Lost all BT offers

almostthere1984

Hi all, I've got a few CCs with some fairly small balances, but recently used one that had interest free for 2 years to buy a car, worked out cheaper than finance, so used it to transfer 16k. I've got plenty of other cards with no balances, a barclaycard I never used with a credit limit of 18k etc. I always pay everything on-time, and try to pay off more than the minimum. However it seems since I borrowed the money for the car, all of my CCs took away the BT offers. I realise it's likely because of the big chunk of borrowing, but wondered (besides the obvious of paying it off) if there is any way to start getting offers again? Virgin still give me offers but I have balances on them. Most of my cards are coming close to the end of the interest free periods and getting a bit worried that I won't be able to shift them anywhere! 

ManyWays

Its unusual to be able to buy a car with a credit card. This may turn into very expensive car finance if you cant clear it by the end of two years and cant get any more 0% deals for your other debts. 
How many other cards do you have with balances at 0% and how large are those balances? 

almostthere1984

ManyWays said:

Its unusual to be able to buy a car with a credit card. This may turn into very expensive car finance if you cant clear it by the end of two years and cant get any more 0% deals for your other debts. 
How many other cards do you have with balances at 0% and how large are those balances? 

It was a money transfer, so didn't use the card itself. It worked out cheaper than the finance, a lot cheaper. We plan to sell the car after 2 years so this was the plan. I've got 3 other cards on 0%, balances between 2k - 5k. Up until this money transfer there was a new money/balance transfer every month, then made the payment for the card and they all vanished!

Phoenix72

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

almostthere1984

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

A bit of a mix, have 2 with Halifax and 2 with MBNA, and I know they are connected somehow. The car was bought on the MBNA one so I guess that makes sense. Barclaycard has a limit of 18k, never even used it but haven't got any offers. Have 2 with Virgin that I still get offers on, and 1 with M&S with a small balance.

Phoenix72

almostthere1984 said:

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

A bit of a mix, have 2 with Halifax and 2 with MBNA, and I know they are connected somehow. The car was bought on the MBNA one so I guess that makes sense. Barclaycard has a limit of 18k, never even used it but haven't got any offers. Have 2 with Virgin that I still get offers on, and 1 with M&S with a small balance.

Yep, both Halifax and MBNA are part of the Lloyds banking group.

Nasqueron

Phoenix72 said:

almostthere1984 said:

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

A bit of a mix, have 2 with Halifax and 2 with MBNA, and I know they are connected somehow. The car was bought on the MBNA one so I guess that makes sense. Barclaycard has a limit of 18k, never even used it but haven't got any offers. Have 2 with Virgin that I still get offers on, and 1 with M&S with a small balance.

Yep, both Halifax and MBNA are part of the Lloyds banking group.

They do (or did) allow transfers between them - I did Lloyds to Halifax just last year

Nasqueron

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

Available credit isn't automatically one thing or the other, CRAs say having more is good particularly if it lowers utilisation 

Phoenix72

Nasqueron said:

Phoenix72 said:

almostthere1984 said:

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

A bit of a mix, have 2 with Halifax and 2 with MBNA, and I know they are connected somehow. The car was bought on the MBNA one so I guess that makes sense. Barclaycard has a limit of 18k, never even used it but haven't got any offers. Have 2 with Virgin that I still get offers on, and 1 with M&S with a small balance.

Yep, both Halifax and MBNA are part of the Lloyds banking group.

They do (or did) allow transfers between them - I did Lloyds to Halifax just last year

Not sure how that's related to the question OP asked?

Nasqueron

Phoenix72 said:

Nasqueron said:

Phoenix72 said:

almostthere1984 said:

Phoenix72 said:

The fact you have used £16k of available credit has obviously spooked the other cards and there is no way of knowing if any transfer deals will be available in future.

That said if the other cards were that concerned they would be reducing your credit limits to stop you accumulating more debt, although that could still happen I guess.

Edit to ask are your other cards part of the same banking group you made the transfer from?

A bit of a mix, have 2 with Halifax and 2 with MBNA, and I know they are connected somehow. The car was bought on the MBNA one so I guess that makes sense. Barclaycard has a limit of 18k, never even used it but haven't got any offers. Have 2 with Virgin that I still get offers on, and 1 with M&S with a small balance.

Yep, both Halifax and MBNA are part of the Lloyds banking group.

They do (or did) allow transfers between them - I did Lloyds to Halifax just last year

Not sure how that's related to the question OP asked?

It's just so people are aware