Getting around transfer fees

diesellwt

Hi All,

I have been stoozing for about three+ years, and off set the money against my mortgage, and saved thousands. The only problem now is that most of the Credit cards have a transfer fee, which has almost made it not worth moving the money. I have managed to get free transfers from Lloydstsb and Abbey by applying in the branch.

My question is does anybody know anymore cards etc that do the same.

Diesellwt

grumbler

See http://www.stoozing.com/0fees.htm and
Balance Transfers > See a full list of Credit Cards which offer 0% BTs without charging a fee. Check carefully that the information is up-to-date.

P.S. Don't disregard cards with capped BT fee.

diesellwt

Thanks grumbler, that is a really good site.

Thefunkygibbons

and the people on the forum there are really friendly

richardw

Perhaps stick with the ones that have a £50 cap and then get a large credit limit. The BT fee is then a low percentage of the BT amount, ie £10 000 BT the fee would be 0.5% of the BT amount.

Milarky

And add to that - ask for credit limits from unused cards already held with the same bank or issuer to be added (in whole or part) to the new card - thus raising the amount you can borrow and diluting the effect of any capped fee. This works with MBNA and has with LLoyds TSB (but their fees are now uncapped!) but I don't know about the others. Some (like Co-op bank) might match a highest limit on a different bank's credit card What would be useful therefore would be a list of different issuers practices regarding granting increased limits. I found RBS unhelpful for instance - their cards don't seem to 'speak' to each other. Got a Natwest card with a low limit. Asked them reduce limits on other cards held and increase that on the new card (and by less than the decreases if they wished!) but they just told me to go to the other cards and request this for myself. (So it doesn't always work to have unsued cards!)

richardw

Milarky wrote:

LLoyds TSB (but their fees are now uncapped!)

Does this include any special offers?