Is this worth it Stoozing

BACKTOBACK

I have an offer from Barclaycard 2.9% balance transfer (which i can get as money through using the Halifax Clarity as a mule) this offer is for one year.
I have a large credit limit with Barclaycard (around 10k) 
With interest rates generally reducing. I could only expect to earn £450 maximum if i can get and keep 4.5% for the year.
The charges would be 2.9% of £10k = £290 ?

vacheron

A 3% fee for a 12 month transfer is pretty poor to be honest. I havent looked for a couple of months, but there were plenty of cards out there that would give 2 years+ for the same fee. I got 3 new 12 month cards about 4 months ago, all with 0% fees.  

Also remember that most cards will only allow you to transfer 90-95% of your credit limit, and a couple of weeks grace at either end while transferring could easily reduce your investment timeframe to 11 months rather than 12, so factor these into your calculations too. 

jay1804

If you think £160 profit over 12 months is worth it.

Nasqueron

You can get more than 4.5% interest as well - Santander Edge Saver is 6% AER provided you don't activate the account fee (don't move the direct debits) and that's up to £4000, 5% on £1500 in Nationwide Flex Direct, can get 4.75% as well for Atom Bank as a fixed saver

I'd echo the above though, 12 months is poor, I get 24 months from Barclays for 2.9% fee and had a HSBC one which was maybe 3.5% or something for 33 months

HillStreetBlues

Nasqueron said:

You can get more than 4.5% interest as well - Santander Edge Saver is 6% AER provided you don't activate the account fee (don't move the direct debits) and that's up to £4000, 5% on £1500 in Nationwide Flex Direct, can get 4.75% as well for Atom Bank as a fixed saver

I'd echo the above though, 12 months is poor, I get 24 months from Barclays for 2.9% fee and had a HSBC one which was maybe 3.5% or something for 33 months

I took the HSBC 33 months for 3.49% now it's dropped to 3.19%

EDIT OP if going for the above card remember the £35 cashback from TCB.

PixelPound

Nasqueron said:

You can get more than 4.5% interest as well - Santander Edge Saver is 6% AER provided you don't activate the account fee (don't move the direct debits) and that's up to £4000, 5% on £1500 in Nationwide Flex Direct, can get 4.75% as well for Atom Bank as a fixed saver

I'd echo the above though, 12 months is poor, I get 24 months from Barclays for 2.9% fee and had a HSBC one which was maybe 3.5% or something for 33 months

Maybe it's their existing card? I have a barclaycard that I initially got on a long term transfer, as that's ended I get regular emails offering similar but just for 12 months

Nasqueron

PixelPound said:

Nasqueron said:

You can get more than 4.5% interest as well - Santander Edge Saver is 6% AER provided you don't activate the account fee (don't move the direct debits) and that's up to £4000, 5% on £1500 in Nationwide Flex Direct, can get 4.75% as well for Atom Bank as a fixed saver

I'd echo the above though, 12 months is poor, I get 24 months from Barclays for 2.9% fee and had a HSBC one which was maybe 3.5% or something for 33 months

Maybe it's their existing card? I have a barclaycard that I initially got on a long term transfer, as that's ended I get regular emails offering similar but just for 12 months

That is what I have - hence I said I get that with Barclays (present tense) and got that with HSBC (i.e. when I got one in the past that was the initial offer)

Some are better than others with existing customers, my current offers, as a card holder:

NatWest 12 months BT with a 2.5% fee 
Barclays 24 months BT with a 2.9% fee or 21 months MT with a 3.5% fee
HSBC 9 months BT with a 3.9% fee
Tesco 9 months with a 4.99% fee 

Obviously only one of those is useful!