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m&s Credit Card
justmumcookcleanertaxi
Posts: 54 Forumite
Hi. I have £7800 on a Capital One credit card 0% which is due to run out soon. I was thinking about applying for a M&S credit card to transfer some or all of this to the 3.9% LOB. I am asking if anybody has recently appiled for this and wether the credit limits are generally high. I have no other loans ect but I do have £2000 with Lloys LOB 5.9% and virgin £850 again o% but due to run our this month. Not sure wether I should be asking here or on the credit card forum so feel free to move if nes. Thanks again for your wonderful help. I would not have been in this dilema if it wasn't for this site I would have happily been paying 15%-19% interest:beer:
unneccesary spend challege £10 this week £4 petrol for day out
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Comments
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I applied for one recently expecting to be rejected, but they accepted me and gave me a £5000 limit on the 0% offer...I was in shock! I was relieved because I was able to put all the debt onto the one card at 0% though.
:ADebt 2007 £17k
Current Debt approx £7.5k
Target - to pay off all debts by 2020 :A0 -
justmumcookcleanertaxi,
I've just recieved my M&S &MORE card. Wanted to transfer £2900 from my Egg Card so was well happy when I got £5000 credit limit. I also have a £8000 loan, so was surprised to get the limit.
You have to pay a minimum 3% of your balance each month, but then you'll pay it off faster.
There's a really good thread about the card's limits on the CC forum. From what I can gather M&S money can give you a slightly higher credit limit if you need it and don't get it to start with.
Hope this helps.Lightbulb moment Sept 06.0 -
I got one recently too and got a £7000 limit! Transferred £7000 over at 3.9% LOB :jLBM: Nov 2004 Debt Apr06: £19,273.46 (Highest)
Debt 2006: Jul:£18,552.06|Aug:£17,615.14|Sep:£16,297.98|Oct:£15,961|Nov:£15,760.66|Dec:£13,204.37
Debt 2007: Jan:£13,183.71|Feb:£13,851.03|Mar:£13,349.15|April:£12,997.33 | May: £12,300.00 | June: £12,000 | July: £9,894.44 |Aug:£0
Debt Free Date: 31 August 2007
The £2 Coin Savers Club = £72
Reclaiming my bank charges - £105 reclaimed
My Diary: http://forums.moneysavingexpert.com/showthread.html?t=2305610 -
Thanks for your quick and again really helpful replies. Little job for tonight then, application for M&S. I will eventually be debtfree:A , with a little help from my friends;)unneccesary spend challege £10 this week £4 petrol for day out0
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I'm hoping to get my loan transfered onto an M&S &More card.....somehow! May have to do some juggling with 'mule' cards.0
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OH got one too but they only agreed to up his limit to £2.5k :dunno: He does have a fair amount of debt but not a bad credit rating so not certain why...
Hohum, that's £2.5k moved from 20+% apr card to 3.9% I think it is for LOB
everylittle counts DFW Nerd #025DFW no more! Officially debt free 2017 - now joining the MFW's!
My DFW Diary - blah- mildly funny stuff about my journey0
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