credit cards hell

tomandjerry

Hi,

I have two credit cards. On one I have an outstanding value of £1211 and until Oct. 06 with 0% interest and on the other one over £6600 with 12.4% APR p.a. On both I pay only a minimum payment each month. What card do you recommend for best balance transfers (I read about Egg card but still not sure) and how can I escape 2% handling fee (on balance transfer)?

Many thanks,
taj.:(

grumbler

Balance Transfers > See a full list of credit cards which
offer 0% BTs without charging a fee

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

Check that the information is up-to-date.
For £6600 BT don't disregard cards with capped BT fee ...

tomandjerry

grumbler wrote:

Balance Transfers > See a full list of credit cards which
offer 0% BTs without charging a fee

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

Check that the information is up-to-date.
For £6600 BT don't disregard cards with capped BT fee ...

Thank you, could I ask the c.c. company to pay the money to my current acc.?:idea:

---lee---

Stoozing Recipe

A beginners guide to making tasty stooz pots.

Ingredients

1 x SBT capable credit card. SBT = Super Balance Transfer, meaning a card which is capable of paying money directly into a bank account. Egg Money is an excellent example of such a card.

Any 0% free balance transfer card. Charity cards from RBS, Post Office card etc.

Mule Method (serves one very nicely thank you)

1. Apply for your egg money card. Credit limit is immaterial. Don’t use the card.
2. Apply for a 0% card requesting that they transfer in a balance from your egg card – say 5k.
3. When the 5k balance appears on your egg card, it will be 5k in credit. Ask egg to transfer the 5k to your bank account.
4. Repeat steps 2-3 as required :j .

grumbler

tomandjerry wrote:

...could I ask the c.c. company to pay the money to my current acc.?

Generally speaking, no. However, there are excemptions. See Super BTs and Stoozing links in the blue box above and the cards marked with in the http://www.stoozing.com/0fees.htm list.

With £7K+ balances on you credit cards why do you need to pay money to your current account? To spend it and have even higher debt?