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The best way to perform a balance transfer?
lizzibeff
Posts: 14 Forumite
in Credit cards
Hello, i'm a newbie and have been lurking for quite a while, particularly around the Old School Money Saving forum 
About 18 months ago, i was one of those people who had their credit agreement ended with Egg for two credit cards because my lending profile wasn't satisfactory for them. So i have two cards with fairly hefty balances and i'm obviously paying a fair bit in interest. I no longer have the physical cards as i cut them up about 3 years ago (before Egg even finished my agreements).
I've just applied for and been successful in getting a HSBC 0% card and want to transfer the balance from one of my Egg cards to it. What i want to know is whether it's better to just do the balance transfer using HSBC internet banking? Or whether to call Egg and make a payment directly to them. Ordinarily i'd just go for the first option, but they're asking for "Name on (Egg) Card" which i obviously don't know as i don't have the card anymore.
Perhaps i'm just over complicating things, but i really don't want the transfer to fail because i tried to have a guess at what name would have been on the card.
What do i do? If you transfer a balance, how do you usually go about it?
About 18 months ago, i was one of those people who had their credit agreement ended with Egg for two credit cards because my lending profile wasn't satisfactory for them. So i have two cards with fairly hefty balances and i'm obviously paying a fair bit in interest. I no longer have the physical cards as i cut them up about 3 years ago (before Egg even finished my agreements).
I've just applied for and been successful in getting a HSBC 0% card and want to transfer the balance from one of my Egg cards to it. What i want to know is whether it's better to just do the balance transfer using HSBC internet banking? Or whether to call Egg and make a payment directly to them. Ordinarily i'd just go for the first option, but they're asking for "Name on (Egg) Card" which i obviously don't know as i don't have the card anymore.
Perhaps i'm just over complicating things, but i really don't want the transfer to fail because i tried to have a guess at what name would have been on the card.
What do i do? If you transfer a balance, how do you usually go about it?
House deposit fund:
Total for June: £5745.44 (57% of 2013 target) (48% of total target)
Target for December 2013: £10,000
Total Target: £12,000
Total for June: £5745.44 (57% of 2013 target) (48% of total target)
Target for December 2013: £10,000
Total Target: £12,000
0
Comments
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Ahem...that's your name.they're asking for "Name on (Egg) Card" which i obviously don't know as i don't have the card anymore.
You tell HSBC, either on the application form, in person in branch, or via phone that you want to transfer a balance to their card. They'll then do all the work for you.If you transfer a balance, how do you usually go about it?0 -
YorkshireBoy wrote: »Ahem...that's your name.
Smarty Pants What i mean is that on every credit or debit card i've ever had, my name has appeared differently, for instance if my name was A.N.Other (original i know), my name might have appeared as
Miss A N Other
A N Other
Annie N Other
Annie Nora Other
Miss Annie Nora Other.
Does it not matter really? If that's the case i'll just do it through HSBC.House deposit fund:
Total for June: £5745.44 (57% of 2013 target) (48% of total target)
Target for December 2013: £10,000
Total Target: £12,0000 -
I've had in excess of 20 credit cards over the last 4 years or so and made numerous BT's. I remember that HSBC were the only ones (or certainly in a very small minority) to ask for 'name on the account'. Everyone else just asked for provider name (eg Egg) and 16 digit card number. From that I can deduce it's not really relevant.Does it not matter really?
However, if you can still log on to your Egg Card account maybe it'll tell you there what you/they called yourself back then?0 -
I tried that and unfortunately for me it doesn't say either on my online statements or my original credit agreement.
I thought calling Egg and asking them what the name on my non-existant card was might be either A) Ridiculous, or
kind of suspicious. 
House deposit fund:
Total for June: £5745.44 (57% of 2013 target) (48% of total target)
Target for December 2013: £10,000
Total Target: £12,0000 -
Just been online...
My Egg Money credit agreement says (to use your options)...
'Annie Other'
Yet my card says...
'Mrs Annie N Other'
I'm of the opinion it won't matter a jot what format you give HSBC.0 -
Okie doke, thanks a lot House deposit fund:
Total for June: £5745.44 (57% of 2013 target) (48% of total target)
Target for December 2013: £10,000
Total Target: £12,0000
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