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Looking for Anecdotal Advice - Balance Transfer Cards Credit Limits

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Was hoping people could share any recent balance transfer applications where the credit limit they were offered was north of £5-8k.

I'm looking to transfer around £8k from an existing credit card whose interest free period is due to end in December (but getting a jump on it due to the market).

My credit file is good, so I'm getting a large number of cards offered to me, but obviously no clue what the credit limit is likely to be. 

Comments

  • RBYHS
    RBYHS Posts: 122 Forumite
    Fourth Anniversary 100 Posts
    Santander, Lloyds, Halifax and MBNA show your likelihood of being approved and the credit limit. 

    Have you tried those?
  • MallyGirl
    MallyGirl Posts: 7,201 Senior Ambassador
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    The same answer as always - it depends.
    Barclaycard and Amex have both given me limits of nearly £20k, with Sainsbury's and MBNA not far behind, but the highest Tesco has ever gone is £6.8k. I am obviously not what Tesco particularly wants in a customer
    I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
    & Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
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  • noh
    noh Posts: 5,817 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 September 2022 at 1:57PM
    It depends.
    I have just applied and been accepted for Sainsburys and Tesco 0% low balance transfer fee cards.
    I didn't expect to get accepted as my current available credit is approaching 4 times my income although currently used is only around 5% of that available.
    Tesco gave me £4500 limit Sainsburys £5500.

    Edit.
     have just tried and got accepted for a Natwest 0% zero fee balance transfer card despite already having a card with them and having applied for two other cards within two days.
    The credit limit of £4900 was indicated before the hard search.

    If you don't get the limit you require apply for a second card from another provider providing of course you have no further need for credit in the next 6 months or so.

  • NatWest gave me the limit during application too but I was most of the way through already

    What you get is dependent on many factors so no-one could give you even approximate ideas but anything you get is better than nothing as it will allow you to transfer off some of it at least and use the money saved to pay off the other faster
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