Longest 0% Balance Transfers

jazzconfused

Hi Everyone

I’ve got the following 3 credit card and would like to put them all in 1 account to ease payment. i am looking for a new balance transfer card with the longest payable months as i am paying up to £100 interest to MBNA cc alone.
I would be grateful for all the help I can get. Thank you.

capital one £2,400 interest rate 18.3 limit £2500

MBNA £6,166 interest rate 20.8 limit £10,300

barclaycard £5,500 interest rate20.8 limit £16000

Dobbibill

Have you checked existing customer offers with both MBNA & BC.

Your limits are a fair size and so you could bounce your balances around and get everything onto 0% if you have offers available.

If you still want a further card then try the checker.
https://creditcards.moneysavingexpert.com/?balance-transfer&_ga=1.59380397.1037682649.1480869123

cooltt

I'd say you're in a sticky situation with regards to successfuly applying for a prime card with a long introductory offer. Your credit availability to utilisation ratio isn't in your favour.

Plan B would be to move MBNA balance to BC then wait for 0% offer from MBNA and move as much of the balance back as posible. Pay down remainder on BC to 0 as quickly as possible. Then reassess situation.

Paully232000

cooltt wrote: »

I'd say you're in a sticky situation with regards to successfuly applying for a prime card with a long introductory offer. Your credit availability to utilisation ratio isn't in your favour.

Plan B would be to move MBNA balance to BC then wait for 0% offer from MBNA and move as much of the balance back as posible. Pay down remainder on BC to 0 as quickly as possible. Then reassess situation.

% utility is about 50% which is not brilliant, but not going to stop you from getting further credit if everything else financially is good, (not sure if you would get 14,000 worth of extra, but anything would be better that nothing).

cooltt

Paully232000 wrote: »

% utility is about 50% which is not brilliant, but not going to stop you from getting further credit if everything else financially is good, (not sure if you would get 14,000 worth of extra, but anything would be better that nothing).

Exactly what i said "not in your favour"!

"not sure if you would get 14000"? Not a hope in hell, hence my practical rely. jeez!

jazzconfused

Thank you for all your reply. really grateful or it.

atm i do not have any offers from barclaycard.

I do have a 0% balance offer from MBNA but i am afraid to transfer part of my barclaycard balance into it as I'm thinking i will be paying a lot of money for interest alone as it will be almost the max limit.

or can i trasnfer or if i plan to transfer my bc to mbna 0% would that mean i will be paying 0% for my bc balance transfer for x month. and i will continue paying the same interest for my present balance with mbna. if you get what i mean.

i also found that virgin is offering 30 months 0% balance transfer.
tesco and sainsbury doing a long rate balance transfer for life.

my experian credit report is 980

davieg11

Join MSE Credit Club and see if any credit cards are 100% approved with a 0% transfer offer. You could transfer £3000 from Barclay to Mbna and pay 0% on that £3000 for x amounts of months that Mbna are offering. You usually get 0% offers from Barclaycard when you have a low balance, if you do transfer Capital one over to it.

Dobbibill

yes, if you do a BT from BC to MBNA then you will pay interest on your existing balance and 0% on the BT (if that is what the offer is)....make sure you factor in any BT fee (normally a percentage of the balance you are transferring).

When your balance reduces with BC, I suspect an offer to come through shortly after, then do the same with your interest bearing MBNA balance.