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help with a balance transfer

aee1985
aee1985 Posts: 1 Newbie
in Credit cards
hi
we have £3000 on credit card on 0% interest, this is running out shortly so I want to do a balance transfer and then pay off over time. From what I can see most 0% balnce transfer cards have a ctedit limit on £1,200. Does anyone know any that have a higher credit limit???

Comments

  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    The credit limit is determined based on how much the lender wants to lend to you. The £1,200 you're referring to is just a number they use to make it easy to explain interest rates, it's not the credit limit you'll get. You could get higher, lower, or a decline.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • MartinLewisMoneyShowitv1
    MartinLewisMoneyShowitv1 Posts: 10 Forumite
    aee1985 wrote: »
    hi
    we have £3000 on credit card on 0% interest, this is running out shortly so I want to do a balance transfer and then pay off over time. From what I can see most 0% balnce transfer cards have a ctedit limit on £1,200. Does anyone know any that have a higher credit limit???

    Hi

    How is your search for a balance transfer card coming along? We, at the Martin Lewis Money Show, would love to speak with you about it. Could you please contact us at itvmlshow@itv.com?

    Thanks,

    Mark
    Approved Journalist
    I’m a journalist. MSE has given permission for me to post asking for people to help with a feature I'm working on. You can see my name on the Companies/organisations/journalists with permission to post list. If you believe I've broken the Forum Rules please report it to forumteam@moneysavingexpert.com. This does NOT imply any form of approval of my individual posts or employer by MSE
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    MartinLewisMoneyShowitv1 wrote: »
    Hi

    How is your search for a balance transfer card coming along? We, at the Martin Lewis Money Show, would love to speak with you about it. Could you please contact us at itvmlshow@itv.com?

    Thanks,

    Mark

    This is all looking a bit like spam isn't it?
  • jellie
    jellie Posts: 884 Forumite
    Part of the Furniture 500 Posts Name Dropper
    bigadaj wrote: »
    This is all looking a bit like spam isn't it?


    Their signature suggests they're an approved journalist, their user name and email address that it is for Martin's own tv show?
  • thebritishbloke
    thebritishbloke Posts: 1,472 Forumite
    jellie wrote: »
    Their signature suggests they're an approved journalist, their user name and email address that it is for Martin's own tv show?

    Yes, but they're posting in every single thread and bumping up old threads constantly with their posts. It would be better sent as PM's.
    Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.

    ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.
  • lolabee_2
    lolabee_2 Posts: 2 Newbie
    I transfered a balance from 2 exisiting cards to a fluid credit card on the basis of 12 months 0%, I have just logged on to check my bill and they are charging me interest??? Have had the card since April. Can't find any info on the website detailing what I signed up for. Help required as this is not what I wanted. TIA
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    lolabee wrote: »
    I transfered a balance from 2 exisiting cards to a fluid credit card on the basis of 12 months 0%, I have just logged on to check my bill and they are charging me interest??? Have had the card since April. Can't find any info on the website detailing what I signed up for. Help required as this is not what I wanted. TIA

    Have you been maintaining minimum payments, if not then you'd lose the 0% deal.

    Ring them up and find out and see if they'll reinstate it.
This discussion has been closed.
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