What are your personalised credit card offers?

Martico

This month's BC offer: 

0% interest until 1 April 2025 on all balance transfers
(2.9% transfer fee applies)

0% interest until 1 December 2024 on all money transfers

(3.0% transfer fee applies)

Nebulous2

Martico said:

This month's BC offer: 

0% interest until 1 April 2025 on all balance transfers
(2.9% transfer fee applies)

0% interest until 1 December 2024 on all money transfers

(3.0% transfer fee applies)

There used to be a Barclaycard thread where people compared offers. 

I've just had exactly the same as you. I thought 3% for a 20 month MT was good. Worth stoozing at current interest rates. 

I never take any of their offers, as my Barclaycard gives cashback and I put most of my spending through it. 

JGB1955

Barclaycard 
0% Balance Transfer, 15 months, 3.4% transfer fee
0% Money Transfer, 12 months, 2.6% transfer fee

Halifax
5.9% Balance and Money Transfer, 24 months, no fee.

Tesco
No offers

Martico

And now Virgin CC is offering stoozing options with their rates. Not taking for now, as I'm close to killing off the balance on the current 0% deal

For both balance transfer and money transfer they're offering 0% interest until June 2024 at a fee of 2.5%

Alex9384

Wow, those are pretty good offers for Barclaycard MT and Virgin MT.

WIth BC transfer of just 7000, you could make something over £250 net profit, at current savings rates for 18 months.

Alex9384

I also have a Barclaycard BT offer for 0% until 1 Apr 2025, 2.9% fee, but no MT offer. Seems like they don't want to give me a new MT offer since I took the last one. I kept spending on the card and then only paid off what I spent each month (the amount I spent was always just a bit above minimum payment amount), and they got scared and eventually reduced my credit limit, so my utilisation went over 90%. I stopped spending anything and just paid off the balance, but I still can't increase my limit back where it was, and no MT offers.

I have the same Lloyds and Halifax MT offers as everyone else - 5.9% for 24 months, and also 4% fee for 12 months at 0%, which is pretty poor compared to BC and Virgin offers mentioned above.

Alex9384

Nebulous2 said:

I never take any of their offers, as my Barclaycard gives cashback and I put most of my spending through it. 

I assume you have the same 0.25% cashback as I do.

Let's say you transfer £10,000 from Barclaycard to a fixed saver for 18 months. That's £300 one-off fee and then £679 earned in interest. Net profit £379 after 18 months while you could keep using another card with a cashback during that period.

To make the same £379 net profit form cashback, you need to spend a little over £8,400 per month on average, or just over 150k in 18 months. Spending the same amount on Chase debit would yield you a £1,500 cashback in 18 months (if they don't pull it, of course). I think even Amex would be better than BC.

Nebulous2

Alex9384 said:

Nebulous2 said:

I never take any of their offers, as my Barclaycard gives cashback and I put most of my spending through it. 

I assume you have the same 0.25% cashback as I do.

Let's say you transfer £10,000 from Barclaycard to a fixed saver for 18 months. That's £300 one-off fee and then £679 earned in interest. Net profit £379 after 18 months while you could keep using another card with a cashback during that period.

To make the same £379 net profit form cashback, you need to spend a little over £8,400 per month on average, or just over 150k in 18 months. Spending the same amount on Chase debit would yield you a £1,500 cashback in 18 months (if they don't pull it, of course). I think even Amex would be better than BC.

Thanks - when you put it like that it is very attractive. I have never calculated it, and I think this is the first time the offer has been that good. I am on a 0.5% Barclaycard, which hasn't been available for a long time, so I've been protective of it, but you're right I could transfer much of my spending to Chase.  

Martico

Of course, you'd have to pay down 3% of the BC balance every month, so keep some back for that

WYSPECIAL

MBNA 0% BT for 12 months fee 3.5% or 15 months for 4%. Money transfers for the same periods for 4% or 4,5% fee.

BoS 0% BT fee 3.5% or MT 4%.

Keep going in to check but Barclaycard haven’t offered me anything for a couple of years but increased credit limit.