how to get balance transfer for credit card limit

milo28

Hi

Can you help! I am trying to transfer my credit cards to 0% balance transfer. My problem is every time i apply the limit is much lower than i require! my current card is £4000 and i have another at £2000 but how do i get a 0% balance transfer for both amounts? is this not possible? thanks in advance

[Deleted User]

If no one's going to offer it to you, then it's not possible.

Accept the ones you've been offered and BT what you can.

Anthorn

milo28 wrote: »

Hi

Can you help! I am trying to transfer my credit cards to 0% balance transfer. My problem is every time i apply the limit is much lower than i require! my current card is £4000 and i have another at £2000 but how do i get a 0% balance transfer for both amounts? is this not possible? thanks in advance

Read the pre-contract information and T&Cs before you get the card: Some lenders only allow a percentage of the credit limit to be used for BTs and BTs are subject to approval. For example MBNA allow 95% of the credit limit for BTs.
https://www.mbna.co.uk/understanding-credit/understanding-transfers/balance-transfers/

MallyGirl

it depends on your own personal circumstances - income, outgoings, other debt, dependants, credit history, all sorts of things.
High limit (much more than £6k) BTs do exist but whether you would be offered one depends on the above.

Martin##_2-2

Hi Milo,


I had a similar question to you but couldn't find an answer so I just went for it and applied for the MBNA -up to 32 months, 0% interest, 0.64% fee- card. They allowed me to transfer £7,100 of my current £7,420 balance. I was pre-authorised (or whatever it's called) by completing the eligibility checker on the MSE site.


Hope this helps and you get your credit sorted