WARNING - Balance transfer fees - A hidden con

Penny-Pincher!!

Hi

Skycard (barclaycard) is doing BT with zero fees. I have done 2 in the past few weeks with nothing added. Also have 0% period till March 2006-which is pretty good at the moment.

Good Luck

Penny-Pincher!!
xxx

YorkshireBoy

pdpped wrote:

Does anyone know a card currently doing BT without charging a fee.
Not MBNA/virgin
nor Citi bank
nor Egg
nor Barclaycard
nor RBS/mint
As I have been through these bank already...?

Stoozing is great until you can't find a new card you want. :T

How about...

If
M&S
Morgan Stanley
Capital One (9 month flyers)
Co-op

to name but 5.

Get the others shut down (apart from Egg of course) and go back for a second round in 6/9 months.

Check out https://www.stoozing.com/0fees.htm for cards with & without fees, and https://www.stoozing.com/cards.htm for affiliation details.

Tharweb

FTD wrote:

In case you didn't know you didn't know:

If you incur a fee for a balance transfer at a promotional rate, the fee is charged at the standard interest rate for the card, NOT the promotional rate.
I did 2 transfers charging £30 - £40 each and have copped for £1 interest this month.


FTD

Been wondering about this myself, was going to post but spotted this. My Virgin 0% ran out on 26 July. I paid it off in good time and rang to cancel the card, basically I was offered a further 6 months at 0% but subject to a £35 fee (they wouldn't budge) This fee is showing on my account now, so anyone know if I'll get charged interest on this? Can it not be avoided by paying the £5 minimum plus the £35 fee?

YorkshireBoy

Tharweb wrote:

This fee is showing on my account now, so anyone know if I'll get charged interest on this? Can it not be avoided by paying the £5 minimum plus the £35 fee?

From the Virgin summary box...

Monthly minimum payment
The lesser of:
2.25% of your balance (min. £5) or charges for Payment Protection Cover plus interest and fees, plus £5 or your balance, if it's under £5.

The answer, as you suspected, is £40

pdpped

Cheers gang. Don't worry yorkshire, I dont have them all open, most have been closed over the last 12 months. Im my be new on here but i'm not a new stoozer. Gone for Netwest 9months thanks.

pdpped

Looks like I had the same thought as Martin. See his new list of Fee Free Balance transfers!! list of 5 more list 30+ Martin Top man as usual.

YorkshireBoy

pdpped wrote:

Don't worry yorkshire......Im my be new on here but i'm not a new stoozer. Gone for Netwest 9months thanks.

But Natwest is part of RBS/Mint, and you said...

pdpped wrote:

Does anyone know a card currently doing BT without charging a fee.
nor RBS/mint
As I have been through these bank already