Barclaycard balance transfers

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Just started paying interest on a card that had slipped my mind...dont usually do credit anymore so this is the only one I have.

It's with Barclaycard, I have both Nationwide and Lloyds cards that have no balance on them.

Can I call them and haggle for a 0% transfer or would I need to look at another provider or a new application.

If so are the providers limited
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  • [Deleted User]
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    You can try calling your other cards. They may offer you something, although 0% is unlikely.

    If not, there's a number of 0% deals out there for those who qualify.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    More chance with Lloyds than Nationwide for offers I'd have thought.

    If you go elsewhere, your existing available credit (across the 3 cards you have) may mean you don't get sufficient limit for the transfer?
  • gogsboy
    gogsboy Posts: 527 Forumite
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    Perhaps hadnt thought of that, however in the past obtaining credit has never been an issue.

    I know things have tightened up over the years.

    The balance is around the £4k mark and I could pay it off but just thinking for sake of a percentage could just let it run on for a while continuing to pay the min payment

    Having Barclaycard does that restrict who you apply to, remember reading that many cards go under the same umberalla
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    edited 16 October 2013 at 12:07PM
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    gogsboy wrote: »
    The balance is around the £4k mark and I could pay it off but just thinking for sake of a percentage could just let it run on for a while continuing to pay the min payment
    Unless you're making more than circa 1.5% per month on the money you'd use for that, wouldn't that be a bit foolish?
    Having Barclaycard does that restrict who you apply to, remember reading that many cards go under the same umberalla
    Barclaycard don't underwrite a lot of other cards, certainly not many (if any?) mainstream 0% cards.
  • gogsboy
    gogsboy Posts: 527 Forumite
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    Whats foolish, I was looking to take the 4k balance...move it onto another card offering 0% and just keep making the basic payments required?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    gogsboy wrote: »
    Whats foolish, I was looking to take the 4k balance...move it onto another card offering 0% and just keep making the basic payments required?
    When you said "I could pay it off", I assumed you meant with your own money.

    You don't pay debt off by transferring it elsewhere...the debt still exists...you simply reduce the cost of servicing the debt.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    When you said "I could pay it off", I assumed you meant with your own money.

    You're so old school. Get with the times, Grandad! :)
  • gogsboy
    gogsboy Posts: 527 Forumite
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    When you said "I could pay it off", I assumed you meant with your own money.

    You don't pay debt off by transferring it elsewhere...the debt still exists...you simply reduce the cost of servicing the debt.

    The debt is being paid off at a rate of around £100 per month, if I dont have it on 0% then it wouldn't be getting paid off if subject to 16% APR

    However if I move it to another 0% and continue to pay £100 per month then the debt is being paid off, or am I missing something here.

    I did say I could pay it off and I could in full with no issues, however don't see the point for a small fee to move the debt and keep the cash at bank..less a monthly payment?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    gogsboy wrote: »
    ...don't see the point for a small fee to move the debt and keep the cash at bank..less a monthly payment?
    This calculator will tell you (in pure financial terms*) if that's the best move...

    http://www.stoozing.com/calculator/stoozcalc.php


    * There may be a secondary benefit (ie cashflow) to BTing the debt.
  • gogsboy
    gogsboy Posts: 527 Forumite
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    Anyone recommend a card to move to, one that is easy to set up as had enough dealing with incompetent energy companies this past few weeks
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