virgin balance transfer

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???

Comments

  • MallyGirl
    MallyGirl Posts: 6,594 Senior Ambassador
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    you will get hit with 2 lots of fees. Is it because both cards are actually operated by the same provider?
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • Gambler
    Gambler Posts: 3,210 Forumite
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    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
    MallyGirl Posts: 6,594 Senior Ambassador
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    it usually depends on your circumstances/income etc.
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
    All views are my own and not the official line of MoneySavingExpert.
  • 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
    jay78 Posts: 376 Forumite
    I don't understand, I've recently transferred money from my Virgin (MBNA) CC to a Halifax card.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    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
    JimmyTheWig Posts: 12,199 Forumite
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    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.
  • 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.
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