We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Which company does a lob transfer quickest?

Jo4
Jo4 Posts: 6,852 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Credit cards
My friend wants to do a lob transfer but she is wondering which of the follwoing would do it the quickest, Mbna, Sainsburys or Tesco as these are the three recommended on this site?

Comments

  • Jo4
    Jo4 Posts: 6,852 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Does anyone know?
  • Tixy
    Tixy Posts: 31,455 Forumite
    They are all likely to take a similar amount of time to process a balance transfer.

    If the reason she wants it to be done quickly is because her payment is due on the current card then it would be advisable to make a payment as usual of at least the minimum payment.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 1 November 2013 at 4:19PM
    For LOB the interest rate and the amount are of the highest importance. It's beyond me why would anyone make saving a few days their main priority.
  • Jo4
    Jo4 Posts: 6,852 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    grumbler wrote: »
    For LOB the interest rate and the amount are of the highest importance. It's beyond me why would anyone make saving a few days their main priority.

    There isn't much difference in the lob transfer rate for the 3 cards and she thought there might be more people looking for a lob transfer when it is so close to Christmas.
  • Jo4
    Jo4 Posts: 6,852 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Tixy wrote: »
    They are all likely to take a similar amount of time to process a balance transfer.

    If the reason she wants it to be done quickly is because her payment is due on the current card then it would be advisable to make a payment as usual of at least the minimum payment.

    Her cards are at approximately 25% so she thought it would do not harm in getting a lob transfer!!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.6K Banking & Borrowing
  • 254.2K Reduce Debt & Boost Income
  • 455.1K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 603K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture