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  • FIRST POST
    • Mark Anthony
    • By Mark Anthony 11th Mar 18, 2:53 PM
    • 6Posts
    • 0Thanks
    Mark Anthony
    transferred balances with new cards
    • #1
    • 11th Mar 18, 2:53 PM
    transferred balances with new cards 11th Mar 18 at 2:53 PM
    Hi,

    I hope i'm in the correct place.
    First of all, i'm in debt of about £11,000 on 3 credit cards.
    1 is £2,300
    2.nd is 4,300
    3rd is 4,390
    Silly thing to do, but i had no choice.

    they started charging me interest now, as it was 0% of over 14 months.
    I'm new to this stuff, so i want to get 3 separate cards to make a balance tranfer.
    I went onto another site and got a credit card with Barclaycard Platinum,

    Don't 100% know all the meaning, but learning.
    Lowest cost
    Cost to you: £23
    Debt repaid in: 33 months

    Interest free period
    0% 30 months
    balance transfer offer
    Then 19.9%

    Fees
    0.55% fee
    on transferred
    balances

    Representative APR
    19.9% APR variable

    They gave me £3800 on the Barclaycard.
    I want to pay most of it from The Barclaycard to the nationwide card, that has £4.300 left to pay.

    1, i have no idea how i do this, do i do this from the Barclaycards online account, and tranfer it from there to the nationwide card? i don't 100% understand what i do..

    also, shall i get 2 extras cards to do the same process.
    Like i said, i'm clueless to this kind of stuff.

    Be Grateful for someones help.

    Thanks
Page 1
    • Browntoa
    • By Browntoa 11th Mar 18, 3:11 PM
    • 33,050 Posts
    • 38,619 Thanks
    Browntoa
    • #2
    • 11th Mar 18, 3:11 PM
    • #2
    • 11th Mar 18, 3:11 PM
    Needs to be over here

    http://forums.moneysavingexpert.com/forumdisplay.php?f=95

    Or

    http://forums.moneysavingexpert.com/forumdisplay.php?f=76

    Afraid I cannot move it
    I'm the Board Guide of the Referrers ,Telephones, Pensions , Shop Don't drop ,over 50's and Discount Code boards which means I volunteer to help get your forum questions answered and keep the forum runnning smoothly .However, please remember, board guides don't read every post. If you spot an inappropriate or illegal post please report it to forumteam@moneysavingexpert.com Any views are mine and not the official line of MoneySavingExpert.
    • Mark Anthony
    • By Mark Anthony 11th Mar 18, 3:15 PM
    • 6 Posts
    • 0 Thanks
    Mark Anthony
    • #3
    • 11th Mar 18, 3:15 PM
    • #3
    • 11th Mar 18, 3:15 PM
    Ok thanks,

    I'll delete it.
    • LadyDee
    • By LadyDee 11th Mar 18, 4:09 PM
    • 2,852 Posts
    • 2,989 Thanks
    LadyDee
    • #4
    • 11th Mar 18, 4:09 PM
    • #4
    • 11th Mar 18, 4:09 PM
    Ok thanks,

    I'll delete it.
    Originally posted by Mark Anthony
    Don't do that - somebody who knows how to do it will ask for it to be moved for you so you get appropriate help.
    • Nile
    • By Nile 12th Mar 18, 10:48 PM
    • 14,288 Posts
    • 14,251 Thanks
    Nile
    • #5
    • 12th Mar 18, 10:48 PM
    • #5
    • 12th Mar 18, 10:48 PM
    Hi, we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email forumteam@moneysavingexpert.com.

    I’ve moved your thread from the ‘I wanna’ board to the ‘Debt-Free Wannabe’ board, where it is better suited.

    Regards

    Nile
    Hi, I'm the Board Guide on the In my home (includes DIY) and the I wanna buy-it or do-it boards which means I volunteer to help get your forum questions answered and keep the forum running smoothly. However, do remember that Board Guides don't read every post. If you spot an inappropriate or illegal post then please report it to forumteam@moneysavingexpert.com. It is not part of my role to deal with reportable posts. Any views are mine and are not the official line of moneysavingexpert.com.

    10 Dec 2007 - Led Zeppelin - I was there. I wear my 50 (gold/red/white) blood donations pin badge with pride. Give blood, save a life.
    • Westie983
    • By Westie983 15th Mar 18, 1:38 AM
    • 4,333 Posts
    • 14,890 Thanks
    Westie983
    • #6
    • 15th Mar 18, 1:38 AM
    • #6
    • 15th Mar 18, 1:38 AM
    Hi, we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email forumteam@moneysavingexpert.com.

    I’ve moved your thread from the ‘I wanna’ board to the ‘Debt-Free Wannabe’ board, where it is better suited.

    Regards

    Nile
    Originally posted by Nile
    Was just going to move this, and seen its been done, Thanks Nile

    Westie983
    Save 12k in 2018 #10 Total (£25,000)+£10,000/£12,000 = 83.33%
    Sealed Pot Challenge ~ 11 #97 Total (£410) + £40/£500 = 8.00% ( x 11)
    Xmas 2018 £1 a Day #2 Total £62.59/£365 = 17.14%
    Virtual Sealed Pot #1 Total £750/£1,000 = 75.00%
    £2 Savers Club 2018 #16 Total (£1,500)+-480/£2,000 = 51.00%

    Total £11,872.59/£15,865 = 74.83%

    I'm a Board Guide on Budgeting & Bank Accounts, Debt-Free Wannabe, Disability Money Matters, and Savings & Investments. I'm a volunteer helping the boards run smoothly, but I'm not a moderator, and do not read all posts. If you see an inappropriate/illegal post then email forumteam@moneysavingexpert.com
    • Dobbibill
    • By Dobbibill 15th Mar 18, 9:52 PM
    • 3,054 Posts
    • 3,974 Thanks
    Dobbibill
    • #7
    • 15th Mar 18, 9:52 PM
    • #7
    • 15th Mar 18, 9:52 PM
    Welcome to the forum,

    Moving your CC balance to another card for a lower APR is a good move and means you can pay more off the capital rather than the interest.

    Whether or not you should/could get 2 other cards would depend on a number of things.
    Who are your cards with at the moment? Some companies are known for offering existing customer offers and so you may be better to move that cards balance to free up a promo offer. This means you can bounce your balances around without the need to apply for as many additional cards.
    Have you spoken to any of your providers about promo offers on BTs?
    I'm a Board Guide on the Energy, Student Money Saving, UK Armed Forces and
    Local Money Saving - Wales boards. I'm a volunteer to help the boards run smoothly, and I can move and merge posts there.
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.


    It's not about being the best -
    It's about being better than you were yesterday.
    • Kitten868
    • By Kitten868 16th Mar 18, 12:36 PM
    • 897 Posts
    • 1,881 Thanks
    Kitten868
    • #8
    • 16th Mar 18, 12:36 PM
    • #8
    • 16th Mar 18, 12:36 PM
    The way to complete a balance transfer is either online when you are logged in to their online banking system or you call them up. You need to give them the long card number from the card you want the money moved from.
    Loan 1 £5900/£8000
    Loan 2 £3900/£5800
    Total £9800/£13800 29% PAID
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