Best Balance Transfers Discussion Area

kezza121

I want to transfer my overdraft onto a 0% to allow me to clear it slowly. I just called virgin who said i cant do this on their card. Does anyone know of a way I can do this?
Thanks!
Im really confused.

wallofbeans

Moggles wrote: »

September 2009? Are you sure? That would be 0% for 20-21 months.



Did you sign up with Mint via another website? If so, you may have a promo code.

More importantly, what's become of your credit agreement? If you haven't kept a copy, I would request one first from Customer Services.

IMO, it's more important to be clear about the terms of the deal you've been offered, before you commit yourself to a balance transfer. The Ts & Cs currently advertised on Mint's website may be different from yours.

i thought it was crazy too but that's what the guy said when i called to ask. i asked him if he was sure coz it seemed like a long time and he said the same thing again... i got the card at the start of december 07...

i signed up directly from the mint website so i guess the promo code box is not applicable to me then...

would my credit agreement have been the sheet my card was glued to when i got it? if so, that may have been thrown out accidently...

yes, i should get a copy and will.

rach3557

Hi everyone

I applied for a capital one card to transfer a balance from an A&L card. I choose Capital one because their transfer fee was 1.5% i applied for £3300 but recieved a letter a few days later saying that unfortunatly i did not qualify. I know i have good credit so i applied for a halifax one 3% charge but 0% transfer for 13mths and guess what i was accepted straight away. Why was i turned down for a capital one??? is it because i only wanted £3300???

Moggles_2

Originally Posted by Agaton Sax
Have been sent an offer from Goldfish for 4.9% p.a. on balance transfers until January 2011 [3% handling charge]. Is this a good deal ? ... I'm a new customer and it's addressed to me.

If you're forking out loads of interest on other borrowings, it's worth serious consideration.

Much depends on the time needed to clear this debt. HSBC is offering new customers 2.9 % APR on balances shifted for 2 years plus a one-off fee of 2.5 % of the balance transferred. If you can repay in two years or under, this may be a better option

Moggles_2

Originally Posted by peaceandlove
I've never done a BT before and I need to transfer £7500 on a 0% M and S card by 11.03.08. I read in the article on the main site that the MBNA card range (including Abbey) tend to offer higher credit limits whereas Barclaycard tend to offer less.

The Abbey card is now underwritten by Santander, so the above no longer applies to Abbey.

Currently, Barclaycard turns away some 50% of applicants and credit limits tend to be low so, if I were you, I would certainly look elsewhere.

I know the credit limit you are offered is down to individual factors, but can anyone tell me how they got on with a balance transfer to an Abbey card and if they got a credit limit much lower than they needed?

The transition from MBNA to Santander took place last July, so it's still a little too early to say.

Am I more likely to get a higher credit limit on the MBNA Platinum card, as it is a platinum card?

As you know, this is not an exact science, but any card issued by MBNA (e.g. Alliance & Leicester, MBNA itself, Sony, Virgin) is a reasonable bet. If you're not already a customer, you may want to compare Egg card. An introductory 0% for 15 months is available from Egg and Virgin at the mo

Moggles_2

Originally Posted by Arbie
I applied for the Egg card (3% fee, 0% for up to 15 months) this evening, but didn't get an instant decision online. Hoping this isn't bad news

Not necessarily.

For the first time, I'm linked to the other half by a joint current account for bills; and she has considerably more debt (and a lower income) than I do; and I would suspect a poorer credit rating. I really hope this hasn't screwed me over, as the bills account wasn't even a necessity!!

If you do get turned down, I would keep an open mind about the reason(s).
Might be an idea if she orders her credit reports though, so she can check what's on there, before you submit another application.

Moggles_2

Originally Posted by kezza121
I want to transfer my overdraft onto a 0% [credit card] to allow me to clear it slowly. I just called Virgin who said I can't do this on their card. Does anyone know of a way I can do this? Thanks! I'm really confused.

Well, I transferred a balance from my Virgin card to my current account recently without difficulty. If possible, I would phone back during normal business hours, when you're more likely to be put through to someone who knows what they're up to.

Virgin is one of a handful of rather special cards which will allow you to transfer an overdraft to them, in other words, transfer cash from the credit card to your current account:

The others include:
cards issued by MBNA (e.g. Alliance & Leicester, MBNA itself, Sony, Virgin) Egg Visa or the Post Office card

Alternatively, you can use Egg Money [not to be confused with the Egg Visa card] in conjunction with any low-rate balance transfer card

Mint periodically issues credit card cheques, which can be paid directly into your current account

Arbie

Moggles wrote: »

Not necessarily.



If you do get turned down, I would keep an open mind about the reason(s).
Might be an idea if she orders her credit reports though, so she can check what's on there, before you submit another application.

Moggles,
I take it all back...she's off the hook! Egg have come through with a £13k limit, which suits me nicely. Many thanks for your advice.

Rich

Moggles_2

Congratulations, Arbie & thanks for keeping us posted
:beer:

MPR_2

I have moved from England to Ireland.
Would someone please advise.Will I still be able to claim my bank charges?
Thanks in advance
M