replacing a balance transfer card

ophelia276

Hi there,

6 months ago, after the eligibility calculator told me I will not be eligible for a Lloyds Platinum balance transfer card (after I received an application form in the post), I looked for different balance transfer cards to shift my Vanquis card balance.

I applied for and received a Capital One card with 6 months 0% interest. This will expire on my next statement. I managed to shift half of my Vanquis balance to this card.
A month later I received another application form in the post for Lloyds Platinum card and decided to risk it and apply. I actually got accepted and managed to transfer the rest of my Vanquis balance to this card and closed my account with Vanquis. This has 0% interest on balance transfers for 3 years, so my priority to pay off was the Capital One card.

Unfortunately, due to personal circumstances, I did not manage to pay off all of the Capital One card and I would like to find a new card to transfer the balance to, so I can keep on not paying interest...
So far, all the eligibility calculators I have tried say I'm not eligible for any vaguely decent (and also some less decent) balance transfer cards....
(If it makes any difference, I am 2 days short of 6 months since I got accepted for Capital One and my credit report on "checkmyfile" won't be renewed for another few days either)
But - they also said I wasn't eligible for the Lloyds platinum card, that I did get accepted for.

Does anyone have much experience with this? Should I risk it again and try to apply for another card to replace it? Would it make any difference if I tried in a week's time after my credit report has renewed and the Capital One card is over 6 months old? Or should I wait until the Lloyds card is at least 6 months old..?
Any insight or advice would be much appreciated.

bigadaj

Waht is the standard rate on your capital one card?

I think you have two options, first is to wait u till you're over six months from capital one application, then apply, if unsuccessful wait another month and then try again.

If you don't apply until six months after the lloyds application then that might be safer but you'll presumably pay some interest, which of these options you take depends on your opinion on probabilities and is a bit of a gamble.

It may be that you just won't get a deal, in which case pay off the interest bearing balance as quickly as you can, if I were you I'd cut back on all non essential spending and hit it as hard as you can.