Balance transfer query!

edited 30 November -1 at 1:00AM in Credit Cards
5 replies 601 views
Gemm83Gemm83 Forumite
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edited 30 November -1 at 1:00AM in Credit Cards
Hi
My husband had 2 cards nearing the end of their 0% term. One with £2400 on (virgin) and one with £1500 (barclaycard). He wanted to put them both on one 0% card so applied for an M&S transfer. Put all details in an was accept with the transfer amounts.

Fast forward 2 weeks and after sigining his credit agreement the card turns up.....but it says he only has a £1500 limit.......can they do that as they agreed the amount at application stage??

Not too sure what to do now!!!

Thanks for advice!!

Replies

  • Willing2LearnWilling2Learn Forumite
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    Yes they can do that. You could ring them, asking politely if they can increase the limit. Or apply for a second B/T card for the Virgin one.
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Gemm83Gemm83 Forumite
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    Thank you. So dont close it and apply for another for the two. Just keep it and apply for another?
  • Willing2LearnWilling2Learn Forumite
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    Gemm83 wrote: »
    ... Just keep it and apply for another?
    Correct :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
  • Gemm83Gemm83 Forumite
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    Wonderful. Thankyou for your help. Much appreciated ��
  • DobbibillDobbibill Forumite, Board Guide
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    What is his credit limit with Barclaycard? They are known to offer existing customer deals. Does he have any promo dealas available?
    Credit limit permitted/offer available - move the Virgin balance to Barclaycard and move the Barclaycard balance to M&S ;)
    ETA - most of the balance from Barclaycard, he won't be able to move all £1500 if that is his limit as cards normally only allow 95% of the limit for a BT to leave room for the fee.
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