Unoffical Existing Customer Balance Transfers

Moggles_2

udydudy wrote: »

Anybody have any experience of whether Halifax negotiate the fee down?

You can negotiate a lower rate with some lenders, but Halifax is not one of them, IME. Follow-on offers are strictly by invitation only. Still, there's no harm in asking.

Was wondering whether the LOB deals are worth it... Will the interest charged to the account attract standard purchase rates?

No, if you've been offered a 'life-of-balance' transfer deal, the special low rate applies until the debt you've shifted is repaid in full.

Just remember to put all new spending on another credit card and you'll be fine

rajamuvva

I have 6000gbp on halifax credit card and now lloyds my bank offered a 12 month deal for 3% fee , can i transfer the balance from halifax to lloyds bank

Moggles_2

rajamuvva wrote: »

I have 6000gbp on Halifax credit card and now Lloyds my bank offered a 12 month deal for 3% fee. Can i transfer the balance from Halifax to LloydsTsb bank?

Absolutely.

Watch out for a minimum spend requirement though. (The bank is normally quite up front about this where applicable.)

rajamuvva

Thanks Mr. Moggles

but what is minimum spend requirement

Moggles_2

rajamuvva wrote: »

Thanks Mr. Moggles, but what is minimum spend requirement?

Is there a minimum spend requirement of £100? (LloydsTsB is normally quite up front about this.)

If so, to avoid interest on the £100 spend accruing once the 0% on purchases expires, you would need to pay off the balance, then request your balance transfer(s) within 6 weeks of account opening

mrbigd

Just got 5.94% with 3% fee from Halifax again!

bigstevex

mrbigd wrote: »

Just got 5.94% with 3% fee from Halifax again!

is that LOB? I've got 8K free on my halifax card and havent had anything off them lol!

mrbigd

bigstevex wrote: »

is that LOB? I've got 8K free on my halifax card and havent had anything off them lol!

Yes LOB, I phoned them and asked what offers they had for balance transfers.

udydudy

mrbigd wrote: »

Yes LOB, I phoned them and asked what offers they had for balance transfers.

They are also doing 4.94% LOB with 3% Fee. OH got a mailer a week or so back. Offer is valid until Jan. I believe there is a code on the letter somewhere.

Iand1

Hi All, About to cancel my Halifax card with a zero balance, got offered by retentions

0% for six months with a 3% handling

or

5.94% for life of balance with a 3% handling.

Tried to knock the handling charge but they would not budge!