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Balance transfers con or not?
mjohnsonuk
Posts: 6 Forumite
I have 2 credit cards both with £6k on each I pay more than the minimum on both and can afford the payments fine.
My credit card providers keep putting up my limit and I have put them back down recently mbna put the limit up to £13k but the interest free period is running out so I thought I would look around.
This is where I keep hitting the snag
When I apply or enquire about a new credit card and make it perfectly clear that I want to transfer my balance the providers still only give me a very low limit, thinking I had a good deal from another mbna card (20 months 0%) I applied (giving the details of my Barclay card as the transfer request) they have just emailed my confirming I have been successful for a £1000 limit card and it will be out in the post soon
It's is not what I wanted at all - but it's not just mbna I. Have enquired about a few and most say the limit will only be £1k-£1.5k
How can I shop around for a good deal if the banks aren't fair with swapping around
I have an excellent credit history/score and always make my payments on time
I wish they would set up a deal where the card I had was closed and the new one opened - I dont want 4,5 or even 6 cards with small balances on
My credit card providers keep putting up my limit and I have put them back down recently mbna put the limit up to £13k but the interest free period is running out so I thought I would look around.
This is where I keep hitting the snag
When I apply or enquire about a new credit card and make it perfectly clear that I want to transfer my balance the providers still only give me a very low limit, thinking I had a good deal from another mbna card (20 months 0%) I applied (giving the details of my Barclay card as the transfer request) they have just emailed my confirming I have been successful for a £1000 limit card and it will be out in the post soon
It's is not what I wanted at all - but it's not just mbna I. Have enquired about a few and most say the limit will only be £1k-£1.5k
How can I shop around for a good deal if the banks aren't fair with swapping around
I have an excellent credit history/score and always make my payments on time
I wish they would set up a deal where the card I had was closed and the new one opened - I dont want 4,5 or even 6 cards with small balances on
0
Comments
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Your existing credit availability would possibly be preventing you from getting more credit.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
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