We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Super Balance Transfers discussion area

1356717

Comments

  • thanks.
    i apprecite yr help
  • OK - I understand the concept + benefits BUT -
    what about the Egg Money balance transfer fee - wouldn't that automatically be charged even though you may still be in credit?
  • Bexm
    Bexm Posts: 460 Forumite
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    If I have a Virgin MBNA card.. Can I get another MBNA card and do a money transfer to my account to pay it off??
  • If you want to use the mbna card to transfer to your overdraft, do mbna count this as a balance transfer or a money transfer?
    I have just applied for the card but skipped the transfer question as wasnt sure if money transfer had the same deal that the site mentions!
    Does anyone know??
  • smiler289
    smiler289 Posts: 12 Forumite
    Hi!

    I paid off my BT credit card last month so I have just cancelled it. I believe the BT card is part of the MBNA family of cards.

    My question is, can I apply for the Virgin card having just cancelled my BT card?

    Cheers

    Smiler
  • Stinkybell
    Stinkybell Posts: 193 Forumite
    MBNA platinum is charging a 4% fee for money transfers now according to it's website - the article needs updating as it only says it charges a 2.9% fee
    Chipping away at the mortgage...
    2013:£419k @ 3.14%
    2016:£385k @ 1.79%
    2019:£275k @ 1.84%
    2024: ??
  • smiler289
    smiler289 Posts: 12 Forumite
    smiler289 wrote: »
    Hi!

    I paid off my BT credit card last month so I have just cancelled it. I believe the BT card is part of the MBNA family of cards.

    My question is, can I apply for the Virgin card having just cancelled my BT card?

    Cheers

    Smiler

    Just to let you know I applied for this card but was unsuccessful. It didnt say why but I would get a letter confirming that I had been unsuccessful, which I have not received.
  • I have an agreed overdraft with the bank of £3500, I also have a virgin credit card. Virgin are currently offering 6.9% till 14th October to transfer to bank accounts with a 2.98% charge. Virgin told me that after 14th October my interest rate would be a staggering 21.9%. I assumed it would be 18.9%. Has anyone else come across this problem and why are interest rates on credit cards so high?
  • Hi
    There is an offer on the MBNA card for 0% cash transfers at a fee of 2.9% to July 2010.
    Where can I invest the cash for 12 months for more than 2.9% nett?
  • Hi I have very poor credit ratings are there any cards that do super balance transfers which allow you transfer funds into a bank account?
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.8K Spending & Discounts
  • 246.1K Work, Benefits & Business
  • 602.2K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.