mart360

My wife has just informed me of a cracking b/card offer

2.9% on balance transfers for the life of the balance!!

no £50 spend to qualify

just done a quck transfer from my 14% cards

there is a 2% handling fee on each transfer... still a saving though

its better than the 6% i,m getting at the mo

Mart

fast bloke

you sure?? no catch? wonder if I can get my whole mortgage on there

mart360

only up to 90% of your credit limit..

but if you have a 100,000 limit .. good on yer mind you the 2% would be a killer

Mart

imlach

Barclaycard are the land of extremely low credit limits when doling out new cards for new offers.....many are lucky to get a £2k limit!

Whereas Egg etc seem happy enough to give out £15k limits at 0% quite readily to me & others.....

mart360

how long is the 0% for??

the 2.9% is for the life of the balance... and i had 6k available to use..

Mart

fast bloke

Egg also give you a new balance transfer period for 6 months from the date you started your card each year. would be frighteningly easy to get completely screwed with the credit limits though. They seem to default to about 8k unless you ask for more, so you get 15k. next step is 25k. then they offer you an Egg Blue

suprabeast

Funny thats exactly what they did to me too!

Iwan

Barclaycard were doing a 0% for life offer a while back, but it was only available from those little kiosks they set up in shopping centres and airports.

I didn't see it anywhere i went, good deal though by the sound of it.

S.B.

http://www.barclaycard.co.uk/Product...ance_Transfer/

messiah

I had a letter from Barclycard too - the max you can transfer is £5k IIRC.

Up_North

Just one note of caution. If you use the card for NEW purchases, any payment you make is first of all allocated to the balance transfer amount. Which means that the new purchases are steadily accumulating interest at whatever their standard rate is (15%???) - so by the time you've paid off your balance transfer those new purchases may have grown dramatically.

This is only a problem if you use it for new purchases - if you're just gonna use it for balance transfers then there's no such problem.

Ian

Senior_AP

WooooOOOOooOOOoOOOoOOOOOOOOoooOOoooo!!!!!

You old boys. credit cards, re-mortgage, HP, buy now pay later, debt, Norton Finance.

King RA

being a fat looser I'm more of an ocean finance person myself.

Senior_AP

Admitting it is the first step.

mart360

strictly balance transfer!!!

i spen the savings on the car!!!

new tyre next week

LOL

Mart

Drunken Bungle Whore

£15k on a credit card???? Can you sleep at night?


As for Egg - used to have an Egg Card - when I switched bank accounts I missed ONE payment and I have never known credit control like it. I had at least one text/ phone call/ letter AND email every single day while I sorted it out. Even though I explained exactly what happened, resolved it as quickly as I could and they said they'd 'made a note on my account'.

I payed the whole damned thing off sharpish and will never again touch them with a barge poll so there!

Peanuts

iTrader: (15)

I got on the 0~% for life (balance trans.) on the b-card.
minimum monthly spend is £1, minimum monthly interest is 50p
transferred 5k a while back and set up a minimum payment direct debit.
nice.
soon after I applied they changed to a £25 montly spend and tried to fob me off with that.
quick call later and I was back to cooking on gas.
woo yay!

top part is, football season tickets also qualify for 0% from now on.

warning about using it to make purchases is true because the transfer is paid off before they take anything off your purchases.