Should I stick with Virgin?

LeoMac

Hi guys, be gentle this is my first time on here

I've given myself a kick up the proverbial and it's high time I change my credit card as every month I have just let my DD payments continue and they incur interest of about £50 a month when I'm only payng off about £45-£50 a month of the owed amount. My credit rating is classed as good courtesy of Experian (944) but i have in the past been turned down by other banks when i had bad credit issues. I am relectant to try and get turned down again and wait another 3 months or so so wondered is there a rule or advice that says you can't apply to Virgin to transfer the existing balance with my virgin card to another? thy have told me that I can't just transfer and that the money would have to sit somewhere - my bank account surely?? perhaps I am being too cautios but some advice would really help. cheers all!

grumbler

LeoMac wrote: »

...is there a rule or advice that says you can't apply to Virgin to transfer the existing balance with my virgin card to another?

Do you mean from one Virgin CC to another Virgin CC? No way - this is the same for all providers, not just Virgin.

thy have told me that I can't just transfer and that the money would have to sit somewhere - my bank account surely??

Yes, you have to make a money transfer to a current account, then to pay the other card off.