Best Balance Transfers Discussion Area

Dewberry

Are there any cards offering 0% bt that would apply to us? - we live in the Channel Islands

Thanks

Moggles_2

Dewberry wrote: »

Are there any cards offering 0% bt that would apply to us? We live in the Channel Islands

AFAIK, UK credit card providers can only accept balance transfers in £pounds sterling from other British lenders.

Moggles_2

lcgoodac wrote: »

Due to the nature of my course, I am unable to get a student loan. I instead get a bursary of £520 a month. I roughly pay out £320 a month on rent and bills (not including credit card). I always pay off more than my minimum payment, but can't afford to pay the whole balance off at once. I was wondering if there was a better card for me to transfer my balance

TBH, being a student means you aren't really in a position to get the best deals on credit cards. Lenders launch these interest-free BT promotions, which are sometimes heavily advertised, to draw in new customers. Often they are flooded with applications and can afford to cherry-pick applicants. They are all going to see your low annual income in
the same light.

Wouldn't you be better off with a student overdraft? Most are “interest free” for the period of your studies.

Your posts raise some other issues and you may get replies more quickly if you post again on the *Student Money Saving* board

http://forums.moneysavingexpert.com/forumdisplay.html?f=25

MigsyBigsy

Hello All,

could people help me out on this.

just wondering what people thought of the HSBC credit card. I want to transfer my balance to that from Barclaycard. Not sure I understand, but can I pay off my debt within a year and not receive any interest?

thanks

Dewberry

Moggles wrote: »

AFAIK, UK credit card providers can only accept balance transfers in £pounds sterling from other British lenders.

We are classed as part of the uk and our money is pounds sterling too;)

We have got an MBNA card and want to transfer the balance but I know from previous experience that some lenders don't cover the channel islands for some bizarre reason

Moggles_2

MigsyBigsy wrote: »

Just wondering what people thought of the HSBC credit card. I want to transfer my balance from Barclaycard. Not sure I understand, but can I pay off my debt within a year and not receive any interest?

The current HSBC deal offers 0% for 13 months on balances transferred within 30 days of opening your account. A 2.5% balance transfer fee applies, but there are no other charges, provided that you keep within the Ts&Cs.

Online services not as good as Barclaycard, IMO, but adequate. Telephone services are, like B'card, pretty dire.

Remember not to spend on the card

shoestupid

i have £4985 with MBNA & £5567 with RBS - i think i can manage to pay off £600 a month so should be able to clear then in about 18 months - what 0% cards do you think i should apply for? I have limits of 11 & 12 on them both so if i could get a 0% card with this limit I would be v happy - what do you think???

shoestupid

whoo Hoo - just applied for the barclays 0% and was accepted :j - didnt say my credit limit online though but i noticed its max transfer is £5000 or 90% of the credit limit so need to get a second 0% card now - will wait till the barclays one arrives first maybe???:j

Moggles_2

Dewberry wrote: »

We are classed as part of the UK and our money is pounds sterling too. We have got an MBNA card and want to transfer the balance but I know from previous experience that some lenders don't cover the Channel Islands for some bizarre reason.

Sorry, I worded that badly. UK credit card providers can only accept balance transfers from UK card accounts. I'm no expert, but my understanding is that the Channel Islands are part of the British Isles, but not the United Kingdom.

When it comes to balance transfers, I suspect it's the currency that's the limiting factor. Whilst yours is linked to ours, it is separate, so I doubt whether the 0% deals mentioned on this site would apply. Perhaps, someone will be along soon, who knows more about this,
than I do.

Moggles_2

shoestupid wrote: »

Whoo Hoo, just applied for the Barclays 0% and was accepted. Didn't say my credit limit online, but I noticed its max transfer is £5000 or 90% of the credit limit, so need to get a second 0% card now.

Congratulations on your success with Barclaycard.
:beer:

The second 0% deal that's best depends, to some extent, on which cards - besides MBNA and RBS - you have at the mo.

To maximise the 0% period on BTs, 14 months is currently available to new customers from Egg card. There's a 3% handling charge.

http://new.egg.com/visitor/0,,3_84106--View_1763,00.html