with the halifax credit card form should i

Deals_2

mention the amount i would like to transfer over . does it make it easier to get? what sort of credit limits have people been having. thanks in advance.

jonesMUFCforever

It will do no harm.
However it will not affect their credit scoring process - it is this that will determine any credit limit they will give you.

Moggles_2

Like most credit cards, you either complete the BT request section during the application process or wait until the card arrives.

IMO, it's best to wait until the activation call and request your balance transfer over the phone. That way, you keep your options open, avoid unwanted partial transfers, paying the same card twice etc. and retain some control over what happens when. If something goes wrong, BTs are not easy to reverse and, in attempting this, you could incur two transfer fees. This is just my opinion of course.

There's no evidence that requesting a BT on application affects your chances of acceptance or the credit limit you're handed.

never-in-doubt

Moggles wrote: »

There's no evidence that requesting a BT on application affects your chances of acceptance or the credit limit you're handed.

This is true, I agree. From the comments here it appears there are two ways of looking at this:

Positive:
Assume you are new to credit and you have recently got your first card and want a second, there is a chance the first card will not be 'live' on the CRA's systems in which case doing the BT can look as though you do have other cards.

However the flip side affects option two...

Negative:
Some lenders totally disregard the BT's especially if they do not match CRA data because we all know that it is easy to request a BT to a friend/family etc. For instance, I could need £3k cash so I BT £3k into my mates CC and then ask him to withdraw it for me (obv paying the £120 fee or whatever) but its an easy and cheapish loan in comparison (based on 18mth 0%)

if you diggit :rotfl: :rotfl:

CannyJock

Rodent on the stoozing forum is pretty insistent that requesting a large balance transfer helps his credit limits - but he's a bit of an anomaly His standard request is for £20,000 transfer and it seems to work for him

never-in-doubt

CannyJock wrote: »

Rodent on the stoozing forum is pretty insistent that requesting a large balance transfer helps his credit limits - but he's a bit of an anomaly His standard request is for £20,000 transfer and it seems to work for him

:eek::eek::eek: How Much? :eek::eek::eek:

CannyJock

Welcome to stoozerville :beer:

Moggles_2

CannyJock wrote: »

Rodent on the stoozing forum is pretty insistent that requesting a large balance transfer helps his credit limits - but he's a bit of an anomaly. His standard request is for £20,000 transfer and it seems to work for him.

He made the same comment on the *Best Balance Transfer* sticky.

If memory serves, Rodent also advocated applying for 2-3 cards on the same day. What would he have done if all three firms accepted and paid off the existing card three times over, I wonder?

(No need to answer CJ. I think we know the answer.:) )

Moggles_2

Seriously, Capital One ran some marketing a while back, from which I formed the impression that a BT request might influence the credit limit the bank was prepared to consider. I can't remember the wording, unfortunately. In any case, C1 isn't offering 0% BT cards at the mo.

Other than that, the only trend I've noticed over the years, is the tendency for credit limits to get ever more generous with the passing of time. (My own that is, I can't speak for other people.) This could be due to any number of reasons of course.