Unoffical Existing Customer Balance Transfers

Susie_September

I took Martin's advice and transfered my credit balance from Egg to one with a lower rate, with the intention of transfering it back at 0% when the balance showed nil. I was just about to action this when I received an email from Egg telling me that all transfer balances were now 15.9%!!

martinpike

Susie_September wrote:

I took Martin's advice and transfered my credit balance from Egg to one with a lower rate, with the intention of transfering it back at 0% when the balance showed nil. I was just about to action this when I received an email from Egg telling me that all transfer balances were now 15.9%!!

Susie, if you follow the link in the email, it takes you to a page where at the bottom it reiterates the 0% BT's in the anniversary month.

It was a poorly worded email from Egg, perhaps hoping that people will assume the 0% deal has gone away and will just accept it?

martinpike

Just realised that I probably should have posted this - http://forums.moneysavingexpert.com/showthread.html?t=82100 - in this sticky thread...

Sorry.

frosty

FROSTY A few weeks ago I decided to apply for a sky credit card, the terms and conditions stated a BTF may be charged ,so I phoned them up and asked under what circumstances would it be charged ,they said during the 0% offer there would be no charge.,so I thought I would ring other credit card s up and I received the same response.... so maybe if we question the BTF we can get away without paying it.....its worth a try, just check in the terms & conditions for the may be charged.... hope this saves someone some money.

smiggers

Accucard offered me 4.9% for 6 months (just after a 0% for 6 months expired).

hannah_boyes_weston

neilgaynor wrote:

i have just been offered a capital one platinum card
with a 4.9% on balance transfer for life and 10.9%
on new purchases

Hi,
are you already a capital one card holder or a new customer.

Roblthomas64

I'm an existing customer of Lloyds/TSB advance and have a 12 months 0% which ends in October. I have been offered a 5.9% for the life of the balance, should I leave it there or seek out my next 0% offer. I do not use the card for any purchases.

liathach

just got this fantastic offer with my Barclaycard statement: tranfer a balance by 22 September 2005 to get 0% until November 2005 and pay Barclaycard a 2% handling fee for the priviledge. You don't get offers like that every day.

Suzz_2

liathach wrote:

just got this fantastic offer with my Barclaycard statement: tranfer a balance by 22 September 2005 to get 0% until November 2005 and pay Barclaycard a 2% handling fee for the priviledge. You don't get offers like that every day.

That sounds a good offer on the face of it.. but is it really. Is there a max. limit on the fee to pay?

If not, you pay 2% of your BT (lets say 5K), that would cost £100.
If you put that £5K in to savings at 5% (4% after tax) it will earn you just £50, based on 3 months.

I'm getting no luck at all at the moment on free/cheap BTs... I've got £14K on Virgin coming to the end of its 0%. I just tried Accucard, Barclaycard, Halifax & Goldfish. Best I could get was 4.9%.

I even cancelled my Accucard. I want to keep hold of the rest for now...
Looks like I'll have to pay off Virgin...

YorkshireBoy

liathach wrote:

just got this fantastic offer with my Barclaycard statement: tranfer a balance by 22 September 2005 to get 0% until November 2005 and pay Barclaycard a 2% handling fee for the priviledge. You don't get offers like that every day....

Suzz wrote:

That sounds a good offer on the face of it.. but is it really. Is there a max. limit on the fee to pay?

If not, you pay 2% of your BT (lets say 5K), that would cost £100.
If you put that £5K in to savings at 5% (4% after tax) it will earn you just £50, based on 3 months.

I think there was an element of sarcasm in liathach's post, ie a 5 week BT duration for a 2% no max handling fee!