Best Balance Transfers Discussion Area

henrysprings

I have had just about every CC there is, I maxed out a 5K card and put the money in an isa, then just transfered the balance for free for years, I think its a bit tighter now though

BLT_2

Moggles wrote: »

Today, the Hally launched a new balance transfer deal, which offers 0% on BTs for 15 months. A 3% handling fee applies.


I would rather stick lighted matches between my toes than opt for a Halifax Credit Card :-) A few years ago I took one out, and through my own fault ramped it up to the max, However despite never missing a payment they upped the interest rate from a start point of 15.8% to a massive 27%, with my outstanding balance of 8.5k this would have meant an additional 88 pound per month in interest alone. Suffice to say that this has now been paid off and I have a Barclaycard with a 6.4% (and an outstanding balance of 900 pounds), furthermore Barclaycard ensure that you pay the interest plus a large part of the premium. Halifax are happy just to take the interest to keep you in the debt spiral and do appear to enjoy kicking a man when he is down, but I guess someone has to pay for their crappy advertisements telling you what a great bank they are :rotfl:

Watch out for wolves in sheeps clothing, the teeth haven't changed.

onemoreyear

Hiya all, I've finally decided to be proactive and look at learing my credit card but I'm looking for some help

I have a card with mbna which has an outstanding balance of £6400. It's the only card I have and is not in use

I'm looking to move this balance over to a 0% card and pay it off in 15 months.

To help this I have recently sold my car and have £4000 to put towards this goal

Sounds straight forward however, I am self employed and the econimic downtown has taken it's toll on my credit history i reckon(not verrified as I have no card to sign up for free accounts). I say this as I have missed several payments on my card and some standing orders on my bank account due to late payments into my account.

I am currently two payments behind on my card wich I can make as I have 4k in cash in my pocket - however i'm just wondering what my next move should be. I have spoken to my card company and they are not going to charge me any late payment fees.

I was looking at moving to a 15 month 0% santander card however, I am wary of getting rejected so looking for some advice first.

Ideally what I want to do is move the balance to a zero rated card and pay 160 a month til it's gone. That's the plan anyways

Thanks for taking the time to read this.

djg77

The loyalty card works for me most of the time. I phone up speak to an operator and say I'd like to know my exact balance as I'm transferring to another card, they soon offer a better interest rate to keep your business.

peepod

I have used www. creditcardsbest .co.uk they provide a card comparison between credit card providers. Very good!

jennieshrew

:eek:Virgin just offered me a balance transfer rate of 34.9%:eek:

black_taxi_2

is a money tranfer the same thing as a balance transfer?

trader007

Hi guys

I have been looking in to the virgin credit card with balance transfer option.. Look pretty good 2% transfer fee, upto 16months after that.

just woundered if anyone had any thoughts on this, I think it's very
competitive...

sabretoothtigger

black_taxi wrote: »

is a money tranfer the same thing as a balance transfer?

money transfer is a cash transfer to a bank account I think

YorkshireBoy

trader007 wrote: »

I have been looking in to the virgin credit card with balance transfer option.. Look pretty good 2% transfer fee, upto 16months after that.

Not sure where?

The long-running 16 month Virgin Money card has been replaced with a 14 month offering...and the BT fee is, as it's been for a good while now, 2.98%.

The Virgin Atlantic White card does have a 2% BT fee, but that only gets you 6 months 0% on BTs.