Super balance transfer

Robinhood

Hi, Does anybody know what is the best card at the moment for a super balance transfer?

Thanks.

UnderPressure

Ha ha ha ha what do you call a "super" balance transfer lol ?

pinkarsenalprincess

UnderPressure wrote: »

Ha ha ha ha what do you call a "super" balance transfer lol ?

A super balance transfer is when you transfer money into a bank account from a credit card. What is so funny about that?!

UnderPressure

pinkarsenalprincess wrote: »

A super balance transfer is when you transfer money into a bank account from a credit card. What is so funny about that?!

ahhhhhh I did not know that

Thanks for enlightening me Does this still qualify as a cash advance attracting the same interest rates or is there generally a better rate applied?

dfh

Barklaycard are allowing you to do that at a 2.5 percent fee and at a rate of 6.9 percent for life.

pinkarsenalprincess

They are not a cash advance, they are a money transfer. There are only a few cards that do it and have 0% on the balance transfer for a certain period of time.

I have recently done one with MBNA, 0% for 14 months with a 1.9% transfer fee. Has effectively moved my overdraft onto the credit card so that HSBC can stop charging me £100+ a month

UnderPressure

pinkarsenalprincess wrote: »

They are not a cash advance, they are a money transfer. There are only a few cards that do it and have 0% on the balance transfer for a certain period of time.

I have recently done one with MBNA, 0% for 14 months with a 1.9% transfer fee. Has effectively moved my overdraft onto the credit card so that HSBC can stop charging me £100+ a month

That sounds like a very good idea, I have a terrible credit history at the moment due to a failed business so only have a Cap 1 card and a Vanquis card that would explain why I have not come across this lol :eek:

Robinhood

pinkarsenalprincess wrote: »

I have recently done one with MBNA, 0% for 14 months with a 1.9% transfer fee. Has effectively moved my overdraft onto the credit card so that HSBC can stop charging me £100+ a month

From looking at MSE I can see that MBNA and Virgin are both offering super balance transfers. Anybody got any idea which is best as their respective websites have very little info about it.

hillendale

Robinhood wrote: »

From looking at MSE I can see that MBNA and Virgin are both offering super balance transfers. Anybody got any idea which is best as their respective websites have very little info about it.

I'm also looking to do a SBT and already have a virgin C/C with a 0% offer
but looking at my account on line it looks like I can only do a standard balance transfer with a 2.98% ( no mention of the 4% fee for the SBT )

Robinhood

hillendale wrote: »

I'm also looking to do a SBT and already have a virgin C/C with a 0% offer
but looking at my account on line it looks like I can only do a standard balance transfer with a 2.98% ( no mention of the 4% fee for the SBT )

Just found this - The introductory rate for balance transfers and money transfers only applies to transactions made within 60 days of the account opening date.

chattychappy

Robinhood wrote: »

From looking at MSE I can see that MBNA and Virgin are both offering super balance transfers. Anybody got any idea which is best as their respective websites have very little info about it.

Virgin is issued by MBNA. The offers you get depend a bit on your circumstances. Often the problem for new applicants is getting a sufficiently high credit limit for what they want to do.