The Best Balance Transfers article discussion area

Phoenix79_2

tonyE1 wrote:

Hi
What it the max account limit people have been given on the low rate life long balance transfer accounts?
I have a rate of 6.9% on my Amex at the moment, but would like to try to cut it.

Sorry i'm not sure i understand the question?

M&S do a 3.9% life of balance rate if thats what you mean?

nozzy

I have a £4k debt on a O% deal with a credit card ultimately owned by MBNA.
It ends mid March.How soon should I apply for the Morgan Stanley Buy and Fly Card so I can transfer it ?
One worry is that a couple of weeks ago I was turned down for the HSBC card offering a similar deal, despite having a superb credit record and a good salary.

tonyE1

Phoenix79 wrote:

Sorry i'm not sure i understand the question?

M&S do a 3.9% life of balance rate if thats what you mean?

Oh, I meant is there a cap on how much they will give you on the account? Of course they are not going to publish this so I am not asking for a definitive figure and I know it depends on personal circumstances, but I am just interested what is the maximum that people have got. eg £5K, £10K, £20K.
Thanks

feisty_2

I just applied for this new card and got a great £8000 credit limit, I'm a happy bunny now I can tranfer most of my other debt
Application was online too. Its an MBNA card.

The_Thunder_Child

I cleared off the balance on my MBNA Platinum card, and left them to stew for a few weeks .....When the letters started to pile in offering this and that, I phoned them - lied to the about how much another card (who I had not even phoned!:D ) had offered....(2.9% for life) and mentioned who offered it (they always react better - maybe the competition) and asked them if they could better it.

They came back with 0% for 6 months with a £75 fee.....I pointed out that the fee was a little heavy and was there anything they could do - she went away and spoke to a supervisor?! (maybe just put me on hold) then came back and offered to offset the £75 by giving me 0% for 9 months.....:j

MBNA are the only card who are THIS competetive - My Beneficial Card does not really negotiate on the rate but will on the Fee and Barclaycard will negotiate but not as well as MBNA.....

lil-lou_3

Hi,

Wat is the best balance transfer credit card to apply for, for someone who has not got that best of a credit history, been trying now to improve my credit history and have cut my debts to £250. this is all I want to trasnfer but before I cut my debt in half, I did miss a few months payments due to moving house etc.

Thanks.

The_Thunder_Child

Careful not to try too many as they will all run a credit check on you and that in itself affects your score.
I Find MBNA as above best for negotiated transfers (although the fixed £75fee is a hardship)

I have only experienced Barclaycard, Beneficial(Not great negotiators) and MBNA, although I cannot remark on the credit score......

£250 debt....thems were the days

Phoenix79_2

Beneficial are sub prime lenders so aren't interested in offering good rates. MBNA as you say are the best for 'deals'

lil-lou_3

Thanks for your comments. I havnt yet applied for any cards. Got my current visa card interest cut, but still higher than I would like to be paying. Just dont want to apply for a card that I will most likely get turned down for.

thanks again

lotto-dreamer

Have just received an email from Paypal - wondering if anyone has applied for this one yet?


"Over indulged this Christmas?

The PayPal Credit Card now offers new customers 0% p.a. interest for 9 months on balance transfers (a 2.5% fee applies)* and, you still get 0% p.a. interest on purchases for 6 months*.

Apply online today for a standard rate of typical 12.9% APR (variable) with free Identity Theft Assistance and Internet Fraud Guarantee.

Learn more about the PayPal Credit Card*.

*A 2.5% fee applies. Credit subject to status and only available to UK residents aged 18 years and over. The PayPal Credit Card is issued by GE Capital Bank Ltd trading as GE Money. Registered in England 1456283. Registered office: 6 Agar St, London, WC2N 4HR "