2% charge for BT

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Hi
Are there any cards out there that do not charge a fee for balance transfers. I have just been accepted for a Lloyds credit card with 9 months interest free but they will charge me 2% ( about £62) to transfer the balance.
Any advice would be appreciated.

YorkshireBoy

slider wrote:

Hi
Are there any cards out there that do not charge a fee for balance transfers. I have just been accepted for a Lloyds credit card with 9 months interest free but they will charge me 2% ( about £62) to transfer the balance.
Any advice would be appreciated.

When did you apply for the LTSB card? If you applied before they introduced the BT fee (last Friday I believe), then argue (politely!) for the fee to be waived.

If you applied since last Friday then, if you want to risk another credit search, click the 'Balance Transfers' link in the blue box above your first post. There's a link within that article to a 'no-fees' list*.

* Do not rely on it's accuracy - as deals change regularly, always check with the provider directly.

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Yorkshireboy
Thanks for that. I applied about 2-3 weeks ago and was not aware that there was a charge for BTs. Obviously I am reluctant to apply for other cards only to find that they also charge 2% of the balance to transfer. I have been tarting for a number of years now and do not remember ever being charged for transferring a balance. If as you say this charge was only introduced on Friday I will give them a call.

YorkshireBoy

slider wrote:

If as you say this charge was only introduced on Friday I will give them a call.

I can't say for sure if they made the change last Friday, but these things don't stay quiet for long! First mentioned in this post...

http://forums.moneysavingexpert.com/showthread.html?t=142596

moneyuser

slider wrote:

Yorkshireboy
...Obviously I am reluctant to apply for other cards only to find that they also charge 2% of the balance to transfer...

It always tells you in the summary box if a BT Fee applies so no need to apply without knowing.

BoltonMinx

M&S &More do not charge a BT fee AFAIK.

Happy_Shrimper

I applied about 10 days ago after phoning to confirm no fees. Said as long as I BTd within 6 weeks of account opening, there is no fee.
Not got the card yet, but I will push for fee free based on my phone call.

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Hi all
Phoned Lloyds today and was informed that providing I make the BT within 6 weeks of opening account there is no charge. Any subsequent BTs after the 6 weeks will incur 2% charge. Good result really. Saved over £60.