Timing a new 0% deal

lipidicman

I have a 0% bt+purchases card. I am going to get two cards to replace it when this ends at the end of November. A 0% bt card (with no fee) and a 0% on new purchases card.

I have been looking into the timing of applications and have drawn a blank. Do I need to consider the statement date of just the end of 0%. How long should I allow between in branch/online application before a balance transfer will go through. I dont want to pay interest, but it seems silly to be too cautious and waste a month (I am a nervous type!)

If there is another thread discussing this then please point me in that direction!

grumbler

Hi
Everybody is busy with new Egg card now?
I'd start looking for a new place for debt at least 1 month (better 1.5) before the end of 0% offer. Yes, you should consider neither the statement date, nor payment date, but the date when 0% ends.

lipidicman

Hey, it's you again. Thanks!

OK, so mid october it is then.

What was the reference to egg then? I'm not an egg man

Clariman

lipidicman wrote:

I have a 0% bt+purchases card. I am going to get two cards to replace it when this ends at the end of November. A 0% bt card (with no fee) and a 0% on new purchases card.

I have been looking into the timing of applications and have drawn a blank. Do I need to consider the statement date of just the end of 0%. How long should I allow between in branch/online application before a balance transfer will go through. I dont want to pay interest, but it seems silly to be too cautious and waste a month (I am a nervous type!)

If there is another thread discussing this then please point me in that direction!

Hi lipidicman

You need to be very careful to ensure you know the exact date when the 0% period ends and you have to pay the full balance off. It varies from card to card. Some are 6 months from the date they processed your application, some are 6 months from the date you did the balance transfer, others are the due date of your 6th statement. Check your credit card statement - some tell you. More than likely you will have to ring the call centre and ask them the date. Take a note of it, the time you called and - ideally - the name of the person who told you because it is not impossible for call centre staff to get it wrong.

I generally apply for my next card about 6 weeks before the old one is due to be paid off. This allows a month for the application to be fully processed and 2 weeks for the BT to go through. BTs usually go through quicker than that but it is not worth taking the risk.

Clariman

lipidicman

Good advice. I confirmed the end of 0% date when I activated the card, but I didn't take a name so maybe I will get it reconfirmed! Thanks

Thanks to both of you I will now be applying 6 weeks ahead of the end of the offer

I am going for the lloyds BT card as recommended by Martin. Anyone have any experiences with this card?

grumbler

lipidicman wrote:

What was the reference to egg then? I'm not an egg man

It is not about you, but about everybody else who couldn't answer you for 2.5 hours.
8 new posts today here: Eggs new product...what could it be?????????
40 - here: the new egg money card

lipidicman

Oh, right - I had a hunt and I dont know how I missed it. I did wonder why I had no answer. Thought I'd asked a dumb question!