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Barclaycard Balance Transfer help
Naf
Posts: 3,183 Forumite
in Credit cards
Ok, so I fear this may get me nowhere, but hey, I can ask huh?
Basically, my local credit union just went into liquidation, and so I am no longer tied into having to keep my savings balance with them at the same time as my loan. The FSA paid out savings without any offsetting against loans. While I would have accepted paying off my loan, it's at 12% compared to other of my credit cards at up to 49% so I figured clearing some of them instead. Having read about Barclaycard's existing customer offer a 6.9% for the life of the balance, I wanted to pay off a chunk of that one, then transfer some higher rates to it on that deal. But they can't confirm if I would be able to get it or not.
OK, so that much is fair enough; it's not a published offer after all. But they now also tell me that I'm not even guaranteed to be able to transfer a balance to them at my normal rate (still substantially lower than the others); I was hoping to pay it and chance if I could get the 6.9%, safe knowing I could still fall back on my normal rate if not.
Anyone had experience of this, or know how it actually works? If it comes to it I'll just have to pay off the other 3 cards directly.
Basically, my local credit union just went into liquidation, and so I am no longer tied into having to keep my savings balance with them at the same time as my loan. The FSA paid out savings without any offsetting against loans. While I would have accepted paying off my loan, it's at 12% compared to other of my credit cards at up to 49% so I figured clearing some of them instead. Having read about Barclaycard's existing customer offer a 6.9% for the life of the balance, I wanted to pay off a chunk of that one, then transfer some higher rates to it on that deal. But they can't confirm if I would be able to get it or not.
OK, so that much is fair enough; it's not a published offer after all. But they now also tell me that I'm not even guaranteed to be able to transfer a balance to them at my normal rate (still substantially lower than the others); I was hoping to pay it and chance if I could get the 6.9%, safe knowing I could still fall back on my normal rate if not.
Anyone had experience of this, or know how it actually works? If it comes to it I'll just have to pay off the other 3 cards directly.
Never argue with stupid people, they will drag you down to their level and then beat you with experience.
- Mark Twain
Arguing with idiots is like playing chess with a pigeon: no matter how good you are at chess, its just going to knock over the pieces and strut around like its victorious.
0
Comments
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Each lender will have its own criteria for lending to you.
If they consider you high risk they won't let you transfer at 6.9%0
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