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    • Lmt
    • By Lmt 30th Nov 17, 9:05 PM
    • 1Posts
    • 0Thanks
    Help please
    • #1
    • 30th Nov 17, 9:05 PM
    Help please 30th Nov 17 at 9:05 PM
    I think I've messed up somewhere. I'm trying to get on top of my finances and applied for a Lloyds 0% credit card yesterday. Good news is I got accepted and it said I could transfer 6555 over, which I duly did. I've just received an email to say it's been done but also a text saying that I've gone over 90% of my credit limit and could face charges. I can't remember reading anywhere about not being allowed to go over 90% and why would they let me transfer more than this if it's a problem? I'm unable to login to the account yet as I'm obviously waiting for the paperwork to come through the post. What do I do? Do I have to find the money to get it under the 90%? Will I have immediately lost my 0% deal? I'm totally confused, stressed and wish I'd left the Balance on barclaycard !!!128553; Any advice greatly received
Page 1
    • derps
    • By derps 30th Nov 17, 9:20 PM
    • 123 Posts
    • 112 Thanks
    • #2
    • 30th Nov 17, 9:20 PM
    • #2
    • 30th Nov 17, 9:20 PM
    Are you sure they weren't just letting you know you were getting close to your limit? Did they specifically say they apply charges for being at 90%?
    • TheShape
    • By TheShape 30th Nov 17, 9:49 PM
    • 1,286 Posts
    • 1,096 Thanks
    • #3
    • 30th Nov 17, 9:49 PM
    • #3
    • 30th Nov 17, 9:49 PM
    I received the same warning from Lloyd's yesterday after requesting a balance transfer. They will warn you when you hit 90% so you can take action (if needed) to avoid going over your credit limit. My balance is currently 93.7% of my credit limit and I'm not expecting to get charged.

    Exactly the same thing occurred when I was maxing out my Halifax Credit Card with balance transfers earlier in the year.

    OP, what is your credit limit and is there a fee for your balance transfer?
    Last edited by TheShape; 30-11-2017 at 9:55 PM.
    • Weybridge78
    • By Weybridge78 30th Nov 17, 11:10 PM
    • 151 Posts
    • 41 Thanks
    • #4
    • 30th Nov 17, 11:10 PM
    • #4
    • 30th Nov 17, 11:10 PM
    Do not stress. What is your credit limit; 7000?
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