0% transfers drying up?

Capri84

Noticed recently that 0% transfers (for existing customers) have started to dry up. Barclaycard in particular has had zero offers for the last few years. 

Credit score is excellent - but I do have a few loans, wondered if the balance on these needs to reduce before offers appear again? Is that the sort of thing credit card companies can see?

CliveOfIndia

0% deals in general have become a little more thin on the ground in recent months than they used to be.

Your credit score is immaterial, but yes - a lender can see the balance on your loans (and the outstanding debt on any credit product you're carrying), and will factor this into their affordability algorithms.

Nasqueron

Capri84 said:

Noticed recently that 0% transfers (for existing customers) have started to dry up. Barclaycard in particular has had zero offers for the last few years. 

Credit score is excellent - but I do have a few loans, wondered if the balance on these needs to reduce before offers appear again? Is that the sort of thing credit card companies can see?

Ignore the fake credit score, as Clive eludes to, it's never seen by any lender nor does it play any part in lending decisions, only existing debts and credit history e.g. paying off other CC on time in full every month while maintaining the BT card with ideally > minimum payments.

When you say you have noticed they have dried up for existing customers, what are you basing that on? Your own personal experience only or anything more? I have a Barclaycard, I can do a transfer today at 3.3% fee to 1/10/25, no MT offer though. My Halifax card (empty) has a 12 month offer, 5% fee / 6.9% interest over 24 months with no fee both for MT and BT. Lloyds too has very similar - 15 months, BT 4.5% fee or same fee free deal or 5% fee 15 month MT. M&S currently not offering anything on my empty card though they only ever gave 9 month offers at the best of times and Santander weren't giving anything either but I shut that card last week

Nebulous2

I'm getting the best offers from Barclaycard that I've had for years. Currently 2 offers at 2.8%. MT until 1st October 2025 and BT until 1st Jan 2026. 

I'm not sure why, possibly because I opened a Barclays current account when they had their recent switching offer, so they have better sight of my finances than they had. 

th081

Capri84 said:

Noticed recently that 0% transfers (for existing customers) have started to dry up. Barclaycard in particular has had zero offers for the last few years. 

Credit score is excellent - but I do have a few loans, wondered if the balance on these needs to reduce before offers appear again? Is that the sort of thing credit card companies can see?

What cards do you have and do you have a balance on them?

Nasqueron

My BC offers rolled over, same deal 3.3% now to 1/11/25
Still nothing on M&S

Edit my NatWest one I checked just by chance and I have an offer 0% transfer fee offer on there but no end date, I guess maybe it will just be to the end of the existing deal

MEM62

I am still getting offers on a regular basis from Barclaycard and Virgin.  Halifax have even thrown a couple of offers at me recently.    

martinbainbridge1975

My existing customer offers seem decent at the moment, 15 months off mbna and 18 month transfer offer from hsbc.

In the past I have found in the past that lloyds / mbna and halifax are decent for existing customers. 4 months in with HSBC they have already offered 2 promotions after the initial BT period expired.