Best Balance Transfers Discussion Area

[Deleted User]

No. You'll need either a loan or money transfer card.

PS. 8% interest isn't horrible. Apart from 0%, it's about as low a card rate as you'll ever find.

Libra0977

Hi

I’m looking to transfer a balance to an interest free card in my mums name with he permission is that do-able - appreciate any feedback

[Deleted User]

In most cases, yes, as long as they're not from the same issuer.

Bosco_Baboli

Hi,

I just requested a balance transfer from a new Sainsbury's CC to an existing CC from the AA. Sainsbury's declined the request to transfer the money over. I rang them a couple of times and was told briefly, and then in detail, that the AA simply aren't a card Sainsbury's will deal with.

I believe Sainsbury's own Sainsbury's bank, who are HQd in Edinburgh, while the AA are underwritten by the Bank of Ireland, HQd in Belfast, so both are UK banks. Believe it or not I did actually read some of the small print when applying for the Sainsbury's card and saw that it states they won't accept "some" cards, my mistake was thinking this was to protect themselves from smaller/unstable/dodgy cards.

Anyway, I asked for a list of other cards they also don't accept thinking it could be useful to save somebody else aggro, so, if you're thinking of BTing from Sainsbury's to one of the following banks at this time, you may want to do some more research;

Any store card
Amazon Mastercard
AA
American Express
"a particular Natwest" card, I couldn't get any more details on what particular ones
TSB
Vanquish

If you want to know if they'll accept your card, especially if it's Natwest, ring them and get them to check the first 6 digits of the card number, as this is what tells them what bank and type of card it is.

I may have just taught you all how to suck eggs but if it helps someone else I'll be at least a little bit happier.

Regards.

Emmaegg

I would like to pay off my overdraft with a 0% balance transfer. Just wondering if anyone else has done this and if so which card company they used?

Willing2Learn

Emmaegg wrote: »

I would like to pay off my overdraft with a 0% balance transfer. Just wondering if anyone else has done this and if so which card company they used?

To settle an overdraft, you would have to use a Money Transfer card.

https://www.moneysavingexpert.com/credit-cards/money-transfers/

And welcome to the forum

dotchas

Hi, just looking for a bit of advice, OH has approx 8k credit card debt about to end a 0% term. He applied for the Sainsbury card 29months 0% and was accepted but only 4k CC Limit. When would be best to apply for another 0% to clear the full balance?

Thank you

[Deleted User]

In time to transfer the balance before he starts paying interest.

dotchas

Thank you ZX81
Will it affect his application, that he got a new card today? Should he wait or not? Just don't want to get it wrong and stuff his chances of getting it all on 0%

[Deleted User]

He may as well apply now. If declined, leave it a couple of months.

One more search will have no long term effect.