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Balance Transfer Credit Limit Issue
rolit77
Posts: 4 Newbie
in Credit cards
Hi - new to site.
I have just used the balance transfer tool.
In the application I stated the balance to transfer was £3506.
It went through the checks, accepted the application and opened an account with Barclaycard.
Only then did it say that the credit limit was £260 so the transfer could not be done.
I now seem to have signed up to a credit card that is of no use to me.
Any suggestions welcome.
I have just used the balance transfer tool.
In the application I stated the balance to transfer was £3506.
It went through the checks, accepted the application and opened an account with Barclaycard.
Only then did it say that the credit limit was £260 so the transfer could not be done.
I now seem to have signed up to a credit card that is of no use to me.
Any suggestions welcome.
0
Comments
-
A card giving only a £260 limit suggests a very poor credit history, what card did you apply for ? You are free to cancel the card but you really need to look at your credit files.
Never associate with idiots on their own level, because, being an intelligent man, you'll try to deal with them on their level - and on their level they'll beat you every time.
Being hated by idiots is the price you pay for not being one of them.
Jean Cocteau 1889-1963
0 -
Transfer as much as you can to the Barclaycard. Probably around £250.0
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BARCLAYCARD* UP TO 38MTHS 0%, 1.45% FEE (18.9% INTEREST AFTER)
Credit rating is very good - bit of a mystery.0 -
Ignore the rating. What do your files show? Especially current debts, limits and income.0
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Was it a Barclaycard Initial rather than a Barclaycard?? HSBC and Tesco were doing 0% balance transfers.0
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