Best Balance Transfers Discussion Area

Moggles_2

wendydrury wrote: »

I was looking at Abbey Zero following Martin's advice on last weeks email link, but was a bit worried when I read this thread - especially as my husband had experience appalling service when he had a current account with Abbey.I have now found online details of a Santander Zero Credit card - shown as an alternative to Abbey Zero and offering 15mths 0% on BTs. Should I try to apply for this in an Abbey Branch or phone ? ( It's the same number for both credit cards )

If you decide to chance your arm, it's advisable to apply in branch. Online applications are still subject to long delays, apparently :rolleyes:

Alternatively, 13 months at 0% is currently available to new customers from Halifax on balance transfers made in the first 90 days. There's a 3% BT fee.
Minimum monthly payment is just 1% of the balance shifted

http://www.halifax.co.uk/creditcards/pluscard136.asp

SomeGeezer

1. I think the answer to this is "no" but can anyone confirm if applying for your credit reports 2 or 3 times in one year affects your rating?

2. If the answer is no, could somebody point me in the direction of credit card company who may accept a 6k Barclaycard BT from someone who has an average-good credit rating. In otherwords a lender who isn't as stringent as most. I don't mind a slightly higher apr%. I ask this because my rating is not fantastic.

Thanks in advance and apologies if this has been asked a million times before!

Moggles_2

SomeGeezer wrote: »

1. I think the answer to this is "no" but can anyone confirm if applying for your credit reports 2 or 3 times in one year affects your rating?

You can look at your credit reports as often as you like. This activity is not seen by lenders and has no effect on your credit rating.

Moggles_2

SomeGeezer wrote: »

Could somebody point me in the direction of a credit card company who may accept a 6k Barclaycard BT from someone who has an average-good credit rating. In other words a lender who isn't as stringent as most. I don't mind a slightly higher apr%. I ask this because my rating is not fantastic.

Which option is best depends, to some extent, on which cards - besides Barclaycard - you have at the mo or have held recently.

To maximise the 0% period, 16 months is currently available to new customers from Virgin. There's a 2.98% BT fee.

http://uk.virginmoney.com/credit-card-v3/

Alternatively, 13 months at 0% is currently available to new customers from Halifax on balance transfers made in the first 90 days. There's a 3% BT fee.
Minimum monthly payment is just 1% of the balance shifted

http://www.halifax.co.uk/creditcards/pluscard136.asp

SomeGeezer

Moggles, I've had the Barclaycard for about 4 years and have only once had a late payment. I also applied for and received a Vanquish card about a year ago. I bought something for about £100 and then ripped the card up and pay a little off each month in order to help with my credit rating. I don't have any other credit/store cards.

Aren't Virgin fronted by MBNA? If so, they had a bad experience with me with one of their cards. However, I did satisfy the debt and it was over 6 years ago. But still, I bet they keep records.

So I will give the Halifax option a bash I think. Then again I had bad history with BoS as a kid and that was satisfied as well over 6 years ago too! Fingers crossed!

Thank you.

Moggles_2

SomeGeezer wrote: »

I will give the Halifax option a bash I think. Then again I had a bad history with BoS as a kid and that was satisfied as well over 6 years ago too! Fingers crossed. Thank you.

I doubt whether card providers keep records of all their former customers since the year dot.

It's your payment history with all your creditors over the last 6 years that counts, with particular emphasis on the most recent 12 months.

Let us know how you get on

Very best
M

Moggles_2

hello23 wrote: »

Has anyone heard of this?

Yes, frequently :rolleyes:

http://news.bbc.co.uk/1/hi/business/8104811.stm

Please stop spamming this site. We're not impressed.

REPORTED

Librarylottie

Thanks for your reply. Unfortunately I already have a Halifax card - might consider checking if they'll give me a low rate for balance transfer if I'm turned down by Santander - or might close card so I can re-apply at a later date.

Moggles_2

wendydrury wrote: »

Unfortunately I already have a Halifax card - might consider checking if they'll give me a low rate for balance transfer if I'm turned down by Santander - or might close card so I can re-apply at a later date.

0% until 1 July 2010 is currently available to new customers from Egg
There's a 3% BT fee.

http://new.egg.com/visitor/0,,3_84106--View_1763,00.html

Librarylottie

Thanks again for replying, but I recently cancelled an Egg card and still have an Egg Money mastercard for cash back , so guess I wont be reaccepted for an Egg Visa Card for at least 12-18months?