Unoffical Existing Customer Balance Transfers

jay87

Barclaycard are currently offering me 0% until February 2014 on an old egg barclaycard i've had with no balance for a few months! That's like 19 months as an existing customer?!

It is in the my offers section of my online account

Pretty good!

aliasojo

jay87 wrote: »

Barclaycard are currently offering me 0% until February 2014 on an old egg barclaycard i've had with no balance for a few months! That's like 19 months as an existing customer?!

It is in the my offers section of my online account

Pretty good!

Aaaarrrggghhhhh! Same here. Just used an MBNA offer, this one is better!

Iand1

Just got yet another Virgin (MBNA) offer of a year 0% with 3.5% fee on both my cards with them.

Does anyone get a 0% purchase offer from them anymore? I last had one about a year ago, I prefer those so there is no fee and I can just 'cycle' the money over using daily spending

thenudeone

thenudeone wrote: »

Regarding Barclaycard.

I have a platinum BC with zero balance for 5 months, and the best BT offer was 0% 6mths 2.9% fee.
I spent £70 last week and now the offer has changed to 0% til 1/4/13, 2.9% fee.

UPDATE:
Rang up two weeks ago but they wouldn't make any better offer.

But Latest website offer now is 0% BT for 12 months for 2.9% fee.

I rang up and asked to close the account. Eventually negotiated with the closure team to reduce the fee to 1.45% for 0% BT for 12 months on £4k (operator had to consult her manager first).

Good Result IMO

So it is certainly worth threatening closure (if you mean it) and haggling hard, if you want a good offer from Barclaycard.

Piotrf

Iand1 wrote: »

Just got yet another Virgin (MBNA) offer of a year 0% with 3.5% fee on both my cards with them.

Does anyone get a 0% purchase offer from them anymore? I last had one about a year ago, I prefer those so there is no fee and I can just 'cycle' the money over using daily spending

I have a Virgin on 0% which ends in December. From what I'm reading it sounds like it's possible to get a new 0% promotion on existing debt.
Would in theory be possible to do that after an existing 0% period (without interruption)? That sounds too good to be true, even if the offer is available to you.

Iand1

Piotrf wrote: »

I have a Virgin on 0% which ends in December. From what I'm reading it sounds like it's possible to get a new 0% promotion on existing debt.
Would in theory be possible to do that after an existing 0% period (without interruption)? That sounds too good to be true, even if the offer is available to you.

Yes, Have done it before. As long as you have the credit and the offer, because of the new postive repayment rules, the old debt gets paid off first!

thenudeone

Iand1 wrote: »

Yes, Have done it before. As long as you have the credit and the offer, because of the new postive repayment rules, the old debt gets paid off first!

No it doesn't.

The rules say higher rate balances must be paid off first.

But if two balances are both at 0% they can choose what to pay off first as long as its in the terms

see here https://forums.moneysavingexpert.com/discussion/comment/54917305#Comment_54917305 for an explanation.

Iand1

thenudeone wrote: »

No it doesn't.

The rules say higher rate balances must be paid off first.

But if two balances are both at 0% they can choose what to pay off first as long as its in the terms

see here https://forums.moneysavingexpert.com/discussion/comment/54917305#Comment_54917305 for an explanation.

I was talking about the Virgin card, as this is where my experience had came from, and as the question was about the Virgin card, that is why I said about the older debt being paid off first. :j
Good explaination on your post though!

BritAbroad

Has anyone been offered any decent balance transfer offers by Nationwide lately? I'm now trying to decide whether I should transfer a balance off it in order to be able to transfer onto it in a few months when another 0% deal expires, and take the hit on the fee in the meantime, or whether I should just pay it off now. If I transfer the balance off I could pay off my car loan.

~Chameleon~

BritAbroad wrote: »

Has anyone been offered any decent balance transfer offers by Nationwide lately? I'm now trying to decide whether I should transfer a balance off it in order to be able to transfer onto it in a few months when another 0% deal expires, and take the hit on the fee in the meantime, or whether I should just pay it off now. If I transfer the balance off I could pay off my car loan.

Nationwide don't offer 0% deals to existing customers.