Barclays as a mule

Dibbler

Hi All,
Long time stoozer, not much of a poster :-)

Current stooze pot is 30k against my offset mortgage which is now saving me 60-70 in interest each month - over 2k since this mortgage started.

I haven't been using BT cards via a mule for a very long time (still missing Egg)... I've seen people do this with Virgin and MBNA on these boards recently though.

I closed my Virgin card a few months ago with a plan to re-apply in another few months (right now they don't want to know me). *But*I have a Barclays card that I use as a backup spending card when everything else is maxxed. Does anyone have any experience of using barclays to go into a +ve balance and if they will then transfer to a bank account?

Cheers,
Dibbler

Dibbler

Alternatively, I also have a post office card - anyone tried them with a +ve balance?

mrs_T

Have successfully done this with Barclaycard a few times but not for a few years. No problems getting positive balances refunded via secure messaging.

TheBanker

Don't tell the bank you want to open a mule account. In banking, this term is used to describe accounts used to launder the proceeds of crime!

Dibbler

Cheers, I already have the Barclays card, was just looking for anyone that might have tried using it with a +ve balance.

savingholmes

Barclays sometimes do low fee money transfer offers.

Dibbler

Hi,
An update to close the thread - used Barclays as a mule just fine.

There was a slight issue with transferring the positive balance over to by bank account as the first of my bank accounts they tried wouldn't work for some reason. I tried with a second account (same phone call) and all went well. BUT... for my 'inconvenience' they gave me £25. :-)

5557223

I will be trying this with my BC... just to understand was your amounts in the hundreds or thousands?

Dibbler

Hi,
It was in the thousands - and they just did it again...

adindas

I have intention to redesignate (if possible) my Barclays platinum to Barclays Platinum Travel.

I am aware that Barclay Platinum could be used as a mule card. What about Is Barclays Platinum Travel could they also be used as a mule card in the same way with old Barclay Platinum ?

What are the advantages and disadvantages of doing this ?

Thanks