Fee free MT cards?

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.
Mortgage Neutral Wannabe
Mortgage £211,712.80 vs LISA £307.11

Replies

  • MallyGirlMallyGirl Forumite, Senior Ambassador
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    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
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  • edinburgheredinburgher Forumite
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    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?
    Mortgage Neutral Wannabe
    Mortgage £211,712.80 vs LISA £307.11
  • moleratmolerat Forumite
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    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 ;)
  • edinburgheredinburgher Forumite
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    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?
    Mortgage Neutral Wannabe
    Mortgage £211,712.80 vs LISA £307.11
  • TheShapeTheShape Forumite
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    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%.
  • DeterminedSingleMummyDeterminedSingleMummy Forumite
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    I've only ever had 0% MT with a 1.9%... I am waiting patiently for a promo to come through to me.. lol
    Balance at start of mortgage Dec 2011 £87500
    1 Jan 2015 = £73,735 Overpayments = £3,360 (average £280 p/m)
    1 Jan 2016 = £66,558 Overpayments = £4,770 (average £397.50 p/m)
    1 Jan 2017 = £57,756 Overpayments so far Jan £0 Feb £550 Mar £3022 April £690 May £1513 total £5775
  • edinburgheredinburgher Forumite
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    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:
    Mortgage Neutral Wannabe
    Mortgage £211,712.80 vs LISA £307.11
  • edited 8 May 2017 at 2:37PM
    moleratmolerat Forumite
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    edited 8 May 2017 at 2:37PM
    Just had an e-mail from MBNA offering 4.9% pa MT with no fee till 31 May.
  • edinburgheredinburgher Forumite
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    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.
    Mortgage Neutral Wannabe
    Mortgage £211,712.80 vs LISA £307.11
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