Unoffical Existing Customer Balance Transfers

ler01kjh

MBNA have just offered a 0% balance transfer of £17,765 for 9 months, but this comes with a fee of £300. What is the real rate of interest for me to see whether I should transfer it onto my mortgage?
P.S. I asked them to cap the fee, but they only reduced it by £55.

YorkshireBoy

ler01kjh wrote:

MBNA have just offered a 0% balance transfer of £17,765 for 9 months, but this comes with a fee of £300. What is the real rate of interest for me to see whether I should transfer it onto my mortgage?
P.S. I asked them to cap the fee, but they only reduced it by £55.

MIR x 100 / 78 for a basic rate tax-payer
MIR x 100 / 60 for a higher rate tax-payer

where MIR = mortgage interest rate.

You'll take a hit with the uncapped 2% BT fee, but should still see a reasonable return* due to £5 minimim payments and the 9 month duration.

* DYOR with the final number crunching. I'd suggest running the figures through the https://www.whatsthecost.com/stoozing.aspx calculator before committing to the deal.

poppy_f1

apologies if its been mentioned, but barlcaycard offered me as a existing customer tonight a 0% BT til Jan 07 with a 2% fee (i beleive)

richardw

dora37 wrote:

OH rang yesterday up to cancel his LloydsTSb Platinum card yesterday and was offered (when pushed) 0% BT for 6 months on his full credit limit (£15,000) and they would waive any fees.

I think this was 21.06.2006. Anybody had this BT offer recently?

littlejaffa

smartsaver wrote:

Just paid off 2nd 0% deal with MBNA mastercard. Called to see what deals were available and was told I could have another 6 months 0% with NO BT
Thanks MBNA :A

how did you get away with no BT fee? i've checked all their offers and can't see anything even similar?

fries

Hello all,

Today I contacted Barclaycard to see if they would do a BT for me and waive the fee. Bearing in mind I've been a customer for 11 years, they still said no. I then decided to close the account, after lots of questions why I got put on hold........ then, answer STILL NO!!!! So I closed the account.

Am a bit dissapointed, but hey ho

F

Verbatim

Has anyone managed to get any offers from Nat West CC?

I've had a card with them for years, using it as my main card and clearing the balance each month. Over the last 8 months or so I haven't used it at all and am wondering if I could get an offer if I ring to discuss closing the account.

Any one out there tried this?

CostCutter

Hi

Has anyone been offered anything for an Existing Customer deal on their HSBC card? I might keep it to try & do a BT in a couple of months if I can get a good deal if not I may as well cancel it.

Thanks.

britboi

I am an existing TESCO credit card holder (Mastercard) and have just received an invitation to transfer balances before 31st August and pay 0% for 6 months, subject to 2% fee capped at £50. Not bad eh?

schiff

britboi wrote:

I am an existing TESCO credit card holder (Mastercard) and have just received an invitation to transfer balances before 31st August and pay 0% for 6 months, subject to 2% fee capped at £50. Not bad eh?

Especially if you are BT'ing more than £2500!

schiff