Are MBNA balance transfer rates personalised?

Barkin

Chrysalis said:

The 24.66% you see is likely not an offer at all but simply the standard interest rate.

That was my first thought too. 

BDeluxe

daivid said:

Am I right to assume your Halifax card is more or less maxed out? If not, and you cannot beat it’s offer elsewhere then it seems like a no-brainer to transfer from MBNA to Halifax. If you don’t have space on the Halifax card you could ask for a limit increase, even if not enough to clear the whole MBNA balance anything you get off standard APR will be a saving.

I would echo the previous advice to check out the 'debt free wannabe' sub forum. From what you have said it sounds like if you can avoid the high APRs you are in a position to make meaningful inroads into the debt so it seems like you are at a critical point.

Halifax is near maxed out.

MBNA and Halifax are both LLoyds anyway so they won't allow a transfer, I have a 3rd NatWest card with no balance that I can use as a way of moving the balance off MBNA and back again (if there was a deal to be had) which I've already successfully done with Halifax. 

daivid

BDeluxe said:

daivid said:

Am I right to assume your Halifax card is more or less maxed out? If not, and you cannot beat it’s offer elsewhere then it seems like a no-brainer to transfer from MBNA to Halifax. If you don’t have space on the Halifax card you could ask for a limit increase, even if not enough to clear the whole MBNA balance anything you get off standard APR will be a saving.

I would echo the previous advice to check out the 'debt free wannabe' sub forum. From what you have said it sounds like if you can avoid the high APRs you are in a position to make meaningful inroads into the debt so it seems like you are at a critical point.

Halifax is near maxed out.

MBNA and Halifax are both LLoyds anyway so they won't allow a transfer, I have a 3rd NatWest card with no balance that I can use as a way of moving the balance off MBNA and back again (if there was a deal to be had) which I've already successfully done with Halifax. 

Have you tried to transfer between them? Whilst they do belong to the same group transfers between have been possible in the past and neither of mine explicitly state such transfers are not allowed. May save on fees if you can shift directly. Have you asked Halifax for a limit increase? You can request (up to a point) through the app, or I guess you could phone to ask how much of an increase is possible. My experience may differ, as my Halifax card is a longstanding pay in full spending card, but I've found them very open to increasing my limit and so far as I know there is no risk/penalty in asking.