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  • Bismarck
    PS...not a stupid question....I can imagine how worried it would make a lot of people!
    You came to the right place...
  • padcom9
    Can anyone tell me what MERCHANDISE INTEREST is? I have recently arranged a Balance Transfer and found this charge on the credit card!
    • LMac
    • By LMac 10th Mar 08, 9:05 PM
    • 277 Posts
    • 941 Thanks
    LMac
    Is it possible to do a balance transfer from a card (not in my name) to a card in my name?

  • NickX
    Is it possible to do a balance transfer from a card (not in my name) to a card in my name?
    Originally posted by LMac
    Yes you can transfer whoever's card you like to your card, it can be your mum, your dad, or just Dave from down the pub (he may even buy you a beer )

    However, please be aware that once the debt is transferred you are solely responsible for paying that debt back - Dave could disappear to Cyprus and you would be left with the debt repayments.

    Hope this helps.
    • LMac
    • By LMac 10th Mar 08, 11:23 PM
    • 277 Posts
    • 941 Thanks
    LMac
    Yes you can transfer whoever's card you like to your card, it can be your mum, your dad, or just Dave from down the pub (he may even buy you a beer )

    However, please be aware that once the debt is transferred you are solely responsible for paying that debt back - Dave could disappear to Cyprus and you would be left with the debt repayments.

    Hope this helps.
    Originally posted by NickX
    Thanks! Just looking at options at the mo. Its not a huge debt, but due to a muck up with a loam (not his fault) he cant get credit. Just looking 0% for a year, or less, but virgin one looking good. might do a bit of stoozing with "leftover" credit. Appreciate your help
  • Moriarty
    BT my wife's card to new one in my name?
    Hi Dan,

    Can I transfer a balance from my wife's card (on which I am currently a second card holder) to a new 0% card in my name?

    Thanks,
    Moriarty
  • NickX
    Yes you can transfer whoever's card you like to your card, it can be your wife, your parents, or just Dave from down the pub (he may even buy you a beer )

    However, please be aware that once the debt is transferred you are solely responsible for paying that debt back - Dave could disappear to Cyprus and you would be left with the debt repayments.

    Hope this helps.
  • Reg Dwight
    i have a cahoot loan, can i transfer this to a citibank or other long term card?
    • YorkshireBoy
    • By YorkshireBoy 19th Mar 08, 10:37 PM
    • 31,141 Posts
    • 19,177 Thanks
    YorkshireBoy
    i have a cahoot loan, can i transfer this to a citibank or other long term card?
    Originally posted by Reg Dwight
    Yes, by using the Egg Money Card Trick.
  • haemi125
    Store card + Credit Score
    Hello,

    I have paid off the store card by doing the balance transfer last month...

    I am planning not to use that card, but thinking maybe I should have it stored away somewhere just incase I might have to use it or something......

    But is it best to cancel the account anyway? Does that improve the credit scoring in any way? If yes I would rather cancel it! :rolleyes:
  • tiswas08
    Hi im new here!! call me stupid but an hr iv sat here trying to figure out how to post a comment!! can someone pls help me haha!!!
  • tiswas08
    switching of balances
    I had a letter today saying mbna were putting my interest rate up to 29.9% at the end of may!! so i applied for another credit card to transfer a balance!! However it wasnt until id been accepted i realised that they were also part of mbna!! virgin then went on to tell me that because they were both linked i couldnt transfer my balance!! mbna ta mbna and all that!! So i was thinking can i use my hsbc credit card to pay off my mbna card then transfer the hsbc balance to the new virgin(mbna) card!! that way i havnt directly transferred mbna to mbna have i!! can you do that????? please help!!
  • NickX
    I had a letter today saying mbna were putting my interest rate up to 29.9% at the end of may!! so i applied for another credit card to transfer a balance!! However it wasnt until id been accepted i realised that they were also part of mbna!! virgin then went on to tell me that because they were both linked i couldnt transfer my balance!! mbna ta mbna and all that!! So i was thinking can i use my hsbc credit card to pay off my mbna card then transfer the hsbc balance to the new virgin(mbna) card!! that way i havnt directly transferred mbna to mbna have i!! can you do that????? please help!!
    Originally posted by tiswas08
    Virgin is a SBT (Super Balance Transfer) card which means you can Balance Transfer to your Bank Account.

    If you ask them to do this, once the funds are in your Bank Account, you can then pay off the other MBNA card.

    This gets round the problem of Balance Transferring 2 MBNA cards.

    Your idea of using a HSBC card would work, but I think you would incurr 2 Balance Transfer fees which you would avoid by doing a SBT (Super Balance Transfer)
  • kaylapants
    unwaged!
    Any ideas how my husband who doesnt work (house husband , and very good at it! ) can transfer his remaining balance from his horrendous interest rate barclaycard to a long term life of the balance credit card. I,ve followed the links to suggested cards but they all require a minimum 10,000 income?
  • the2ks
    Hi

    Have offset mortgage with First Direct at 4.99% fixed.
    Watched Martin on GMTV last week and he mentioned doing balance transfer from 0% (Virgin card) and putting in savings account to offset with mortgage.
    This will cost me 150 (for 5000) fee - how much am I likely to save? 0% deal ends in April 2009.

    PS Martin is god - lost count of the amount of money he has saved us!!!!!
    • CannyJock
    • By CannyJock 12th May 08, 8:19 PM
    • 3,747 Posts
    • 2,122 Thanks
    CannyJock
    Stoozing calculator is at the top, also one on www.stoozing.com.

    You've got a fairly competite mortgage interest rate by my reckoning but will still save you money. Curiously highest interest savings account is Kaupthing Edge at 6.5% if you're a basic rate tax payer, that's 5.2% net. Technically you'd be better putting it in there earning 5.2% than in your offset at 4.99%. If you're a higher rate tax payer then the offset would be the one to go for.

    Course, if your partner is a basic rate tax payer then it's back to the savings but in their name. Just a thought.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
    • YorkshireBoy
    • By YorkshireBoy 12th May 08, 8:20 PM
    • 31,141 Posts
    • 19,177 Thanks
    YorkshireBoy
    ...how much am I likely to save?
    Originally posted by the2ks
    Run your figures through this calculator...

    http://www.stoozing.com/calc.htm
  • sha2112
    Old Card Accounts
    I have been 'tarting' for a while and each time I get a new card I close the old ones down. If the old card, later becomes a better deal, how long should I wait before I apply to go back to them or will they not let me do that?
  • Moggles
    I have been 'tarting' for a while and each time I get a new card I close the old ones down. If the old card, later becomes a better deal, how long should I wait before I apply to go back to them or will they not let me do that?
    Originally posted by sha2112
    Lenders vary in this respect, as with everything else.

    Some (eg. Barclaycard) will not consider applications from former cardholders in the 6 months following closure. The Royal Bank of Scotland stable (which includes Lombard Direct, Mint, NatWest, Tesco & Ulster Bank, as well as RBS itself) makes former customers wait 8 months and in the case of Egg, it's 12 months.

    Former cardholders are free to re-apply for another Nationwide credit card, but do not qualify for the 0% introductory rate the second time round. (I know of no others where these 0% rates are strictly limited to one per customer.)

    At the other extreme are Capital One, HBOS, Marks & Spencer and MBNA. They accept applicants a month or so after closure.

    In all cases, it's advisable to check your credit reports to make certain the account is actually closed down and marked "settled" before you re-apply
    People who don't know their rights, don't actually have those rights.
  • mandavies
    Credit card balance transfers limits
    Can anyone please list for me the limits of 's that can be transferred to credit cards, I notice that onr ints t & c's mentioned that you could only transfer up 5000 are there cards with higher limits.
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