Santander 0% BT no fee

YorkshireBoy

dk7 wrote: »

2. Just to clarify. When you say "just be sure that whatever you transfer doesn't create a debit balance" you mean after transferring the funds from my egg money card to my c/a, i ensure my egg money card has a positive balance? I presume if it goes into a negative balance they charge you a BT fee/cash advance fee?!

Because the Egg Money card is your main spending card you need to ensure that it's a purchase transaction, and not the BACS/BT transfer, that creates any negative balance on the account.

You need to ensure you take into account any planned spending and any purchases made but yet to be debited to the account when deciding on the size of the BACS/BT transfer...hence CJs suggestion to leave some of the stoozed funds on the card.

Clear?

dk7

YorkshireBoy wrote: »

Because the Egg Money card is your main spending card you need to ensure that it's a purchase transaction, and not the BACS/BT transfer, that creates any negative balance on the account.

You need to ensure you take into account any planned spending and any purchases made but yet to be debited to the account when deciding on the size of the BACS/BT transfer...hence CJs suggestion to leave some of the stoozed funds on the card.

Clear?

Got it. Thanks.

CannyJock

dk7 wrote: »

3. Unfortunately OH is non existent! A&L and santander c/a right?

1. Those will work as qualifying products

2. Think so - if your balance was £600 and you BT'd £4000 to your card, £600 is automatically allocated against your current balance. If you then ask them to transfer £4000 you'll only have £3600 available, so £400 of it will count as a money transfer or cash advance, incurring charges and higher rates of interest. Like YB says, you need to allow for spending not yet showing online in whatever you ask them to BT.

3. Those'll work - you can also get 3 x Halifax Reward cards for another £15 per month.

Karma4All

CannyJock wrote: »

you can also get 3 x Halifax Reward cards for another £15 per month.

Did they not put a stop to multiple accounts for new applicants?

CannyJock

Karma4All wrote: »

Did they not put a stop to multiple accounts for new applicants?

Haven't heard, but worth checking. You might be able to work around that by opening non-reward accounts and upgrading them once opened

jeferey

CannyJock wrote: »

Got the card in with £13k limit, so have made a top-up BT to max it out.

Interestingly, their systems let me BT 95% of the available credit, not 95% of the credit limit. Implies you could phone repeatedly and try and BT increasingly smaller amounts.

They did confirm that the 0% BT lasts for the full 12 months, so you can phone each month after they update at their side with your min payment and do another BT to keep the card maxed.

Expected stoozing profit about £780 from this card.

Cheers CJ, I can confirm this - I have just done my third additional bank transfer for no fee for 95% of my remaining credit. I do each one a day or two after my DD goes through. I've now got less than £10 of my credit limit left until next month when I can do it all over again . The first additional BT was the biggest as it was 95% of the 5% I couldn't BT initially. Subsequent ones have been just slightly more than my DD.

Cardinal-Red

Coming upto renewal time for my current credit card and so am considering this card due to the 0% fee.

The website only has the offer for 6 months - is this the new offer, or is there a 12 month offer available over the phone/in branch?

CannyJock

Fee free card has dropped to 6 months from what I can see http://www.stoozing.com/0fees.php

frivolous_fay

Applied for the santander card in branch yesterday. (Not Zero) I have a mortgage with them.
13 month 0% on BT, no fee. Got a £4100 limit on the spot.
I say on the spot... the whole process of application took over an hour.
I'm useless at bluffing so I ended up explaining what I planned to do with the BT (ie. my egg card only has £300 on it at the moment)
The advisor was quite amused (He was new)

11cas

frivolous_fay wrote: »

Applied for the santander card in branch yesterday. (Not Zero) I have a mortgage with them.
13 month 0% on BT, no fee. QUOTE]

Hi,

You mention there was no fee - I've just looked on the website and it states there is a 3% fee for the 13 month BT credit card. Do you pay no fee, because you have a mortgage with them?

Thanks