Fee free MT cards?

edinburgher

Is there such a thing as a new customers 0% MT card, or is it only offered to existing customers as a promotional thing?

Thinking about getting back into stoozing as I tick all the boxes for straightforward applications (job history/homeowner/good 'score'/very low credit utilisation).

Basically trying to come up with a plan to turbo charge the process of getting started.

MallyGirl

not at moment. You would need to do a 2 step process via the no fee but not 0% MBNA or use a mule card and take your chances.

I haven't had a fee free MT offer for a while as an existing customer either

edinburgher

So MT using MBNA card, then no fee BT to 0% card asap?

Can you do this multiple times with same MBNA card to fill several BT cards?

molerat

edinburgher wrote: »

So MT using MBNA card, then no fee BT to 0% card asap?

Can you do this multiple times with same MBNA card to fill several BT cards?

Yes. I did it a couple of months ago and paid no interest to MBNA as the debit balance was not there long enough

edinburgher

molerat wrote: »

Yes. I did it a couple of months ago and paid no interest to MBNA as the debit balance was not there long enough

I take it weekdays are best for transfers to avoid delays?

TheShape

I did similar to molerat in March, making a total of £19k in Money Transfers and Balance Transfers. There were a few occasions where the balance was sat on my MBNA card accruing interest over weekends or while waiting for a new BT card to arrive. The total interest I paid was approximately £12, so equivalent to a fee of approx 0.06%.

DeterminedSingleMummy

I've only ever had 0% MT with a 1.9%... I am waiting patiently for a promo to come through to me.. lol

edinburgher

TheShape wrote: »

I did similar to molerat in March, making a total of £19k in Money Transfers and Balance Transfers. There were a few occasions where the balance was sat on my MBNA card accruing interest over weekends or while waiting for a new BT card to arrive. The total interest I paid was approximately £12, so equivalent to a fee of approx 0.06%.

Very nice, discussing with wife and we're considering trying the same for both of us come next week. Finding homes for the money will be no problem, we could use a wee boost to the coffers at the moment :beer:

molerat

Just had an e-mail from MBNA offering 4.9% pa MT with no fee till 31 May.

edinburgher

molerat wrote: »

Just had an e-mail from MBNA offering 4.9% pa MT with no fee till 31 May.

Cheers

I had a highly productive morning and was able to obtain £30k+ in available balance on no fee BT cards.

The best offer I got for the MBNA MT card was 0.5%, but perhaps I'll get this new offer sent to me once I've had a chance to activate the card etc.?

In any case, several of the cards offered cashback, so my total cost of borrowing @ 0.5% works out at something like 0.14%. I can live with that.