What are your personalised credit card offers?

daivid

I've just had the offer or 20mth MT with a 3% fee or 21mth BT with 3.3% fee from Barclay card. I find it odd that (IMO) the money transfer is a better deal. The BT is of no interest as I can get much better with a new card, the MT I'd need a big limit increase to make it worthwhile.

Martico

Martico said:

I just jumped on a Virgin Money offer of an 18 month @ 0% money transfer with a 2.5% fee. The gain is not great for a 5,000 transfer (around £130 with my 3.8% easy access savings) but I'm thinking my savings rate might continue to rise, so why not lock it in now.  

The fee isn't yet on my Virgin balance, it shows 5,000 owing (instead of 5,125), and I now have 5,000 sitting in my savings account.
Does anyone know if they delay putting on the fee?
Shh, don't tell.

(Edit, one day later: the charge is on there now)

Alex9384

Nebulous2 said:

I've just had my new offers in from Barclaycard, and they have reduced timescales. 

BT 0% until 1/7/24 with a 3.7% fee and MT 0% until 1/4/24 with a 2.6% fee. 

Still reasonably keen, given what is on offer for instant access accounts. 

Wait, only 9 months for MT? Mine on Barclaycard is 15 months, but 3.8% fee (equals to 3.04% per year). Still worth it.

Alex9384

HillStreetBlues said:

Martico said:

They're still offering me a long timescale (to 1 Apr 2025) but 3.3% for BT and 3.0% for MT

BT same timescale but 3.1%  no MT

Halifax 6.9% for 24 months 0% fee both BT & MT

Nothing from Aqua  or Amex

Does Amex ever offer BT or MT? I've never heard of it.

My Halifax same 6.9% (up from 5.9% in June) for 24 months, as well as 15 months 0% for 3.5% fee.

Alex9384

Martico said:

I just jumped on a Virgin Money offer of an 18 month @ 0% money transfer with a 2.5% fee. The gain is not great for a 5,000 transfer (around £130 with my 3.8% easy access savings) but I'm thinking my savings rate might continue to rise, so why not lock it in now.  

Great offer. I've never seen them advertise MT for more than 12 months.
But why easy access? Why not put it in a fixed saver for 12 or 15 months for higher return?

Martico said:

They're still offering me a long timescale (to 1 Apr 2025) but 3.3% for BT and 3.0% for MT

Great offer as well. Are you going to take it? I think 21 months at 0% for MT at the moment is a no brainer. The fee is pretty low too. 3% for 21 months, that's just bellow 1.72% annually! Are you waiting till they pull the offer?

Martico

Easy access because I'm lazy and I do like the idea that it's accessible. The credit line brings my on-hand cash savings up to six months' living expenses, and I still end up on top. Plus they've had a decent track record of increasing their EA savings rate in recent months, so should go higher in H2 this year

Haven’t taken other offers yet as I'm still paying some 0%s down from a year ago and don't want to confuse matters too much, just seeing how I go for now

Alex9384

daivid said:

... the MT I'd need a big limit increase to make it worthwhile.

Have you tried? I just increased my Halifax limit from 15k to 18k.
Given my low-ish wage, I didn't expect it to go through... I could have tried 20k or more.

On the same day, I also increased Lloyds limit from 6600 to 9k.
I expected their system to say "We can't increase it that much but we can offer you XX instead" but they gave me what I asked for. Again, I could have tried more.

Over 16k already stoozed in savings from that Halifax card.

My Experian "credit score" went down 127 points this month and it doesn't even reflect this 16k debt yet, hahah. Once everything is updated and they find out I stoozed 30k, they will go nuts

daivid

Alex9384 said:

daivid said:

... the MT I'd need a big limit increase to make it worthwhile.

Have you tried?…

No, as per my thread about MT I have more lucrative avenues at the moment. I'd also like to close the Barclaycard in the next few months to open the possibility of a no fee 0% card from them when I next want to re-BT.

Like you I have found getting limit increases straightforward but have only done so with longstanding cards, the Barclay card is quite new and I would want to triple or quadruple the limit if I was to make good money from it…

MrFrugalFever

Alex9384 said:

daivid said:

... the MT I'd need a big limit increase to make it worthwhile.

Have you tried? I just increased my Halifax limit from 15k to 18k.
Given my low-ish wage, I didn't expect it to go through... I could have tried 20k or more.

On the same day, I also increased Lloyds limit from 6600 to 9k.
I expected their system to say "We can't increase it that much but we can offer you XX instead" but they gave me what I asked for. Again, I could have tried more.

Over 16k already stoozed in savings from that Halifax card.

My Experian "credit score" went down 127 points this month and it doesn't even reflect this 16k debt yet, hahah. Once everything is updated and they find out I stoozed 30k, they will go nuts

On a side note, I hope the money is in an EA account just incase the CC companies decide to lower your limit….

Compo23

Alex9384 said:

daivid said:

... the MT I'd need a big limit increase to make it worthwhile.

Have you tried? I just increased my Halifax limit from 15k to 18k.

Did you manage to do that online? When I tried to increase mine they said anything over £15k I need to speak to Underwriting.

Even when I had £25k across 2 cards and said I wanted £20k on one they said no unless I call Underwriting