Balance transfer check?

faddy

Do any CC companies offering balance transfer cards use credit checking to find out whether you actually have a balance on another card to transfer (as opposed to using eg MBNA card with zero balance as a mule card)?

bengalknights

No they dont as its part of your credit limit your using

jonesMUFCforever

However if you don't have a balance to transfer to the card will be in credit and there will be a strong possibility that the monies will be returned - a waste of a transfer fee.

faddy

jonesMUFCforever wrote: »

However if you don't have a balance to transfer to the card will be in credit and there will be a strong possibility that the monies will be returned - a waste of a transfer fee.

I've checked that - twice, via secure messaging - with the intended mule card and they've confirmed that they'll pay out the credit balance thus created to a current account.:)

jonesMUFCforever

faddy wrote: »

I've checked that - twice, via secure messaging - with the intended mule card and they've confirmed that they'll pay out the credit balance thus created to a current account.:)

The proof is in the pudding - it won't be the telesales people that will decide if you proceed.

faddy

jonesMUFCforever wrote: »

The proof is in the pudding - it won't be the telesales people that will decide if you proceed.

Point taken, though they seemed pretty clear about it "We can confirm that if you put your card into credit we would not bounce the payment back. We would give you the option of where you wished us to send the credit balance to. We would be able to refund the money to a FlexAccount."

MABLE

faddy wrote: »

Point taken, though they seemed pretty clear about it "We can confirm that if you put your card into credit we would not bounce the payment back. We would give you the option of where you wished us to send the credit balance to. We would be able to refund the money to a FlexAccount."

I know Barclaycard take a very dim view of a card being in credit.

faddy

MABLE wrote: »

I know Barclaycard take a very dim view of a card being in credit.

Hmm Tip - Use Barclaycard for back-door Super Balance Transfer !

MABLE

faddy wrote: »

Hmm Tip - Use Barclaycard for back-door Super Balance Transfer !

Thats what I do.

faddy

MABLE wrote: »

Thats what I do.

So they take a dim view but they allow it?