Tip - Use Barclaycard for back-door Super Balance Transfer !

Jsscmm

YorkshireBoy wrote: »

Halifax
Sainsbury's
Tesco

Also lloyds and bank of Scotland have zero percentage fee cards.

Tsb has a 1% fee card, but the fee is returned to you if you have a classic plus account.

YorkshireBoy

Jsscmm wrote: »

Also lloyds and bank of Scotland have zero percentage fee cards.

Tsb has a 1% fee card, but the fee is returned to you if you have a classic plus account.

The Post Office card is another one. It initially charges a 2.98% fee but then refunds it within 90 days.

faddy

YorkshireBoy wrote: »

Barclaycard are not the only provider 'happy' to do this.

Do please share if you have a list.

mrs_T

YorkshireBoy wrote: »

The Post Office card is another one. It initially charges a 2.98% fee but then refunds it within 90 days.

PO credit limit was the lowest I've had, plus they only allow you to transfer credit limit less £200 not 95% as is usual.

[Deleted User]

Does the credit limit on the Barclaycard have any bearing on how much you might be able to transfer? e.g. BT £7000 from Tesco to Barclaycard when the Barclaycard limit is lower. Cheers

PS

Looking on my Barclaycard account there are fees to do a money transfer, confused?

https://dl.dropboxusercontent.com/u/7521506/money%20transfer.PNG

JimmyTheWig

jeepjunkie wrote: »

Does the credit limit on the Barclaycard have any bearing on how much you might be able to transfer? e.g. BT £7000 from Tesco to Barclaycard when the Barclaycard limit is lower. Cheers

Shouldn't make any difference. You're putting your Barclaycard into a positive balance. Credit limit shouldn't affect that.
It would be like having a £1,000 overdraft on your current account and paying in a cheque for £10,000.

Looking on my Barclaycard account there are fees to do a money transfer, confused?

You'd be doing a Balance Transfer from Tesco to Barclaycard. You'd pay Tesco a BT fee if they are going to charge you one.
You'd then contact Barclaycard and say you've ended up with a positive balance and can they give you the money. It's not really the same as a money transfer from Barclaycard.

[Deleted User]

JimmyTheWig wrote: »

Shouldn't make any difference. You're putting your Barclaycard into a positive balance. Credit limit shouldn't affect that.
It would be like having a £1,000 overdraft on your current account and paying in a cheque for £10,000.


You'd be doing a Balance Transfer from Tesco to Barclaycard. You'd pay Tesco a BT fee if they are going to charge you one.
You'd then contact Barclaycard and say you've ended up with a positive balance and can they give you the money. It's not really the same as a money transfer from Barclaycard.

Will post back how i get on

faddy

Couldn't transferring a fictitious balance be construed as obtaining a pecuniary advantage by deception, i.e. fraud?

mp3duck

faddy wrote: »

Couldn't transferring a fictitious balance be construed as obtaining a pecuniary advantage by deception, i.e. fraud?

I doubt it would get anywhere.. You could easily say you entered the wrong credit card number into transfer form by mistake.. temporarily mislaid card, but refereed to a list of credit card numbers written down.. got confused which card had a balance, etc etc..

[Deleted User]

Posting back as promised.

No issues at all, worked perfectly but wouldn't make a habit of asking them.

Goes off to apply for an MBNA card...

Cheers All