cash to me and I pay her back over the duration of the 0%. Is there anything wrong with that?

[Deleted User]

Only for your partner if you change your mind about paying her back.

Bossworld

Just taken this out for approx £6k, over 32 months.

I toggled the option for them to set up a direct debit for the minimum.

Now, I was planning on paying back £200 a month, which squares it off by 32 months. However, I could do with a bit of guidance.

I have a share save type scheme that will pay a minimum of £5k in less than 2 years time.

I reckon I can treat this Virgin Money card as almost an advance on that share save money, and in doing so, only pay back around £60 a month and pay the complete balance once the sharesave money comes back in?

If that's going to work, I see from another site that the initial fee on the card (1.69% is added onto the balance). Will the minimum payment DD take this into account, or should I pay this 1.69% off straight away separately?

many thanks

YorkshireBoy

Bossworld wrote: »

If that's going to work, I see from another site that the initial fee on the card (1.69% is added onto the balance). Will the minimum payment DD take this into account, or should I pay this 1.69% off straight away separately?

Yes it will.

A word of warning...be sure to check your first statement to ensure it states the payment will be collected by DD. If it doesn't, pay by other means and check the second statement for the same message. Missing a payment will mean you lose the 0% rate and also waste over £100 in fees!

Skibanger

Does anyone know if I use my offer on a nuba card for 40 months 0%.... then move that money to a balance transfer card straight away... Does the offer still stand on the nuba card to repeat this??

Skibanger

Does anyone know if I use my offer on a nuba card for 40 months 0%.... then move that money to a balance transfer card straight away... Does the offer still stand on the nuba card to repeat this??

MallyGirl

you can make multiple transfers within the window offered in the T&Cs - usually applies to first 60 or 90 days

Skibanger

Does anyone know if I use my offer on a nuba card for 40 months 0%.... then move that money to a balance transfer card straight away... Does the offer still stand on the nuba card to repeat this??

campion94

Hi, I am a newbie


I wanted to ask for people's thoughts...
I over pay on my dear mum's mortgage, so between us we pay about £400 per month, Mum's mortagae is now down to £14,500 with 5 years remaining


I was thinking should I take advanatage of a super balance trasnfer which I understand to be where I can have money transfered into my account and pay of as much as I can on mums mortage, I say as much as I can as I know they may not give me the full £14,500 straight off


then I would get only 3 years


but lets says we pay of £9k I could then balance transfer a much smaller amount in 3 years time and accepy for the balance transfer fee I wouldn't be paying interest


I think that is what I am thinking


Thoughts? Anyone?


Thank you in advance