Best Balance Transfers Discussion Area

EasyMan_2

allan1989 wrote: »

The Lloyds* Platinum card gives 0% for 14 months on shifted debts with a 3% fee, however apply and transfer over £1,500 before 30 June and it'll refund half of the fee, slashing it to just 1.5%.

Sounds all well and good doesn't it...?!

Well when you apply you type in what you want to transfer and from what account. For instance I wanted to transfer £1900.

I got a letter through the post saying they accepted me but couldn't transfer the money, I called to activate the card and asked why..?

Its all over the website transfer over £1500 and its only 1.5% fee, yet they gave me a credit limit of £1500.....Therefore I cannot transfer the £1900 or even £1500 as you need to keep a minimum of 5% on the card available therefore the max you can put on the card is £1425. Therefore you missing out on this amazing offer.

I asked could they up my credit limit but they will not do it for 6 months. Therefore I still lose this offer as your balance transfer needs to be done within 90days of account opening. 3 months short.

Now I would say that Llyods TSB are scam artists.

Please comment!!! Any advice Martin.....?!

Thanks, Do you have a link to apply online?

ee_walk

Hi
I'm new here and after a bit of balance transfer advice. I have a couple of cc's - EGG and Virgin with outstanding balances which have reached or are reaching the end of the introductory 0% period.

There is currently an offer of 3.9% pa for new balance transfer on the EGG card, and 0.9% pa for a new balance transfer on the Virgin card.

Should I attempt to shuffle this debt between the cards, thus avoiding the hassle of applying for a new card, or should I just apply for a new card?

Thanks in advance for any advice.

Cheers

Tara100

EasyMan wrote: »

Thanks, Do you have a link to apply online?

Just go straight to LloydsTSB website and apply for the Platinum card.

I have to say I'm impressed so far; From applying one week ago, my card arrived today, and when I called Lloyds to activate it, I was told that my balance transfer was done and dusted, and to expect my 50% refund of transfer fees in the next week. Easy peasy!

mel463

hi,have belonged to this site for ages,but never used it until now,I have a tesco credit card with 3 months left on interest free,but cant clear it,it has 2,000 left to pay.i dontknow how to switch to another card with an interest free,to give me more time to pay it off,i pay regular.with no default HELP

finona_2

Hi, I have a barclaycard which has about £4000 on it and I pay £100 per month which is only just above the minimum payment. I also have another card with £900 on it and the 0% has just finshed. I am thinking of transferring the £900 onto barclaycard as I can have a reduced rate of 6.9% on balance transfers. At present I pay about £40 per month on the £900 but this is minimum payment. Would it be worth transferring the balance over or should I leave it where it is.
I have bad credit so cannot get loans to consolidate which would be my preference.:j

finona_2

Also a few months ago on martin's money tips email, there was a tool you could use to check the likelihood of being accepted for a credit card but I can't find it. Can anyone help??
Thanks

Tara100

finona wrote: »

Also a few months ago on martin's money tips email, there was a tool you could use to check the likelihood of being accepted for a credit card but I can't find it. Can anyone help??
Thanks

I'm not sure if this is the exact tool you mentioned......

http://www.checkmyfile.com/find-a-lender.htm

wheelerdealer_2

I used a 0% Bank of Scotland card for a transfer but I think there was a 'handling fee.'

cm8032

Help and advice needed, please!

I've got debts totaling £12,700 over four credit cards, each card charging between 16.9-19.9% APR. I can cover the minimum monthly repayments without a problem and usually have £300 - £900 per month to put towards reducing the debt.

I want to get as much as I can of the debt onto a 0% deal so that I can stop it growing while I pay it down as much as possible. My problem is that I doubt any one card is going to offer me a high enough credit limit to cover the whole £12.7K. The highest single credit limit I currently have is just over £7,500.

My main current account is with Nationwide. I have a N'wide credit card on which I owe just over £500: this is the smallest of the four debts and also the card charging the highest interest rate.

I also have an Egg card and an Amazon (Bank of America) card, on which I owe around £5K each and the rest is on a Post Office card. If at all possible, I'd like to continue using the Amazon card for spending because we find the Amazon reward vouchers very useful.

Finally I have an unused Capital One card (£0 balance), which used to be my main spending card until they made me cross about something and I wound it down.

What would you recommend I do? I'm conscious that the best 0% deals out there are Barclaycard, but I'm not sure if I'd be able to transfer the Egg card debt to that any more since I think B'card has just taken over Egg credit cards?

I'm thinking BT the N'wide, PO and Amazon debts to a B'card deal if they'll have me, and BT the Egg debt to Virgin? Do I need to close the Cap One card too?

rzsanci

Hi,

Sorry, probably the question was answered before but I am new to the area. Basically my question is I have a HSBC credit card and if I apply to a 0% Barclaycard and transfer all my balance will I still be able to use the HSBC one if I need it? So does it mean my HSBC will be paid off fully and I potentially could use the full credit amount while paying off the new Barclaycard?

Thanks