Interest free

sbooth42

Hi l could do with some advice lm looking for a 0% interest free, balance transfer credit card that has more than £5,000 limit! I’m wanting to pay of my dept with another credit card company and they are charging way too much interest!! Is there one out there? 

[Deleted User]

There's loads.

You just need to be able to get one.

sbooth42

I’m having trouble, a lot of them are £1,200 limit though

[Deleted User]

None of them are £1,200 limit.

That's just the representative example.

2021BJ

sbooth42 said:

I’m having trouble, a lot of them are £1,200 limit though

£1200 is a representative limit, not the credit limit you're actually being offered.

cymruchris

Have you tried the eligibility checkers yet to see if you're likely to qualify for one?

binao

sbooth42 said:

Hi l could do with some advice lm looking for a 0% interest free, balance transfer credit card that has more than £5,000 limit! I’m wanting to pay of my dept with another credit card company and they are charging way too much interest!! Is there one out there? 

Sainsbury's Bank.

Got 2k for 21 months. Didn't do BT but it was available.

More than 5k debt may be rather restrictive. Much more?

As we  are going  through uncertain times, I would find 5k of CC debt  rather iffy.

CC charges and interest may well become individualised. We are in the computer age.   A day late and the ship starts  sinking.

Good luck

TadleyBaggie

In the last few years I have got 0% cards with MBNA (x2), Tesco, Virgin & Nationwide. The lowest credit limit was £5,700.

cymruchris

TadleyBaggie said:

In the last few years I have got 0% cards with MBNA (x2), Tesco, Virgin & Nationwide. The lowest credit limit was £5,700.

We're in a different time right now to the last few years though - credit isn't as easy to come by at the moment. Limits will also depend on a  large range of factors, such as existing debt, existing credit limits, repayment history, salary, residential status, electoral roll and lots lots more - so the OP may not be in a position to be offered high credit limits depending on their individual circumstances.

sbooth42

Thanks everyone but l don’t have the best credit score so lve been given very low credit limits. Is it bad to have lots of credit cards to pay it off? 

2021BJ

sbooth42 said:

Thanks everyone but l don’t have the best credit score so lve been given very low credit limits. Is it bad to have lots of credit cards to pay it off? 

Well, it's a headache.  But if you keep applying for cards you'll probably quite quickly find you're going to get declines.  If the limits being offered are low enough (not the £1200 representative limit that you think is a limit you're being offered) then you may find you're getting declines long before you get anywhere close to having enough to BT away your existing debt.