Best Balance Transfers Discussion Area

Moggles_2

Originally Posted by shaman
Currently have £800 owing on this card [HSBC] from a previous balance transfer. My 0% runs out in April and they have just offered me another 6 months at 7.9%. Was wondering whether to switch to another and incur fees or whether to wait a further 6 months on their low rate. Can anyone advise plz? Currently paying a minimum of £50 per month, sometimes more.THX

Which other credit cards do you have at the mo?

Sarahx

Hi there,

I think I have a very good credit rating, but have never had a credit card! (I'm 36 years old!) I just didn't want to go down that slippery slope.

I have Argos and Wallis cards (went for this slippery slope instead!) Total between them is £500.00. I want them cleared and would like to put them on a 0% balance transfer. Now these may seem like silly questions to you guys but this is what I'd like to know!!

Is 0% balance transfer just for credit cards?

Can someone talk me through the basics of how it would work. Do I give them the Argos + Wallis card details and they pay it off and I owe them or do I get the card, phone Wallis oand Argos, clear them and load it onto the 0% credit card?

Sorry these must seem like such silly questions, but I have only ever had these store cards, in-store 0% at currys (always cleared in time) and small loans. I want to be debt free now!

Sarahx

P.S. Thank you very much in advance of any help!!

Sarah x

realitybet

which compnay would be more likely (if any) to accept a £3500 transfer from HSBC? Do they except transfers for this amount? Good credit rating no defaults/CCJ's.

Sarahx

Sarahx wrote: »

Hi there,

I think I have a very good credit rating, but have never had a credit card! (I'm 36 years old!) I just didn't want to go down that slippery slope.

I have Argos and Wallis cards (went for this slippery slope instead!) Total between them is £500.00. I want them cleared and would like to put them on a 0% balance transfer. Now these may seem like silly questions to you guys but this is what I'd like to know!!

Is 0% balance transfer just for credit cards? :rolleyes:

Can someone talk me through the basics of how it would work. Do I give them the Argos + Wallis card details and they pay it off and I owe them or do I get the card, phone Wallis oand Argos, clear them and load it onto the 0% credit card? :rolleyes:

Sorry these must seem like such silly questions , but I have only ever had these store cards, in-store 0% at currys (always cleared in time) and small loans. I want to be debt free now!

Hi again, please can someone help me with this, because I'd really like to sort it today.

Many thanks in anticipation!

Sarah x :T

chuckie79

Sarahx wrote: »

Hi there,

I think I have a very good credit rating, but have never had a credit card! (I'm 36 years old!) I just didn't want to go down that slippery slope.

I have Argos and Wallis cards (went for this slippery slope instead!) Total between them is £500.00. I want them cleared and would like to put them on a 0% balance transfer. Now these may seem like silly questions to you guys but this is what I'd like to know!!

Is 0% balance transfer just for credit cards?

Can someone talk me through the basics of how it would work. Do I give them the Argos + Wallis card details and they pay it off and I owe them or do I get the card, phone Wallis oand Argos, clear them and load it onto the 0% credit card?

Sorry these must seem like such silly questions, but I have only ever had these store cards, in-store 0% at currys (always cleared in time) and small loans. I want to be debt free now!

I'm not up on store cards but when I've applied for credit cards in the past to move outstanding balances to I have been given the option to put the balance transfer details on the form. Then new CC company paid off previous balances Don't see why the same can't be done for your store cards.

Sarahx

Hi Chuckie 79,

Thank you for replying.

The reason I ask is because I don't know if a store card account number is the same as a c/card account number, eg: 16 digits.

Also, would I be able to get another 0% from elsewhere in june?

THank you

Sarah x

YorkshireBoy

Sarah,

I'm not familiar with the 'Wallis' card, but the Argos storecard does not have the standard 16-digit card number (does it have 17, 18 or 19?), and so cannot be transferred to a credit card directly.

You'll need to use a super balance transfer (SBT) card to transfer cash (at 0%) into your current account, from where you can settle the account(s).

Look at MBNA and MBNA run cards such as Virgin, A&L, etc. Also take a look at the Egg Card (Visa...NOT Egg Money). All of these offer 0% for 12-15 months on cash transfers to your current account (if done the right way), albeit with 2.9-3% BT fees attached.


http://www.moneysavingexpert.com/cards/stooze-cash-credit-cards

www.stoozing.com

Sarahx

Hi Yorkshire Boy,

Thank you for you help. 'Wallis' is womens clothing store, no shame in not knowing that as your name suffests you're a fella!!

Do you think I would also be able to get another 0% card in june as a 0% Currys loan ends then (I may have it paid off by then as it's £500, but just incase)?!

Thannk you

Sarah x

Moggles_2

Originally Posted by sarahX
I think I have a very good credit rating, but have never had a credit card! I'm 36 years old!

For tips to improve your chances of acceptance, have a look at the *Credit Rating* articles on the main site, especially Martin's *Manage and Improve your credit score* article.