New Mint Offer

The_Eye_Of_Sauron

Just been offered (unsolicited) 0% on BTs until Nov 08 (no BT fee) then reverts to (currently) 17.95%

Or 3.9% for life of balance. No BT fee.

Looks too good to be true- or is it that the people who set the markets have sussed out that this time next year, interest rates will have moved south?

Megatimbo

Hello Eye of Sauron,me too, had this through the post this morning they went to paper heaven via my shredder
Mint are on my list to be Plascetomyed soon as i pay them off

Its part of my Credit crunch as Cap 1 are in my sights at the moment,i am working on being debt (credit) card free at the moment
So cant take em up on their offers.

Regards M

JollyNolly

Have they stated a credit limit? Or is this just one of those random mailings??

The_Eye_Of_Sauron

No- just up to your credit limit (which is £8.5k, and my balance is currently £3k)

JollyNolly

I'm certainly no expert on this, but haven't you got to be careful about transferring a balance onto a card on which you already have a balance? I mean, say you're paying 16% on your current balance, and then transfer another balance onto the card at 3.9% LOB, couldn't you end up waiting until your LOB was paid off before the higher interest balance could be paid?

Megatimbo

Hello JollyNolly,i`ve wondered about that sort of scenario as this would depend on the allocation of payments made to the card with the possibility of "trapping" the larger interest bearing portion.

The way around this of course (if you can shuffle) is transfer the existing balance to another card then transfer all of it back to the LOB card thus getting all of the debt at the lob rate

regards M

sniperpenguin

on the website there is a 2.5% fee?

Or is this for existing cardholders only?

rockrat

can u guys give a few more details (tel numbers, codes etc), as i am needing a BT fees free card right now to stooze from.

ta