Best Balance Transfers Discussion Area

Moggles_2

Josephinia81 wrote: »

I've decided to pay off part of my wedding with a balance transfer card and was planning on putting around £4000 on my purchases credit card. I'm assuming I'll have to put this onto two balance transfer cards as it's so high, but don't know how long to leave it between applying for different cards? Any advice welcomed please!!!

'Sounds like a sensible, money-saving plan, but what's convinced you that two balance transfer cards are needed?

What cards do you have at the mo and which purchases card is involved?

Josephinia81

I guess I was just assuming I wouldn't be able to transfer that much onto one card?

I've got a Lloyds credit card at the moment which has a £4000 limit, and was hoping to put as much of that as possible on to a balance transfer, maybe a Virgin card or the Barclaycard Platinum?

Moggles_2

Josephinia81 wrote: »

I was just assuming I wouldn't be able to transfer that much onto one card. I've got a Lloyds credit card at the moment which has a £4000 limit and was hoping to put as much of that as possible on to a balance transfer, maybe a Virgin card or the Barclaycard Platinum.

Of these two cards, Virgin and Barclaycard, I would say Virgin is your best bet

It's not an exact science of course but, judging from the posts to this thread, you're more likely to get a generous credit limit with Virgin than from Barclaycard.

That said, none of us knows in advance what credit limt we'll be handed. Much depends on your existing credit - available and used - in relation to your annual income.

Moggles_2

To maximise the 0% period, 15 months is currently available to new customers from Virgin. A 2.98% BT fee applies.

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. You will see that Barclaycard figures quite prominently and not always for the right reasons :rolleyes:

Josephinia81

Thank you for your all help Moggles! The honeymoon was paid off today :eek: so I'm definitely off to apply for my new credit card now!!

Moggles_2

Josephinia81 wrote: »

The honeymoon was paid off today :eek: so I'm definitely off to apply for my new credit card now!!

Very best
M
:beer:

saffouri

My husband applied online for an Abbey Zero card on 11 May, and so far we have heard nothing from them. (As he's the one with the very good credit rating, he's been the main applicant, whilst I've been sorting out a Notice of Correction on my own credit reports - although we plan to transfer one of my existing balances over as well - and we have no linked financial associations.) Should I try to get in touch? We have a reference number that came up after finishing the application process but there are no clear contact details to follow up to see what's happening.

Many thanks!

saf

YorkshireBoy

saffouri wrote: »

My husband applied online for an Abbey Zero card on 11 May, and so far we have heard nothing from them. (As he's the one with the very good credit rating, he's been the main applicant, whilst I've been sorting out a Notice of Correction on my own credit reports

Online applications appear to be suffering the longest delays. Your situation will likely be compounded because, if you're financially associated, he will most likely fail the automatic credit check due to your notice of correction. This will mean his application will be passed to an underwriter for manual assessment.

Should I try to get in touch?

They won't talk to you. Your husband will have to contact them.

saffouri

Thanks Yorkshire Boy - looks like we'll just have to wait then. Had we known though that online applications would take so long, he could have done one in-branch.

Fortunately, we're not financially associated, so that shouldn't be the problem.

saf

Moggles_2

If you're looking for a totally free BT, the newly-launched Abbey Zero credit card offers interest-free balance transfers for 6 months with no handling charges. To qualify, BTs must be made within one month of account opening.

Note: online applicants have reported the sort of delays we've come to expect from Santander. If in a hurry, I would apply in-branch.

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Also, I can recommend the Ulster Bank Gold card (not to be confused with the Ulster Rugby card, which is a completely separate animal run by the Bank of Ireland.)

The Ulster Bank cards offer 0% BTs for 6 months from account opening and, once again, there's no handling fee. Issued by the Royal Bank of Scotland, they're well worth considering for balances under £4,000

Note: applications can now be made online, as well as by phone or by post. Once set up, your account can now be managed online too.