Unoffical Existing Customer Balance Transfers

Ignatius_A

Can anyone tell me if barclaycard are still offering low LOB transfers to existing customers with empty balances?I need to clear 6k from an mbna with a 0% deal due to expire in June. I have a high enough credit limit on the barclaycard if I transfer what's there out to offers on other cards.Thanks

Credit_Demi-God

udydudy wrote: »

Best is call and clarify and note the date and name of the person u speak to. I would expect your previous bt would revert to standard rate and the new bt would be at 0%. but not sure as the way I understood MBNA worked was only once the BT period ended did the next BT period started. infact thats what the lady said in mid march when i called for new offers(my BT was ending end of march). She called back after my BT period ended with a new offer. She had mentioned that any BT i did at that time would end along with the old one and hence she would need to call me back.

but they did start a new purchase offer at 0%.

In the words of my old Ops Director (an American) "Doesn't get bedda 'an that".

Just called MBNA Customer Services and spoke to Nick who confirmed that actually, the entire debt was now due on 19 December. That will mean the initial £6k will have been 0% for 18 months (with a 3% fee) and the additional £10k at 0% for 9 months. Very happy. Very very happy. They don't do that normally - maybe an over exuberant sales guy originally but hey ho.

CDG

Spen08

RavingMad wrote: »

A month after I clear the balance on my MBNA card and they cold call me offering 0% for 9 months (3% fee)

I've had this too, do you think it's worth haggling to see if they will do this offer with a 2% fee?
Thanks

YorkshireBoy

Spen08 wrote: »

...do you think it's worth haggling to see if they will do this offer with a 2% fee?

No! You start at 'fee-free' and work up.

Spen08

YorkshireBoy wrote: »

No! You start at 'fee-free' and work up.

Lol, I've got a lot to learn!

udydudy

MBNA/Virgin are doing 1 yr 0% deals with 2.98% fee

Spen08

Spen08 wrote: »

I've had this too, do you think it's worth haggling to see if they will do this offer with a 2% fee?
Thanks

Hi, just called MBNA and they agreed to the 0% for 9 months at 2%

NickX

Spen08 wrote: »

Hi, just called MBNA and they agreed to the 0% for 9 months at 2%

Nice One :beer:

Always worth asking them - the worst that can happen is that they say NO.

Raymondo111

Like a previous member I also have an offer from Barclaycard for a LOB transfer but the rate is 6.9% but with no fees. Does anybody know if you are obliged to spend - This was one of their previous requirements but I can't see any mention of this in their T & C's.

I also think they have a cap on the amount you can transfer £5K I think but it depends on your credit limit.

Does anybody know if there are any restrictions on transferring balances from other card holders i.e wife?

Thanks.

Moggles_2

Raymondo111 wrote: »

Like a previous member, I also have an offer from Barclaycard for a LOB transfer but the rate is 6.9% with no fees. Does anybody know if you are obliged to spend? This was one of their previous requirements but I can't see any mention of this in their T & C's.

I have a 6.9% LOB offer from Barclaycard. There are no fees and there's no obligation to spend.

That said, it's not uncommon for lenders to offer various different deals at one and the same time. Irrespective of what anyone tells you here, it's your Ts & Cs which count

I also think they have a cap on the amount you can transfer £5K I think, but it depends on your credit limit.

I think you'll find all Barclaycard's BT offers are capped at £5k. If your credit limit is lower than £5k, you're restricted to 90% of that limit.