Unoffical Existing Customer Balance Transfers

JollyNolly

Can anyone help me out with this? I have a Halifax One card with a limit of £8000 that I originally got because of a good 0% deal. I'm currently using it as a spending card, paying off the balance every month.

However, I've just had an offer through the post of 5.9% LOB with a 3% fee, which looks reasonable to me, if not spectacular. The trouble is, as I'm part way through the month, I have a grand or so's worth of spending on the card.

Can I transfer the current balance out onto another card temporarily, then transfer it back under the conditions of the LOB deal? (I have a balance of about 2K on another card that I need to transfer as well).

Or should I look for a better deal altogether??

jinky67

I was offered 2.9% fom Barclaycard life of balance.Told them my 0% deals dont run out for at least 6 months said it would still be valid.
She gave me direct dial number too

NewbieMoneySaver**

Hello JollyNolly,

Yes to your question. I have personally done this about 4 months ago with one of my MBNA cards. I balance transfered for that same reason, just to get the new deal which MBNA are good for.

I would maybe ask a few more people though because it might just be MBNA that allow you to do it.

Hope it all works out for you.

:beer:

joe13

Just taken out a new Abbey Credit card with 0% offer and no balance transfer fee (this was a targeted offer). But they are also offering 5% cashback on supermarket shopping.

I should know the answer but can anyone confirm, having done the balance transfer I seem to recall that I should not use the card for purchases.
Is that correct?

udydudy

joe13 wrote: »

Just taken out a new Abbey Credit card with 0% offer and no balance transfer fee (this was a targeted offer). But they are also offering 5% cashback on supermarket shopping.

I should know the answer but can anyone confirm, having done the balance transfer I seem to recall that I should not use the card for purchases.
Is that correct?

You are correct. unless the card has 0% BT and purchases for teh same period.

avi_3

got 0% with 2.98% BT fee from virgin. Merry christmas

BikingBud

First Direct Current Offer for "Brand New Customers Only":
http://www.firstdirect.com/creditcards/gold_card.shtml
Summary:
0% on transfers for 12 mths; 4.9% on balance transfers for 5 (five) years, £100 min trans with 2.5% trans fee; spend £800 in first 2 mths and get 8 bottles of wine.

Do you read this as transfer £100 for 12 mths and pay £7.50 (int+trans fee) and spend up to credit limit for settlement at 12 mths?

BB

Edit: If that's the way you all read it I will probably press to test for existing customers.

derrekmay

avi wrote: »

got 0% with 2.98% BT fee from virgin. Merry christmas

Sorry for this newbie question but what does BT mean?

lucielocket_2

BT is short for balance transfer

Petmidget

Virgin (MBNA) seem to be keen still.

Card was only clear for 4 days and they called me. 0% for 9 months, 2% fee.

that is 3rd deal in 2 and bit years.