Cannot Balance transfer from AA to Halifax

9 Posts

Hi all
Advice needed! I have just had a major problem with my AA card. I've had it for a few months and had transferred a balance on to it. I then decided to move the balance to another card as the minimum payment on AA is 2.5% (rather than the normal 1% ish). I got a Halifax card but when I came to transfer Halifax would not do it as they said they could not accept balance transfers from Bank of Ireland.
Any one else had this problem with these card or with others? Seems really strange to me and very annoying. I can appy for another card but I don't want to have the problem again and be stuck with the AA. :mad:
Advice needed! I have just had a major problem with my AA card. I've had it for a few months and had transferred a balance on to it. I then decided to move the balance to another card as the minimum payment on AA is 2.5% (rather than the normal 1% ish). I got a Halifax card but when I came to transfer Halifax would not do it as they said they could not accept balance transfers from Bank of Ireland.
Any one else had this problem with these card or with others? Seems really strange to me and very annoying. I can appy for another card but I don't want to have the problem again and be stuck with the AA. :mad:
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Is that what you are thinking?
http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs
Let's assume you owe £1k on the AA card and then apply for and receive the Virgin card with 0% on money transfers for 32 months with 1.69% fee.
You would pay £16.90 fee to transfer the funds from Virgin card to your bank account.
You would then use the funds in your bank account to make either a debit card payment to your AA card, or using their bank details, do an online bank transfer. Your AA card is now clear, close it.
You now owe £1,016.90 to Virgin which you have 32 months to clear. Virgin has a 1% repayment.
You can either leave it at that and pay off the Virgin card until it is clear, or you can move the balance to your new Halifax card. Personally I wouldn't bother as you will end up having to pay another balance transfer fee at Halifax's end and also their longest 0% BT card is for 39 months, only 7 months longer than Virgin. Assuming that is the card you even applied for/received that is. You may have got the 32 months, or 24 months.
I don't want to pay any fees though, that's why i was looking at the mbna card as it is has no fee. but once I have the dept on there i would have to BT it of straight away to advoid paying the 7.5% interest. do you think that is do-able?
Yes your plan will work. Once the debt is showing on the MBNA card you could definitely use your Halifax card to transfer the balance over to avoid paying the 7.5% interest.
I sense a stoozing opportunity
Aren't MBNA noted for not minding accounts being put in credit?
It had nothing to do with bank of Ireland.
Looks like you have sorted it with transferring to MBNA.
Save 12k in 2022 #18 Total (£5000) £750.00/£5000 = 15.00%
Sealed Pot Challenge ~ 15 #24 Total (£115) £50.00/£500 = 10.00%
Xmas 2022 £1 a Day #13 Total (£246) £25.00/£365 = 6.84%
Virtual Sealed Pot #1 Total (£500) £300.00/£500 = 60.00%
£2 Savers Club 2022 #8 Total (£4.00) £10.00/£300 = 3.33%
OP has only had their card a very short time so, just like my recently acquired AA card, it's issued by BOI.
https://www.theaa.com/credit-card/index.jsp
"AA Financial Services Limited (AAFS) acts as a credit intermediary and introduces customers to Bank of Ireland (UK) plc only as its exclusive credit card issuer."