Best Balance Transfers Discussion Area

Moggles_2

steve1912 wrote: »

Has anyone got an ICICI Credit Card? This is my last opportunity to transfer a balance without a fee (already used Ulster Bank and Capital One). It's only a 3 month 0% offer, it's an Indian bank that doesn't adhere to the UK banking code and there seems to be a lot of complaints about its customer service (mainly savings related). Any bad experiences credit card wise?

I have no experience of this lender personally, but some MSEs have reported extreme inefficiency in processing applications and a balance transfer (minimum 6 weeks, sometimes longer) Many have encountered difficulties transferring the remaining balance to another
card as well.

Have you considered credit cards with capped fees? This would save you money on balances of £2500 plus.

Currently, the longest 0% period available is 6 months. The Virgin Atlantic, John Lewis and Debenhams cards offer 0% BTs for 6 months, fees capped at £50

King_Weasel

Any point in applying for a Virgin Atlantic card when I already have a Virgin card? I'm not talking about BT's between the two.

funky04

Is a 6 month 0% bt with £50 capped fee worth it? is it not better to go for a 12 month bt with higher fee?

Moggles_2

funky04 wrote: »

Is a 6 month 0% bt with £50 capped fee worth it? is it not better to go for a 12 month bt with higher fee?

Depends on the size of the balance shifted. With most BT fees in the 2.5-3% range, it's probably not worth the trouble for a balance of less than £2500. Move anything over and above that though and you start to save on fees

Moggles_2

King_Weasel wrote: »

Any point in applying for a Virgin Atlantic card when I already have a Virgin card? I'm not talking about BT's between the two.

I would think you need to close down your existing Virgin/MBNA card first. This may be feasible as MBNA is one of the few lenders that accepts applications from former customers a month or so after closure.

Btw, I've held two or three brands of MBNA cards at the same time and, although you couldn't transfer balances, the bank was prepared to move credit limits between them. Unfortunately, this doesn't apply to cards of the same brand.

maxinecook

Hi

thanks for your replies , I applied for an egg card and its been put on hold for security reasons , I know they have checked with Equifax on my husbands file - he is on the CIFAS list as he has had internet fraud and identity theft over the last few months. Hubby has had cards with virgin and mbna in the past so didn't even look at them.Lucky all the fraud has been on cataloges and mobile phones not on our bank account or credit cards

So i will know hopefully later in the week if i have been accepted.

Thanks again

Maxine

gdalla11

How does one go about transferring their balance. I have credit card with RBOS, and was thinking about going wit the 14month barclays card to pay mine it off interest free!

So do i sign up with barclays, then what?

Cheers

Moggles_2

gdalla11 wrote: »

How does one go about transferring their balance. I have credit card with RBOS and was thinking about going with the 14 month Barclaycard to pay it off interest free!

Barclaycard currently turns away some 50% of applicants and credit limits tend to be low.

I would advise anyone considering this card to have a read through this thread (which was only started on 6 January 2008 btw), before you apply. You will see that Barclaycard figures quite prominently and not always for the right reasons.

Which other cards - besides RBOS - do you have at the mo?

gdalla11

Moggles wrote: »

Barclaycard currently turns away some 50% of applicants and credit limits tend to be low.

I would advise anyone considering this card to have a read through this thread (which was only started on 6 January 2008 btw), before you apply. You will see that Barclaycard figures quite prominently and not always for the right reasons.

Which other cards - besides RBOS - do you have at the mo?

Really? i only have the one! i just want something that has a long balance transfer 0% scheme! im not really looking to add more credit to it, just pay off what i owe. what do you suggest i do?

Moggles_2

gdalla11 wrote: »

I only have the one! I just want something that has a long balance transfer 0% scheme! I'm not really looking to add more credit to it, just pay off what I owe. What do you suggest I do?

To maximise the 0% period, 15 months is available to new customers from Virgin. There's a 2.98% BT fee.