Unoffical Existing Customer Balance Transfers

TinkerbellToo

Thanks, had a look at it's 4% fee. But will the interest now be 0% or 27% when I pay back the £9k to card, I can't find the info on my account?

Moggles_2

TinkerbellToo wrote: »

Thanks, had a look and it's 4% fee

Thought so. That's a difference of £90 on a balance of £9000. If your caller couldn't even get that right, I wouldn't rely on anything else that was said, personally.

Will the interest now be 0% or 27% when I pay back the £9k to card? I can't find the info on my account?

Unless stated otherwise, your repayments would be allocated to the transactions charged at the lowest rate first, namely your 0% money transfer.

To take advantage of this offer, you would need to pay off the balance on your Virgin card first, IMO.

TinkerbellToo

Thanks very much Moggles, glad I kept the name and number of the person I spoke to. There is little point in me doing the transfer then as I can't clear the balance first and it's costing me 4% on top.

Moggles_2

TinkerbellToo wrote: »

Thanks very much Moggles, glad I kept the name and number of the person I spoke to. There is little point in me doing the transfer then, as I can't clear the balance first and it's costing me 4% on top.

Unfortunately, that's how it looks to me too.

You may want to call the loyalty dept on 0800 783 1116 (during office hours) to double check the above.

Also, see what they can do to reduce the interest rate you're charged. You've nothing to lose really and it could cut your costs considerably

TinkerbellToo

Moggles, you've been a great help, I really appreciate it, sometimes I can't see the wood for the trees.

mrbigd

Just got 5.94% from Halifax One with 3% BT Fee. Was going to pay 21.90% on current provider.

They also reduced my purchase rate by 5%, not that I will be using it now though!

Moggles_2

mrbigd wrote: »

Just got 5.94% from Halifax One with 3% BT Fee. Was going to pay 21.90% on current provider. They also reduced my purchase rate by 5%, not that I will be using it now though!

May I ask when your 5.94% APR expires?

mrbigd

Moggles wrote: »

May I ask when your 5.94% APR expires?

Sorry, Life of Balance transfer, otherwise not such a good deal!

Moggles_2

mrbigd wrote: »

Sorry, Life of Balance transfer, otherwise not such a good deal!

Congratulations
That's about as good as it gets with the Hally
:beer:

mrbigd

Moggles wrote: »

Congratulations
That's about as good as it gets with the Hally
:beer:

Yes very happy!