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  • FIRST POST
    • MSE Martin
    • By MSE Martin 20th Jul 03, 3:13 PM
    • 8,111Posts
    • 42,248Thanks
    MSE Martin
    Unoffical Existing Customer Balance Transfers
    • #1
    • 20th Jul 03, 3:13 PM
    Unoffical Existing Customer Balance Transfers 20th Jul 03 at 3:13 PM
    The following thread is for people to post what Balance transfer offers they have actually !been given by their existing credit card companies. !To see the context of this thread please read my article 'the Credit Card Shuffle' by clicking

    http://www.moneysavingexpert.com/cards/cut-credit-card-interest

    Martin

    IMPORTANT NOTE: Please remember this is about EXISTING customer balance transfers, it is not the 'new cardholder offers. What would be helpful is if you noted when you got the card, and how long you'd had it when they gave you asked for a new balance transfer deal.
    Last edited by Former MSE Wendy; 13-08-2009 at 1:36 PM.
Page 88
    • Manchester_123
    • By Manchester_123 7th Feb 18, 10:53 AM
    • 24 Posts
    • 6 Thanks
    Manchester_123
    Hi all

    On the back of this I just have a quick question.

    I have a barclaycard with a balance of £14k (scary) i have never missed a payment but my credit score isn’t good so I won’t be able to get a balance transfer with a new card, not with that limit any way!!

    If I phone up Barclaycard and they do agree to lower my interest rate for being a loyal customer will this impact my credit file in any way at all??

    I wouldn’t want this to look like I couldn’t keep up with payments etc ?

    Anyone who has successfully reduced rates checked the impact on their credit score?

    Thank you
    • Candyapple
    • By Candyapple 7th Feb 18, 11:32 AM
    • 2,891 Posts
    • 2,228 Thanks
    Candyapple
    Hi all

    On the back of this I just have a quick question.

    I have a barclaycard with a balance of £14k (scary) i have never missed a payment but my credit score isn’t good so I won’t be able to get a balance transfer with a new card, not with that limit any way!!

    If I phone up Barclaycard and they do agree to lower my interest rate for being a loyal customer will this impact my credit file in any way at all??

    I wouldn’t want this to look like I couldn’t keep up with payments etc ?

    Anyone who has successfully reduced rates checked the impact on their credit score?

    Thank you
    Originally posted by Manchester_123
    No it won't impact your credit file at all if they lower your rate. It's been a long time but I remember Barclaycard used to offer rates be reduced to 9.9% APR over the phone. If they do reduce it for you, please come back and let us know what rate they gave you.

    And if they don't reduce your rate, you can always try for another balance transfer card. Even if you only manage to get a card with a small limit, it's better to transfer over as much as you can onto 0% than continue paying high interest on all of the £14k.

    Eligibility checker:
    https://creditcards.moneysavingexpert.com/?balance-transfer&_ga=2.6090739.1326189476.1517825568-1969417388.1516998791
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
    • onashoestring
    • By onashoestring 30th Apr 18, 2:47 PM
    • 134 Posts
    • 224 Thanks
    onashoestring
    Panic > relief
    My current BT 0% deal coming to an end soon I have made good progress in paying down the balance but there will still be some debt outstanding when the 0% deal runs out.

    Applied for new Balance Transfer CC was turned down, PANIC!

    Then found this forum & phoned Barclays as I remembered that I had an unused CC with them, I was offered:

    18 months 0% BT with 2.9% fee
    Have set up a DD so full balance will be cleared in 18 months. RELIEF!

    Its feels good to be back in control.
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