Virgin Cards and Balance transfers

neilr_2

For those that took out the 0% deal on transfers with Barclaycard last year and are currently tarting around for a new free home for your debt....beware. The Virgin card looks attractive but you may be refused if you have tarted with any other MNBA card in the past. Before Barclaycard I had used Mint which is MBNA. They are obviously getting cute to our perfectly legitmate debt financing!

I know that it was not a credit rating issue as have just taken 6 months 0% with Morgan Stanley and will of course steer clear of MBNA in the future.

Clariman

neilr wrote:

For those that took out the 0% deal on transfers with Barclaycard last year and are currently tarting around for a new free home for your debt....beware. The Virgin card looks attractive but you may be refused if you have tarted with any other MNBA card in the past. Before Barclaycard I had used Mint which is MBNA. They are obviously getting cute to our perfectly legitmate debt financing!

I know that it was not a credit rating issue as have just taken 6 months 0% with Morgan Stanley and will of course steer clear of MBNA in the future.

MINT is NOT an MBNA card - it is a Royal Bank of Scotland Group card. It is true that MBNA have tightened up their lending a bit and no longer seem to offer multiple MBNA cards at the same time, but they do still let an MBNA tart/stoozer get further MBNA cards, providing that the earlier accounts are closed down.

I had 18 months at 0% on an MBNA platinum card and 9 months on an MBNA/Abbey card which were both closed in May. At the end of June I was accepted for a new MBNA/Virgin card.

Clariman

W1zz

I have a MINT card, use it for general use for cashback and pay in full each month (Since the 10 months 0% promo rate finished). - I've just moved my 0% from Barclaycard, due to end this month, to Virgin with not problems! Even got a better credit limit with Virgin than I did with BC.

knuckledragger

Barclaycard due to be paid off at the end of this month, Virgin card activated today, £11K+ into the (tax free ) savings account in six days time. The very nice man at Virgin told me that the minimum payment is £5pm. If that's the case then I'll only have to pay back £45 before paying it back completely. Now, where to go in April 2006? Far too early to tell, things may change completely by then.