Best Balance Transfers Discussion Area

Moggles_2

kiwimel123 wrote: »

I understand the rule of never spend on your card after you balance transfer, but obviously on the odd occasion we will still need it for certain big purchases at times. What do you do with the old cards? Keep them or cancel them?

I would hang on to at least one, if not two, for shopping (one each). Whatever else you do, you'll need to keep BTs and purchases on separate cards

Moggles_2

amy66 wrote: »

Thanks for the info.

Welcome to MSE & the credit card board, amy66

May I draw your attention to the one touch "Thanks" button in the bottom right-hand corner of each posting (when you're logged in that is)?

Moggles_2

Jeannie_Gwenda wrote: »

There are two credit cards that I think it's best for balance transfers. The first one is the Chase Visa Platinum card, it offers 0% interest on balance transfers for 12 months ....

'Not sure what use an American credit card (issued by JP Morgan in the USA) would be to forum users here in the UK :rolleyes:

I suspect this spammer is just trying to advertise another site for personal gain

REPORTED

scoodies

I just wondered if anyone would be able to point me in the right direction please? I posted this on the credit rating forum by mistake....:rolleyes:

I have a credit card with Capital One and am wanting to transfer this balance to another company (Virgin.....0% for 15 months). The problem is, I think my credit score is 'Good' but I'm not sure if they would accept my application or not. Also, my outstanding balance is £6k......SO, if I am accepted, do I have to ask for a £6k limit or will they just turn me down flat??????????

Any advice would be gratefully appreciated!!

Moggles_2

scoodies wrote: »

I have a credit card with Capital One and am wanting to transfer this balance to another company (Virgin, 0% for 15 months). The problem is, I think my credit score is 'Good' but I'm not sure if they would accept my application or not.

Have you checked your credit reports lately to see what's on there? For help, see page 1 of the *How to obtain credit reports* sticky

For tips to improve your chances of credit card acceptance, have a look at the *Credit Rating: how it works and how to improve it guide*, especially Martin's *Manage and Improve your credit score* article

http://www.moneysavingexpert.com/banking/credit-rating-credit-score#improve

Also, my outstanding balance is £6k so, if I am accepted, do I have to ask for a £6k limit or will they just turn me down flat?

Judging from feedback here, you're more likely to get a generous credit limit with Virgin than some lenders I could name. That said, the decision rests with the lender. You cannot request a specified credit limit. None of us knows in advance the limit we'll be handed. The only way to find out for certain is to apply.

If the worst happens, Martin's advice is to transfer what you can. (See Martin's *Credit Card Limit: didn't get what you wanted?* article.) You'll still save money

http://www.moneysavingexpert.com/cards/bad-credit-rating

lauren17483

Hi everyone, i am a new contributor and would greatly appreciate any advice you may have. I transferred a balance to Virgin's 0% for 15 months card last year. Until about 2 minutes ago I didn't know about the 'no spending' on BT cards rule!!! It was christmas, i was poor and so I started spending on the card. Now, the money I pay off every month is not paying off what I intend it to - it is paying off the lowest interest purchases first!! So i am being stung and left with the higher % on my balances. What advice does anyone have? Should i get a new BT card and start again? next time keeping my BT and spending cards seperate :mad:

Moggles_2

lauren17483 wrote: »

I transferred a balance to Virgin's 0% for 15 months card last year. Until about 2 minutes ago I didn't know about the 'no spending' on BT cards rule! ... What advice does anyone have? Should I get a new BT card and start again, next time keeping my BT and spending cards separate?

Yes. Which card is best depends, to some extent, on which cards you have at the mo or have held recently.

webpros21

You can still apply for another company ....just be carefull not to apply more than 3 times in 60 days that might lower your credit score ...

Hope you get accepted this time

webpros21

Beside Bank of America and capital One is there another bank that has a 1.9% for more than 8 months , I want to pay off my other card n i m trying to find a better rate on BT ... Help please

Moggles_2

webpros21 wrote: »

Beside Bank of America and Capital One, is there another bank that has a 1.9% [BT fee] for more than 8 months?

No, I don't believe so.

For a comprehensive list of 0% balance transfer cards, updated regularly and not influenced by advertising commissions, the stoozing site (which is sponsored by Money Saving Expert) is hard to beat

http://www.stoozing.com/0fees.htm