Transferring a loan to a 0% Credit card

grumbler

Nebulous2 said:

Alex9384 said:

All money transfer cards I know have a 4% fee and only 12 months of the 0% period.

Has anyone on here seen any better MT offer recently?

I had 4% fee and 24 months on money transfer on Halifax but that was in December 2021. Next month it reduced to 18 months and since then it's been just 12 months. Same with Tesco and Virgin.

A long-standing Barclaycard is currently offering me 18 months at 2.6%. 

PM the OP that you are happy to have their loan transferred to your Barclaycard.

That said, I see 3.5% for 14 months - slightly better than 4% for 12 - 0% money transfer cards

Alex9384

Nebulous2 said:

A long-standing Barclaycard is currently offering me 18 months at 2.6%. 

Thanks! 2.6% per 18 months that's less than 1.74% per year. Are you going to take advantage?

With savings rates currently above 4% on one year fixed bonds, I wouldn't think twice.

Alex9384

grumbler said:

That said, I see 3.5% for 14 months - slightly better than 4% for 12 - 0% money transfer cards

Oh finally! At least a bit better deal.

Too bad I'm not eligible for MBNA despite being eligible for all other CCs from Lloyds/Halifax and BoS.

Nebulous2

Alex9384 said:

Nebulous2 said:

A long-standing Barclaycard is currently offering me 18 months at 2.6%. 

Thanks! 2.6% per 18 months that's less than 1.74% per year. Are you going to take advantage?

With savings rates currently above 4% on one year fixed bonds, I wouldn't think twice.

I've been offered good deals from them for a long time, but I also get 0.5% cashback on all my expenditure.

I've been reluctant to take the MT, as I don't like to mix 0% deals and spending on the same card.