Negotiating with RBS to extend 0% interest

Neill_B

Hi

Has anyone tried or does anyone if you can negotiate with RBS to extend a 0% interest rate on a credit card? Mine has just expired in mid September and I was wanting to use a credit card but dont have enough time to "tart around" for a new 0% interest card before I need to use a card for my purchase. Any information/advice is much apprenciated.

Cornucopia

Seems unlikely.

thebritishbloke

Doesn't hurt to ask, but it's unlikely.

grumbler

Neill_B wrote: »

... I was wanting to use a credit card but dont have enough time to "tart around" for a new 0% interest card before I need to use a card for my purchase. ...

That's exactly what they hoped for when setting up the trap by offering you 0% - that you can't pay the balance off when 0% expires.

As it's their business, not hobby, how likely is it that they release you from the trap?:think:

thebritishbloke

grumbler wrote: »

That's exactly what they hoped for when setting up the trap by offering you 0% - that you can't pay the balance off when 0% expires.

As it's their business, not hobby, how likely is it that they release you from the trap?:think:

I think you've misunderstood what OP meant. I think they wanted a 0% purchases card to make a new purchase.

redcard

thebritishbloke wrote: »

I think you've misunderstood what OP meant. I think they wanted a 0% purchases card to make a new purchase.

I think you've misunderstood. The Op already has a 0% card.

Bantex_2

Negotiation is a two way thing, what is in it for Nat West?

Tixy

Unlikely they'll agree to extend it.

You say you have left it too late to get a new card now but have you actually worked out the likely interest cost of your purchase, even if it takes you a couple of weeks for the balance transfer to go through (assuming you apply for a new 0% card today).

Is the interest really going to be a significant amount?

grumbler

femalemonarchfemalecanine wrote: »

it's not a "trap" you need to plan ahead is all

If all people, or even the majority, were able "to plan ahead", there wouldn't be so many 0% deals around.

Superheavy

Tixy wrote: »

Unlikely they'll agree to extend it.

You say you have left it too late to get a new card now but have you actually worked out the likely interest cost of your purchase, even if it takes you a couple of weeks for the balance transfer to go through (assuming you apply for a new 0% card today).

Is the interest really going to be a significant amount?

This seems like the most logical course of action. Let's say your current card has the limit you need to spend available, which you indicate that it would do. Therefore, apply for a balance transfer card today, assuming you get approved, you should receive your card and online card access within a week to ten days in most cases. Even if your statement date for the existing card is next week, you'll have plenty of time to get the balance transfer through before the payment due date for the existing card. There will be a small BT fee, but it's cheaper than the interest charged on the card if you let it roll over for the next few months.

The only situation where this doesn't work is if when you said "don't have time to tart around" means that you can't be bothered to do a little legwork. If that's the case, I see the odds of getting your existing 0% extended around the same as the interest rate you are looking for. I just don't see RBS having any reason to extend it.

SnowTiger

Hasn't RBS and Natwest stopped offering 0% deals?

This MSE article specifically mentions they've stopped offering them to new customers. I assume this meant that current deals would continue, as they have to, but no new 0% offers would be made to current customers.