We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Maximum amount for balance transfer
CMP927
Posts: 2 Newbie
in Credit cards
I have a £9K debt repayable on Feb 28th.
Does anyone know what the max amount is that would be accepted for a 0% balance transfer?
My credit score is very good
Does anyone know what the max amount is that would be accepted for a 0% balance transfer?
My credit score is very good
0
Comments
-
Usually around 95% of whatever limit you get given.
What you get offered will depending on your credit history and risk, not your credit score.1 -
How much of the debt have you repaid to get it to £9k?
Depending on your salary and how many cards you already have you might struggle to get a new card with a high enough limit.0 -
If you got a 10k BT card then you could do a 9K transfer
If you got a 5k one then you would only be able to do a 4.5k transfer
Use the funds you put aside to pay off the BT at the end of the period, to pay off whatever you can't transfer onto a new card (which, in the current climate, might well be all of the 9k).0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards