Maximum Credit Limit Transfer

steveo1982

Hello all,

Looking to transfer balance from a Barclaycard to a 0% card with a long no interest period.

I owe £6000 on the card but last time I applied for a card they offered me £500 limit even though I wanted to transfer the lot.

I was looking at the Halifax card and I do have my mortgage with them so is it likely I would get the full transfer limit if I apply with them or not?

Thanks
Steve

[Deleted User]

Not particularly, if affordability is an issue.

steveo1982

Deleted_User wrote: »

Not particularly, if affordability is an issue.

I dont want to go through the hassle of applying only to find they would give me as much as I need to transfer the balance over. Am I best calling them as opposed to checking online to see what they can offer me?

[Deleted User]

No. You won't know until you apply.

If it's too much hassle, then leave it.

If not, apply, take whatever you're given and start saving some cold hard cash.

steveo1982

Deleted_User wrote: »

No. You won't know until you apply.

If it's too much hassle, then leave it.

If not, apply, take whatever you're given and start saving some cold hard cash.

I bank with RBS and while their card offers arent as good as Halifax would it be a better bet going with them for a larger credit limit?

[Deleted User]

If you think they will give you a higher limit, go for it.

steveo1982

No idea to be honest but all I am interested in is saving as much money and getting the card payed off as quickly as possible :-)

[Deleted User]

Well, if we're just shouting out names, I'd put MBNA above any of the ones you've mentioned.

But try an eligibility checker before you do.

steveo1982

I done the one for halifax and was 90% eligible but didnt list any sort of credit limit details. I used to have an MBNA card with no balance and closed the account early last year. I have just closed a Tesco Bank account as well for the same reasons as I heard it would eat up your available credit.

Halifax or RBS are really the options I have.

[Deleted User]

Why not MBNA?

lynz68

Nobody is going to tell you what limit you are going to get before you apply.

The highest limit I got was from Virgin who were part of MBNA at the time. That was £5500 but they have regularly increased the limit now sitting at £15000 not that I use anywhere near that.

It will come down to credit history and income.