Newbie stoozer needs help!

[Deleted User]

I am coming to the end of an interest free egg balance transfer but in the finest traditions of "card your normal cash purchases now at 0%, pay it later" techniques, I am faced with a situation where I will start to pay interest on the "purchases" element from 1 April, with the payment of interest on balance transfers due from 1 June. I have not paid interest for years now and would rather continue in a similar vein!! I was expecting to receive the usual avalanche of postal offers for "transfer your enormous debts to us for ages and we'll not charge you interest for - oh - a year and a half", that I used to get without fail, but strangely, none have arrived recently or fallen out of "The Scotsman" paper that I routinely used to receive. I am looking for a BT, and would gladly max out my current egg by doing a BT to my current account - then look to transfer my egg "debt" to a new Credit Card thus consolidating my SBTs and very small (supermarket) purchases to a new card.

Trouble is - I do not have a ready-delivered application form for a new CC - advice very much appreciated on the best CCs to apply for (possibly on-line and in any event without a form?) to accommodate a circa 10K BT. I have only recently cancelled an MBNA card so probably would not be accepted there. I have an "un-cancelled" Royal Bank of Scotland CC live at the moment (credit max limit £9,600 , Zero Balance) and have just cancelled a "UNISON" Bank of Scotland CC (Where I got £40 M&S vouchers for joining and now have a zero Balance) so - ditto. Are there any RBOS CC holders out there who have had any joy in a "daft laddie" approach - eg " I am looking to transfer a CC balance - I have a Capital One application ready to send but if you could do something it would save me the bother".

I am trying to spread the "Money Saving" creed far and wide - my copy of the book is now with my third colleague at work and they look to me for guidance - come on guys and gals - don't let me down!!!! I could pay off the Egg Card from my savings but that would defeat the whole purpose!! I want to keep on attacking the banking system for as long as possible - I know you can help me do it!!!

WR

Martinslovechild

Lucky for you, WildRover, that Citibank are offering 0% for 9 months fee-free with their Platinum Card.

Details available here.

You've recently had a HBOS Card, but you could consider the IF Card (9 months 0% fee-free) or Halifax One Card (9 months 0% fee-free). I had a Halifax card which I cancelled, then reapplied just 2 weeks later for another one offering another 9 months 0% and was approved!! You never know.

Good Luck.

zcaprd7

Hmm, you probably could have got an 'existing customer' balance transfer from your MBNA card (especially if you were threatening its closure) - ok they add a charge but that can be calculated into the APR they offer you (usually 0%) - and they do SBTs, and they only ask for £5 a month minimum payment (when on 0%), freeing up extra stoozing cash which helps to off-sets the inital one-off charge.

Maybe you could apply to another card run by MBNA (there are a few) as they were happy to give you the decent limit before, I don't see why they shouldn't again? And you 'should' avoid the fee on your first SBT.

Edit: another trick is that you can have more than one affiliated MBNA card (3 or 5?), and they allow you to shift credit limits around the cards e.g. you have an MBNA card with £10k limit and you get a new one with £5k limit, you can drop the old one to £100 limit and forget about it, and use £14,900 as the limit on the new one for the introductory balance transfer offer.

[Deleted User]

Cheers folks - I'll have a look at these !

WR