Balance transfer and charges reclaim

Lambrusco_Cowboy

HI i want to transfer my balance and reclaim my charges but which should i do first? Can i transfer my balance to another card and then try and reclaim the charges dfrom the old cards or is it better to reclaim my charges first and then do the transfer?

THanks in advance

Dan

CLAPTON

you can reclaim charges even if the account is closed

I can see no reason why you shouldn't go ahead and do the BT.

bengal-stripe

CLAPTON wrote: »

I can see no reason why you shouldn't go ahead and do the BT.

Do you have a card to transfer to? If you have to find one, be prepared, you might not get one (particular in the current climate).

The charges you have had, be it for late payment or over limit, will show up in your credit report, equally a potential lender
can see the current balance. You might come over as desperate………

Balance transfers are not aimed at people in tricky situations, but at potential high spenders.

Lambrusco_Cowboy

can you transfer a balance to a third party credit card? ie if someone else will get a card and take my transfer on?

Lambrusco_Cowboy

does anyone know the answer to this one?

Budner

Yes, you can

noh

Budner wrote: »

Yes, you can

Unless the T+Cs of the third partys card state otherwise.

One or two cards I have held have T+Cs that state that a balance transfer can only be carried out to a card account in the same name.

realaledrinker

Transfer the debt first. that way you will incur a 3% fee that you can include on your claim for a charge refund.

Brilliant!

dtaylor84

realaledrinker wrote: »

Transfer the debt first. that way you will incur a 3% fee that you can include on your claim for a charge refund.

Brilliant!

Er, the 3% fee will be from the new card provider, who are not going to refund it just because he doesn't want to pay it.

Budner

Or just pay the 3% and have some semblance of morals & decency. By the way, BT fees aren't included in charge reclaims, they're ot a default charge