abbey overdraft and options????

Tallulah43

Hi
Could anyone give advice to a money slacker (altho determined 2009 will be year of change)

I switched from abbey to A & L last March. Abbeys service had nosedived and had had enough so swith to A & L premier which gave me a 2K overdraft. My od with Abbey was 1750 and stupidly did not pay it off but have not used a/c since. Had a letter from abbey last week to say that od was being withdrawn and any owing would move to non preffered od rate.

Already have A & L card to 4K max and mint to near max and a store card with hefty rate.

I was thinking about if I could balance transfer my store card and overdraft to a 0%.

I tried to do this with Virgin but on online option, it didn't give the opportunity for store card or overdraft to be added??

Only other option I could think of was to let od go onto non preferred rate and just make arrangement to pay it off and leave others as they are, but try and pay od and store off quicker. Its not that I am struggling but have always been 'I'll do it later and later never comes'

Also OH doesn't have his name on my A & L card so could he apply for Virgin in his own right even tho all part MBNA and we are at same address??

Hope this all makes sense

Thanks

Tallulah43

could anyone please give me advice on this ?????:j

BenL

Have you spent the A&L 2K overdraft?

YorkshireBoy

Tallulah43 wrote: »

I was thinking about if I could balance transfer my store card and overdraft to a 0%.

I tried to do this with Virgin but on online option, it didn't give the opportunity for store card or overdraft to be added??.

You have to ask the CSA for a 'money transfer' or action it yourself online.

Having said that, if you're maxed out on the A&L card MBNA may not be happy to extend you further credit facilities on the Virgin card.

Also OH doesn't have his name on my A & L card so could he apply for Virgin in his own right even tho all part MBNA and we are at same address??

Yes, but it wouldn't matter even if he was an additional cardholder on your account. Same rules apply though...no BT's directly between MBNA products.

Tallulah43

Thanks for the advice. I decided that rather than me get a virgin card, my OH has just applied for the Virgin and accepted with a 5600 credit limit so can put the abbey od with high rate and store card with 34.9% on and now pay them off without all that interest.

my first positive money move of 2009:j

Moggles_2

Congratulations on jumping the right way
:beer:

On receipt of his new card, your OH can request the transfer of funds to his/your bank account.

Rather than action it online, I would do this when he calls to activate his new card. (There's a dedicated, Freefone number). Virgin will allow him to transfer up to 95% of his credit limit. The money arrives in your bank account in about 6 days