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  • FIRST POST
    • onlyfoolsandparking
    • By onlyfoolsandparking 11th Aug 18, 5:26 PM
    • 368Posts
    • 473Thanks
    onlyfoolsandparking
    Encouraging a B/T offer from Barclays
    • #1
    • 11th Aug 18, 5:26 PM
    Encouraging a B/T offer from Barclays 11th Aug 18 at 5:26 PM
    I wonder how others have been doing this. I,ve been paying my Barclaycard steadily for the last 9 months and am now down to making the last payment in August, they are offering me at the moment 12 months interest free 2.4% fee which seems reasonable. My question is though I don't need a B/T till March 2019 (I will absolutely need it then unfortunately) so do I make that last payment to take my balance to zero or maybe split it into 3-4 payments taking me to say December. Which way of me paying it off would encourage them to offer me a good B/T rate??? or is there no real way of telling, I read somewhere they use algorithms or something similar to track spending/paying patterns, I could pay it all now but would leaving my balance at zero for 6-9 months do me any favours??
Page 1
    • zx81
    • By zx81 11th Aug 18, 5:27 PM
    • 19,023 Posts
    • 20,265 Thanks
    zx81
    • #2
    • 11th Aug 18, 5:27 PM
    • #2
    • 11th Aug 18, 5:27 PM
    Clear your balance. Then use your card as normal, clearing in full.

    Offers will normally then come through fairly regularly, depending on their assessment of your risk.
    • onlyfoolsandparking
    • By onlyfoolsandparking 11th Aug 18, 5:46 PM
    • 368 Posts
    • 473 Thanks
    onlyfoolsandparking
    • #3
    • 11th Aug 18, 5:46 PM
    • #3
    • 11th Aug 18, 5:46 PM
    Yes I could do that but I wouldn't be using the card I don't need to use that card at all at the moment well not for spending its just been a B/T card although as I said another deal around Feb-Mar next year will come in very handy.
    • zx81
    • By zx81 11th Aug 18, 8:55 PM
    • 19,023 Posts
    • 20,265 Thanks
    zx81
    • #4
    • 11th Aug 18, 8:55 PM
    • #4
    • 11th Aug 18, 8:55 PM
    All you need to do is buy a packet of crisps or other potato based snack each month and pay it off.

    It would be worth it for a decent offer in a few months.
    • onlyfoolsandparking
    • By onlyfoolsandparking 11th Aug 18, 9:20 PM
    • 368 Posts
    • 473 Thanks
    onlyfoolsandparking
    • #5
    • 11th Aug 18, 9:20 PM
    • #5
    • 11th Aug 18, 9:20 PM
    Yeah I go along with that idea, cheers
    • EarthBoy
    • By EarthBoy 12th Aug 18, 1:02 AM
    • 1,972 Posts
    • 1,301 Thanks
    EarthBoy
    • #6
    • 12th Aug 18, 1:02 AM
    • #6
    • 12th Aug 18, 1:02 AM
    Clear your balance. Then use your card as normal, clearing in full.

    Offers will normally then come through fairly regularly, depending on their assessment of your risk.
    Originally posted by zx81
    I wouldn't bother using the card if you don't need to.

    I took out my Barclaycard for a balance transfer offer and when the offer period was over I transferred the balance out elsewhere. The card has remained unused for about 4 years, but I have received balance transfer offers in the post almost every month since.
    • Nebulous2
    • By Nebulous2 12th Aug 18, 6:48 AM
    • 2,055 Posts
    • 1,269 Thanks
    Nebulous2
    • #7
    • 12th Aug 18, 6:48 AM
    • #7
    • 12th Aug 18, 6:48 AM
    Are you paying interest?

    If you are pay it off as quickly as possible.

    If you aren't it really doesn't matter, if you have another use for the money.
    • Anthorn
    • By Anthorn 12th Aug 18, 9:27 AM
    • 3,955 Posts
    • 1,054 Thanks
    Anthorn
    • #8
    • 12th Aug 18, 9:27 AM
    • #8
    • 12th Aug 18, 9:27 AM
    I wonder how others have been doing this. I,ve been paying my Barclaycard steadily for the last 9 months and am now down to making the last payment in August, they are offering me at the moment 12 months interest free 2.4% fee which seems reasonable. My question is though I don't need a B/T till March 2019 (I will absolutely need it then unfortunately) so do I make that last payment to take my balance to zero or maybe split it into 3-4 payments taking me to say December. Which way of me paying it off would encourage them to offer me a good B/T rate??? or is there no real way of telling, I read somewhere they use algorithms or something similar to track spending/paying patterns, I could pay it all now but would leaving my balance at zero for 6-9 months do me any favours??
    Originally posted by onlyfoolsandparking
    Usually if you are arriving at the end of an offer and after that interest or increased interest will be payable then pay off the card. Otherwise put the money into an interest-bearing account and use that to pay off the card when due.

    On further BT offers after the current offer has expired, it depends on the card you have: My Lloyds low interest card has ongoing offers which keep on coming and it's virtually the gift that keeps on giving. But some other cards use BT offers as a carrot to attract customers and after the offer expires you're expected to use the card as normal and pay interest. The latter type are just paid off when due and a new, different card obtained.
    Last edited by Anthorn; 12-08-2018 at 9:30 AM.
    • twokcc
    • By twokcc 12th Aug 18, 10:27 AM
    • 239 Posts
    • 97 Thanks
    twokcc
    • #9
    • 12th Aug 18, 10:27 AM
    • #9
    • 12th Aug 18, 10:27 AM
    Also have Barclaycard with an outstanding balance from a 2yr interst free period thats due to expire in about 12months time. Get a transfer offer every month from Barclaycard, this has gradually got better. Early ones were like yours for 12 mnth period. latest is for 2yrs with 2.4% charge.
    In your situation I wont use card at all then just do a transfer when you need to. Offers posted on my account on website and if you look about 25th of month you will see current month offer and next months offer. If one is dramatically better or worse you can do transfer on last day for current month or 1st for next months offers.

    Pay off balance in full or you will incur 18% interest on it if you pay off over next 3 or 4 months
    Last edited by twokcc; 12-08-2018 at 10:35 AM. Reason: added pargraph
    • onlyfoolsandparking
    • By onlyfoolsandparking 12th Aug 18, 12:00 PM
    • 368 Posts
    • 473 Thanks
    onlyfoolsandparking
    Lots of good options here, yes I know about the 2 offers showing near the end of the month as well, i think the best option is gonna be pay it off and see what offer i get next feb/mar if its not good enough i,ll just transfer to another one of the many cards ive got
    • Nasqueron
    • By Nasqueron 12th Aug 18, 12:01 PM
    • 5,786 Posts
    • 3,508 Thanks
    Nasqueron
    I paid off my BC BT card and left it open for a while with no balance, when I had something else I wanted to buy I used it again. I get regular offers for more BT even though I don't need them.
    • onlyfoolsandparking
    • By onlyfoolsandparking 12th Aug 18, 12:20 PM
    • 368 Posts
    • 473 Thanks
    onlyfoolsandparking
    that's good, its funny though how card companies seem to offer me great deals when i cant use them because card is nearly at its limit or i don't actually need a B/T at that time then the offers disappear when card is empty?? i always try and keep at least 2 cards at zero balance so ive got options that seems to be the key to success also MBNA seem to be the best at regular decent offers followed by Virgin and maybe Halifax
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