virgin balance transfer 9 August 2013 at 11:40AM in Stoozing: free cash from credit cards 8 replies 3.2K views

suzy_suzy_suzy

I have applied for a Halifax credit account purely to transfer the valance from my virgin card..I have received the Halifax card only to be told they dont do balance transfers from virgin!
I have a capital one card I use and clear each month.should I transfer the virgin to that then transfer that to the halifax???

MallyGirl

you will get hit with 2 lots of fees. Is it because both cards are actually operated by the same provider?

Gambler

Last night I applied for the LTSB 1.5% fee to try and transfer £10K from Virgin but LTSB only offered a credit limit of £6K.

Do other providers offer better limits?

MallyGirl

it usually depends on your circumstances/income etc.

[Deleted User]

Your not alone

Lloyds Not Accepting Virgin BThttp://forums.moneysavingexpert.com/showthread.php?t=4759834&highlight=virgin

Seems no one wants to BT from a Virgin Card.

jay78

I don't understand, I've recently transferred money from my Virgin (MBNA) CC to a Halifax card.

YorkshireBoy

jay78 wrote: »

I don't understand, I've recently transferred money from my Virgin (MBNA) CC to a Halifax card.

You're doing it the other way round.

If you've "transferred money" from Virgin to Halifax you've BT'd from Halifax to Virgin.

The OP, and others, are BTing from Virgin to Halifax (and LBG cards).

Unless you meant to say "balance transferred" from Virgin to Halifax"?

JimmyTheWig

Gambler wrote: »

Last night I applied for the LTSB 1.5% fee to try and transfer £10K from Virgin but LTSB only offered a credit limit of £6K.

Do other providers offer better limits?

As the fee is proportional to how much you transfer, you may as well transfer as much as you can to the LTSB card.
You've applied for it and the application will be on your credit file. So you may as well use it.
Then how quickly you can pay off the remainder will determine whether it is worth getting another card to transfer the remainder to or just pay it off.
Chances of getting a £10k limit on a new card after already being offered a £6k limit? Slim.
Changes of getting a £4k limit on a new card after already being offered a £6k limit? Much better.

Dirk_Gently_2

newbieboy wrote: »

Your not alone

Lloyds Not Accepting Virgin BThttp://forums.moneysavingexpert.com/showthread.php?t=4759834&highlight=virgin

Seems no one wants to BT from a Virgin Card.

I recently transferred a balance from Virgin (MBNA) to both Barclaycard and NatWest with no significant problems - the transfers weren't accepted on-line, but a call to both of them and they did them straight away.