The Best Balance Transfers Article Discussion Area

ChuckleVision_2

I need to do a balance transfer, 0% (about 3k). The only ones on here are 6 months.

Has anyone seen any for 9 or 12 months?

Thanks.

Moggles_2

Hi Moneyfacts

Welcome to MSE & the credit card board.

Thanks for posting. I don't disagree with your reasoning. The new M&S life-of-balance offer is a good deal as long as those who request balance transfers don't spend on the card as well!

I believe it's important to point out that Moneyfacts is a comparison service. Unlike MoneySavingExpert, it’s a profit-driven site that lists most, but not all best buys due to its commercial relationships.

You can get suggestions here on MSE if you click on *Balance Transfers* in the black box at the top of this board. For a comprehensive list of fee-free 0% balance transfers and life-of balance cards, updated regularly, see also tables at:

http://www.stoozing.com/0fees.htm

ChuckleVision_2

OK, thanks for your help. I don't really want to pay interest on my credit card debt. I may just put it on a 6 month one for now.

I'll keep an eye on the site you mentioned too.

Moggles_2

Hi ChuckleVision

Sadly not at the mo. Until 15 September 2006, I recommended the Union card which offered 0% fee-free balance transfers for 9 months. (I signed up for the charity version in April.) Unfortunately, Bank of Scotland have now rejigged the Ts & Cs and introduced handling charges.

If only a fee-free balance transfer will do (and I've managed to avoid handling charges myself until now), 6 months is the longest 0% promotion available.

In July I signed up with Bank of Ireland. The bank's Post Office card still offers fee-free 0% balance transfers for 6 months. What's more, unlike many of its competitors, the free balance transfers can be made for the entire 6 month promotional period. Every time you make a monthly payment, you can request another BT. This doesn't cost you a penny You get 0% on retail purchases for 6 months as well.

The Post Office card accepts balance transfers from all other UK credit cards and all lenders accept transfers from the PO.

Whereas most competitors insist on a margin of up to 10% in case of late payment, over limit fees etc, the Post Office allows customers to borrow right up to their credit limit.

For a straightforward, no-tricks deal, it's hard to beat IMO.

BikingBud

Post 157 Obviously contravenes the following from the board code of conduct:
"9.2.4 post or transmit chain letters or pyramid schemes"
how do we report it or get it removed?

Edited: Post 157 removed it now seems it's me that may be at fault!
Cheers Mods

Chadsman

Would it be unduly cynical of me to suggest those six email addresses are all his? :rolleyes:

System

Hi,

FYI, just tried on-line application for post-office Ccard with 0% balance transfer. Website gets stuck at final page and doesn't confirm if your application has gone thru. I called the customer service number (0845 607 6500) who admitted there is a problem with their website. Suggested I call back in 24-48 hours to see if it has gone thru or, if it hasn't, to apply on the phone at that time.

Best wishes

S

Moggles_2

Hi sdboyle

Welcome to MSE & the credit card board!

Thanks for your feedback. The secure part of the Post Office website doesn't work with my browser, so I applied for the card over the phone and was told my credit limit there and then. I would certainly recommend this route.

Very best
M

Bryn_2

Hi there,

nah wrote:

Looking at the application form for the Capital One Platinum MasterCard I can't seem to see any reference to the £100 spend 'catch' in the first three months?

I am sure when I looked before it was obvious, but now I can't see it. Has it been removed? or am I just missing it??

It is 0% until January 2008

No, seems they've changed their tactics. Be sure to download the full T&Cs of supply. There's an interesting section there on page on that reads:-

Total charge for credit:
At the time the agreement is made, is £123.63
Comprising interest in the sum of: £123.63

Which reads to me as if they are going to charge you £123.63 in interest, even if you don't make any balance transfers or purchases straightaway.

How does that work then? You incur interest on monies you haven't borrowed? *blinks*

I'm not sure about this one at all. Seems a bit tricky to me.

Any thoughts?

Cora

YorkshireBoy

Bryn wrote:

How does that work then?

Any thoughts?

Explained in this thread...

http://forums.moneysavingexpert.com/showthread.html?t=108138