Help please - which card?

Tabasco

Hi fellow MSErs,

I can't decide which card to apply...

I have £6500 balance on a £7000 limit HSBC MC and £5500 on a £6000 limit MBNA Platinum MC - both have just finished their intro offers....ouch

Ideally, I would like to transfer my MBNA balance, in hope that if I cancel my card, they may offer some form of 0%. But even just one card on 0% would help tremendously.

I think I last applied for anything was almost a year ago and it was with Virgin and they declined it. My credit history is healthy and never missed a payment. I now earn a bit more and am planning to pay off £500-700 a month. Obviously would like to be on 0% during this time.

Which company should I try??

THanks in advance and any suggestions will be much appreciated.

pre123

Halifax C/C 0% for 13 months to new customers for BT made in the first 90 days. There's a 3% BT fee, minimum payment is just 1% of the balance

Do you have any savings to pay off or reduce one of the cards as their pretty maxed out

pre123

http://www.halifax.co.uk/creditcards/pluscard136.asp

Moggles_2

I think I last applied for anything was almost a year ago and it was with Virgin and they declined it.

Well, that's hardly surprising if you had a sizeable balance on another MBNA card.

You seem to have sleep-walked into this situation. With a little forward-planning, there's no reason why you could not have shifted all your borrowings to 0% or low-rate BT cards.

For tips to improve your chances of credit card acceptance, have a look at the *Credit Rating: how it works and how to improve it guide*, especially Martin's *Manage and Improve your credit score* article

http://www.moneysavingexpert.com/ban...-score#improve

As above, 13 months at 0% is currently available to new customers from Halifax on balance transfers made in the first 90 days. There's a 3% BT fee.
Minimum monthly payment is just 1% of the balance shifted.

http://www.halifax.co.uk/creditcards/pluscard136.asp