Easiest place to get a new card?

Matt_S_4

I have an existing card with 15k on it following splitting up with my ex, and wanted to transfer it onto an 0% transfers card for 6 months, until I sell my house so I've got the money to pay it off in full, but have just been turned down by Virgin.

Anywhere else worth trying or am I stuck paying stupid amounts of interest until I sell the house?

Moggles_2

Hi Matt

Welcome to MSE & the credit card board!

Which credit card(s) do you have at the mo and, aside from Virgin, how many credit card applications have you made in the last 12 months?

Matt_S_4

Hi Moggles,

Its a Lloyds TSB American Express, and I've made just that one application

Thanks


Matt

Moggles_2

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. 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. You may have to get a move on though. This deal has been on offer since the card launched last January. Staff have warned that the terms & conditions will be rejigged next month.

For more suggestions, have a look at the *Best Balance Transfers* sticky above.

Obviously, the success of this approach depends upon getting a good credit limit. For tips to improve your chances, click on *Credit Rating* in the black box at the top of this board. Then select Martin's *Check and Improve your credit score* article near the top of the page.