Best Balance Transfers Discussion Area

[Deleted User]

You can either wait and hope that an existing card offers you a BT, or apply for one that will.

Use an eligibility checker to see what you may get.  If accepted, you're very unlikely to get a small limit on a BT card.

pablo_honey1981

What should I do about my existing cards? I've had the Santander Card about 8 years and the Jaja one for over 20 (when it was Post Office). I always kept them as available credit was good I was told. But I havent used either of them in most of that time.

Would I be better cancelling them and then applying for a credit card more appropriate for my needs?

rocktron_amp

If you cleared a balance transfer and moved it to another provider, is best (always) to cancel the cleared balance transfer credit card?

I am about to clear, for example, a Tesco Bank credit card with just £50 balance and the term is up.

I had a 40 month Sainsbury card, I then moved it to MBNA and Virgin. I still have the Sainsbiury credit card account and the Mobile App and account. Should I cancel the Sainsbury bank credt card account (not Nectar) and be done with? I don't think that lovely 40 month deal from 2017 is every coming back now, but still ...

My MBNA is up in June and August about £8,000 and I will need to find another long term provider.

If you transfer balances and zero the card. Is it best to zero the bank account and cancel it and remove privacy data one month later?

The reason, I asked this question, is that these eligibity checker, "for new customers only" whatnot.

[Deleted User]

You don't need to cancel it if they are still giving offers that you could use - you might get some shortly.

New customer rules are such that if you closed the old card today, you would not be a new customer to Sainsbury's tomorrow, some have waiting periods of 12+ months before doing so etc.

rocktron_amp

If you cleared a

Deleted_User said:

You don't need to cancel it if they are still giving offers that you could use - you might get some shortly.

New customer rules are such that if you closed the old card today, you would not be a new customer to Sainsbury's tomorrow, some have waiting periods of 12+ months before doing so etc.

But isn't it a waste of administration? Sometimes, I don't see any offers for several months. For Tescos they are always offering only 12 months on the calendar month. I just wonder if Sainsburys will offer that 40 months again.

Funny enough, I took advantage of a Lloyds 24 month balance transfers.

The big two MBNA and Virgin when the month comes then I am still not sure whether to close the accounts or keep them.

[Deleted User]

rocktron_amp said:

If you cleared a

Deleted_User said:

You don't need to cancel it if they are still giving offers that you could use - you might get some shortly.

New customer rules are such that if you closed the old card today, you would not be a new customer to Sainsbury's tomorrow, some have waiting periods of 12+ months before doing so etc.

But isn't it a waste of administration? Sometimes, I don't see any offers for several months. For Tescos they are always offering only 12 months on the calendar month. I just wonder if Sainsburys will offer that 40 months again.

Funny enough, I took advantage of a Lloyds 24 month balance transfers.

The big two MBNA and Virgin when the month comes then I am still not sure whether to close the accounts or keep them.

No-one can tell you as offers are based on individual circumstances, not generic ones. If you consider holding the card a waste, that is your prerogative to cancel it but you won't be considered as a new customer for the purposes of a new card offer for quite some time - could be 6, 12, 24 months, only Sainsbury's could tell you that

rocktron_amp

Deleted_User said:

rocktron_amp said:

If you cleared a

Deleted_User said:

You don't need to cancel it if they are still giving offers that you could use - you might get some shortly.

New customer rules are such that if you closed the old card today, you would not be a new customer to Sainsbury's tomorrow, some have waiting periods of 12+ months before doing so etc.

But isn't it a waste of administration? Sometimes, I don't see any offers for several months. For Tescos they are always offering only 12 months on the calendar month. I just wonder if Sainsburys will offer that 40 months again.

Funny enough, I took advantage of a Lloyds 24 month balance transfers.

The big two MBNA and Virgin when the month comes then I am still not sure whether to close the accounts or keep them.

No-one can tell you as offers are based on individual circumstances, not generic ones. If you consider holding the card a waste, that is your prerogative to cancel it but you won't be considered as a new customer for the purposes of a new card offer for quite some time - could be 6, 12, 24 months, only Sainsbury's could tell you that

Yes it kind of makes sense after processing your view for a week. The advantage clearly I am already a trusted and reliably customer with £0.00 on Sainsburys books. So do not have to go through an eligibility checker again, if I keep the card.

I will keep the Sainsbury card and see what happens.

RoothieM

Balance transfer from Amex to 0%

Hi all, This is my first post and I really need some help. I routinely switch to transfer balances on credit cards. I don't use the cards to spend and keep the money in the mortgage as that is a higher percentage (mortgage prisoner with One Account - locked to keep ex out of it!). 

I have been using Amex for the spend cash back and on this occasion I want to add the balance to the other transfers. This is due to a run of things breaking and really need to spread the cost! 

I read that HSBC could transfer from Amex and they had a good interest free offer. Credit Club was showing me to have a 90% chance of success so I went for it. It said I was successful, including the Amex transfer. I didn't get an email or hear anything so rang them up to confirm and they again said I was successful - given a reference number and asked to wait. 2 days later I rang again, told the same after about an hour on hold. A week later (today) I've rung again but this time I've been told nothing had ever come through and to re-apply. 

I don't know if it was adding Amex that made it fall over? I also don't really want to try them again after such dreadful service. Does any cards that can reliably accept a balance transfer from Amex?

I managed to put my password into credit club wrong too any times so I'm locked out for the day! 

casw1000

Hi All.   I have had a few BT credit cards over the years I am again looking into another BT deal.  One question that I cannot seem to find on the popular search engine (G) so I thought its best to reach out to the community hear instead.  I have had a card from Virgin Money, MBNA and Tesco.  When I check for the latest deals, the top offers (for me) come through from these same providers.  So my question is simple.  I currently have a paid up virgin card (zero balance), could I apply for one of the Virgin 0% deals even though I have a card with them already?   My outstanding balance is on my MBNA card, but I just could not see anywhere if its 'allowed' to get another deal with a company that I have previously had a deal with?  

Hope this makes sense, and thanks for your feedback. 

[Deleted User]

casw1000 said:

Hi All.   I have had a few BT credit cards over the years I am again looking into another BT deal.  One question that I cannot seem to find on the popular search engine (G) so I thought its best to reach out to the community hear instead.  I have had a card from Virgin Money, MBNA and Tesco.  When I check for the latest deals, the top offers (for me) come through from these same providers.  So my question is simple.  I currently have a paid up virgin card (zero balance), could I apply for one of the Virgin 0% deals even though I have a card with them already?   My outstanding balance is on my MBNA card, but I just could not see anywhere if its 'allowed' to get another deal with a company that I have previously had a deal with?  

Hope this makes sense, and thanks for your feedback. 

You can apply for the card but they may refuse it given you already have a card, that's down to the organisation if they will let you have more than one