The Best Balance Transfers article discussion area

Phoenix79_2

Marks and Spencer &More is 3.9% for life with no fee.
http://www6.marksandspencer.com/pages/default.asp?PageId=home&Product=CC

Depends how long you want to pay off the card? There are a limited number of fee free 0% cards about but they only last for 6 months.

lucy7509

Hello

Does anyone know how long a late payment stays on your credit rating and more so what effect this has on the credit rating?

Thanks

Moggles_2

Hi lucy7509

Welcome to the credit card board!

This is not a best balance transfer question. Please post again on the main credit card board. You'll get lots of replies there.

ScotBoy

Looking at the previous post re M&S CC. My mortgage rate is around 6% so is it saving money for me to transfer my previous 0% BT to an M&S CC. i.e. are the interest rates comparable?

I overpay on my mortgage each month (I use the one account) and have circa £4.5k in a 0% running out in Jan. I don't really want to switch again in 6 months.

I was going to go for Barclaycard as I have a current account there, but I did not realise they treated the BT fee as a purchase - this make it a bad choice in my view.

Cheers

ScotBoy

Sarahsaver

I have an alliance and leicester card which ends its 0% in feb. I cant find acard which is not also owned by MBNA. I have done the equifax/moneysupermarket search which said my rating is 'fair' HELP! I need to transfer it cos it is 4k Its paying off a loan, not used for spends.

Phoenix79_2

Sarahsaver wrote:

I have an alliance and leicester card which ends its 0% in feb. I cant find acard which is not also owned by MBNA. I have done the equifax/moneysupermarket search which said my rating is 'fair' HELP! I need to transfer it cos it is 4k Its paying off a loan, not used for spends.

HSBC offering 0% BT until Jan 08....

They're not usually the harshest credit scorers....

happydude742

Sorry but I posted this on the wrong board earlier.

Not sure about what to do here.

Here goes.

I have £2400 on my current credit card, I want to transfer it to a new card with one of these 0% rates for 12 months if possible,I saw one for 3.9% until 2010 too which would suit, any ideas on the one to go for?

How do I do this, I am on incapacity benefit and total income is around £1000 per month, will this affect my application?

Does this offer mean I just pay say £50 per month and have no interest to pay for 12 months, (or 3.9% until 2010)...?

Really need some solid advice on this as my bill is due on Jan 4th 2007 and would like to transfer it before then.

Thank you.

happydude742

Moggles_2

Hi happydude742

I've answered this for you on the other board.

angleseypeter

angleseypeter wrote:

Thanks for your reply. I see that the Best No-fee BT list has already been amended! Ironic that the Smart card is also issued by Halifax!! I'll let you know how I get on.

P

Good news. Halifax/Marriott Rewards have refunded the 3% fee (£180) as a "goodwill payment".

I shall be more careful of T&Cs next time!

Thanks for your help.

P

Moggles_2

Congratulations, angelseypeter!

Thanks, once again, for your feedback, which alerts others.