Barclaycard 0% new customer offer

scruffy

Hi
I've just received my new Barclaycard with a credit limit of £3500. It seemed to take for ever though, applied on line, they then sent forms for signing & half the details were incorrect so returned them after making alterations. Finally got the card about three weeks after initial application. Have now got to work out how to do the BT as I pay cards off every month. Will probably transfer to MBNA then withdraw cash to current account. :-/Or maybe to Marks & Spencer Personal Reserve & then write a cheque for the amount of the BT. :P

webmasterpolo

This 2% charge for BT - if you applied online/via phone martins artilce on the "best balance transfers" http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1080684075,39998, says you get the charge, but if you applied in a branch you get no charge.

I got the deal on the very last day online, as of yet l don't have any balances to transfer, but l may be creating one shortly to get it done before the 60 days limit is up.  

I wasn't aware of the 2% charge on online apps until now, l guess it will have to be a calculation to see which way is the cheaper option, even with this charge it still seems a good deal, but not as good as the branch deal  :(

scheming_gypsy

Hi.

Noticed the chat about mean credit limits from BC and just thought I would that I got my new card in the post today (after a bit of wait, about a month since I applied online) and it seems that I got someone nice at BC processing my application as I have been given a credit limit of £4700. I only wanted about £1300 as that is what I wanted to transfer for elsewhere so I have some to spare which is nice to know incase I need it.

Regards

Andrew.

I was a bit worried about my limit as well as i wanted to transfer off 2 card.
Not got the card yet but checked my other cards and both the totals i wanted have been BT'ed.... so that was nice..

Hanoijane

I received an amusing letter from Barclaycard today.
They offer me a pre approved £5,000 loan at 12.9% apr.

They are very misguided if they think I would take that up when I already have a £5,000 12 month balance transfer loan at 0% interest on my Barclaycard.

Spendless

We've just received our paperwork for barclaycard today,after applying on-line a few weeks ago.
Do I take it that they won't tell you what credit limit you've been given until you send paperwork back and then you have to wait for card to arrive?

Hanoijane

Yes that is my recollection.

My credit limit was larger than I expected after reading the fuss made elsewhere on the forum.

webmasterpolo

Got my card today, small limit though. My washing machine and power shower both broke over the weekend >:( so it looks like l now have something to put on the card at 0% ::)

jellyhead

i already have a barclaycard, it's a gold one (i asked for a graduate one) and they charge me something like 18.9% interest. they give me credit of more than 3 thousand, which worked well last time i did a balance transfer. marbles give me more than 2 thousand credit and my new texaco card gives me another 2. it's quite scary because i only earn 2 thousand a year!!!

the texaco offer is 3.9% for the life of the balance. for me it's not a bad offer because i don't have the credit rating to tart about getting new 0% cards every 6-9 months. there was no transfer fee so 3.9% (£6.49 a month on a 2 thousand debt) is what i'll pay for quite a few years until this balance is paid off. it can just sit there, i won't be spending on the card. it's cheaper than any of my overdrafts or credit cards and i have been turned down for 0% cards.

low initial credit limits are a problem, they stop you being able to take advantage of 0% transfers on any significant portion of your debt. this texaco card was great, giving me two thousand, and so did marbles a couple of years ago but the barclaycard limit has been slowly built up over 14 years, it's annopying when they give people piddling amounts as a credit limit, if they'd known they wouldn't have bothered applying for the card! the texaco card told me during the sign-up process online what my credit limit would be.

superclio

Martin,
if I already have £1180 at 0% for the life of the balance, and then also £3280 at 3.9% until April 05, is it worth me trying to transfer this amount out to move it back in at 2.9% for the life of the balance? Or will I then lose the 0% offer if I do this? I'm a little lost on this one.
Thanks for your help.