Virgin Cc

colann_2

Hello

I have a mbna card which charges me 38.00 ish interest on my 1800 limit. I followed martins advise to to bt so applied for a virgin 0% for 15 months this morning and quess what... they accepted me and not only that the limit they offered me was 4,700!!! i was totally shocked. of course i am not going to spend that at all, i am going to transfer my m&s and mbna. Can i pay off an overdraft with this? also i have an hfc account for a laptop. would i b able to pay that as well with virgin card?

any help and advise?

thank you

spendaholic75

Hello, sorry, just have a question for you! Did they (Virgin) tell you immediately? Cos I applied on Weds & I haven't heard anything yet?

Thanks!

colann_2

well i did it online, and i was accepted within 10 seconds.

spendaholic75

Hmmm I might contact them, cos they said they'd let me know with 7-10 days! Thanks anyway & good luck!

Treadmill

Colann, in another thread you are saying that you are struggling to pay your credit card bill. I'd suggest that you have a rethink on getting another CC.

vwman_3

spendaholic75 wrote: »

Hmmm I might contact them, cos they said they'd let me know with 7-10 days! Thanks anyway & good luck!

I got the same on Wednesday, just have to wait and see.

NickX

colann wrote: »

Hello

I have a mbna card which charges me 38.00 ish interest on my 1800 limit. I followed martins advise to to bt so applied for a virgin 0% for 15 months this morning and quess what... they accepted me and not only that the limit they offered me was 4,700!!! i was totally shocked. of course i am not going to spend that at all, i am going to transfer my m&s and mbna. Can i pay off an overdraft with this? also i have an hfc account for a laptop. would i b able to pay that as well with virgin card?

Yes you can pay funds direct to your Bank Account from a Virgin card. It has SBT (Super Balance Transfer) capability.

If you transfer as much as they will allow (possibly 95% of the limit to allow for the Balance Transfer fee) to your Bank Account, you can pay off your overdraft, and any left over could be sent to HFC to pay your laptop loan off.

A good deal, as you will now have these debts on 0% for 15 months. Remember to get a note of the EXACT expiry date of the 0% so that you can avoid paying the punitive variable rates.

NickX

Al_Mac wrote: »

Colann

Virgin and MBNA are the same company, so you can't BT from one to the other.

Not a problem as Colann can send all the funds to her Bank Account. From there she can pay off whoever she likes. SBT (Super Balance Transfer) is an amazingly powerful facility.

colann_2

hi treadmill

yes I am this month struggling - it is a one off month - but i stil want to pay off my debts quicker - so thought bt better - i am not getting it to spend it at all - i have more sense. thanks though

good luck to you too spendaholic

almac - just my luck - is there anyway i can get this mbna debt transferred over?

NickX

Treadmill wrote: »

Colann, in another thread you are saying that you are struggling to pay your credit card bill. I'd suggest that you have a rethink on getting another CC.

Sorry Treadmill, I completely disagree. Colann is doing completely the right thing moving the debts to a 0% card - this is good Debt management and should help her get sorted much more quickly.

NickX

colann wrote: »

almac - just my luck - is there anyway i can get this mbna debt transferred over?

Hi Colann,

As per my previous post, just tranfer the lot to your Bank Account.

From there you can pay whoever you like, no problem,

Regards