BT Card questions

pardal51

Hi all,

I currently have a Nationwide 0% new purchase CC max'ed out and the deal expiring mid Nov-2015. Although I have the cash to clear the balance I am thinking of applying to another CC and shift the debt over. At the moment Tesco is offering 18mths 0% No fee.

Questions:

When applying, if they ask for balance to transfer, should I state the right amount or more (I believe I cannot "lie" about this).

How long before my existing deal expire should I apply for the Tesco (or any other) card? 6-8weeks?

Comments are appreciated.

YorkshireBoy

I've just successfully applied for the Tesco 18 month card. During the online application you're asked if you want to make a BT. If you say yes (via radio button), you're given your credit limit and max BT amount on the following page. The max BT allowed is 95% of your credit limit.


Re timing, I applied on Tuesday and I got my PIN Friday. Even though the BT hasn't yet completed, it looks like they're very quick off the mark.

MisterBaxter

Be careful with the Tesco BT card; there have been a few posts on it. The BT doesn't happen until after the card has been activated and some people have reported an issue with the BT figure going through twice forcing them over limit.

pardal51

YB, long time my friend....One of the stoozer masters :T

pardal51

MB, thanks for the info....I just hope that Tesco Bank can sort out this double BT issue with the other lender provider and amend ones credit file.......

pardal51

YorkshireBoy wrote: »

I've just successfully applied for the Tesco 18 month card. During the online application you're asked if you want to make a BT. If you say yes (via radio button), you're given your credit limit and max BT amount on the following page. The max BT allowed is 95% of your credit limit.


Re timing, I applied on Tuesday and I got my PIN Friday. Even though the BT hasn't yet completed, it looks like they're very quick off the mark.

YB, does it mean that if the credit limit is "no use" for you, yu can cancel the application process and hence not leave a search on your file????

YorkshireBoy

pardal51 wrote: »

YB, long time my friend....One of the stoozer masters :T

It's only a hobby these days pardal, although I've been fortunate to bag 4 fee-free deals (Santander, Halifax, Sainsbury's, & Tesco) since December last year. But long gone are the days of £80K+ stoozpots and £250 a month net income!

YorkshireBoy

pardal51 wrote: »

YB, does it mean that if the credit limit is "no use" for you, yu can cancel the application process and hence not leave a search on your file????

The search will have already been made. As far as I know Tesco do not do an eligibility (soft search) check first.


My limit was low this time (around £4K, compared with £8K last time), but I still took it and am muling through MBNA.

pardal51

YorkshireBoy wrote: »

The search will have already been made. As far as I know Tesco do not do an eligibility (soft search) check first.


My limit was low this time (around £4K, compared with £8K last time), but I still took it and am muling through MBNA.

Thanks for the reply YB.....I shall keep an eye and apply for Tesco or any other good BT card around Sept time.