Help

LNEWTON93

What is the highest amount I can BT to a 0% card?

bengal-stripe

LNEWTON93 wrote: »

What is the highest amount I can BT to a 0% card?

You send money from your BT card to the card with an outstanding balance. That amount pays-off your debt, either in full or partially.

Usually you can transfer 90 or 95% of your credit limit (leaving room for the transfer fee without exceeding your limit).

LNEWTON93

Thanks,

What is the max value 0% cards I can get in pound notes?

Nebulous2

LNEWTON93 wrote: »

Thanks,

What is the max value 0% cards I can get in pound notes?

It depends on how credit-worthy the credit card company thinks you are. I have had a credit card (now closed) with a limit over £20,000. I'm sure others here can substantially beat that.

eskbanker

LNEWTON93 wrote: »

What is the max value 0% cards I can get in pound notes?

As per previous post, nobody can tell, but you'll be subject to the usual paradox that the more you need it, the less likely you are to get it, i.e. if you already have substantial debt incurring interest then this will reduce your prospect of a decent-sized limit on a new card, not least because this is incremental credit on top of what you already have.

Try the eligibility checker at https://creditcards.moneysavingexpert.com/?balance-transfer and check what your credit files look like at https://www.moneysavingexpert.com/loans/check-free-credit-report

and/or post back with more details about what cards/limits/balances/APRs you currently have and people may be able to offer more specific advice....

LNEWTON93

I have one credit card with circa £3K on. The only other unsecured debt is a car loan.

My credit score is excellent.

BoGoF

LNEWTON93 wrote: »

My credit score is excellent.

According to who?

And please don't say your credit report 'score'

LNEWTON93

According to me, the credit reference agencies and mortgage lenders.

RG2015

Credit card eligibility checkers can predict the percentage likelihood of obtaining any particular credit card.

Is there any way of predicting the credit limit you will be offered?

LNEWTON93

All I want to know is, is 3K possible or are the offers say capped at 1250?

Kim_13

LNEWTON93 wrote: »

All I want to know is, is 3K possible or are the offers say capped at 1250?

You might get a guide from the card information - some say a credit limit if accepted of between x and y.

You may be asked on the application the minimum amount of credit that would be useful to you. If you state 3k and are accepted you should have 3k or more, but they may decline you rather than offer a lesser amount if they are not willing to offer 3k.

If you are paying interest on a balance and are offered any limit at 0% it's worth having, as the overall cost of your debt will likely decrease. It's just a question of weighing any transfer fee against the 0% period offered, the interest you'll save and when you'll be in a position to clear the balance.