Sub97

Does anyone know if any credit card companies are still doing the 0% balance transfers with no handling fee please?

I can find loads of places doing the 6/9 months interest free balance transfers, but they all charge a 2% handling fee

Cheers

Steve

Jamo

iTrader: (23)

have a look here mate

you would be better getting a loan, it will take a shorter time to pay off and will cost you a lot less in the longrun!!!

hth

james

fast bloke

www.thisismoney.co.uk

ChrisB

Why would paying interest at 5 or 6% on a loan be better than paying a 2% charge and then 0% interest?

rik1471

Suppose it depends on the size of the balance.

Sub97

Cheers guys.

carl

Just transferred from Barclaycard to Lloyds TSB Platinum. 2% handling charge for balance transfers, but this is waived for transfers in the first 6 weeks. Then 0% interest for 9 months.

Jamo

iTrader: (23)

because christopher, once your 0% bal tran stops you will be paying a higher rate of interest, and if you pay minimum payments your card can take up to and over 20 years to clear off.

with a loan its generally a typical apr, (in english if the base rate drops it will follow suit, but it will NEVER increase!!!") usually lower than a credit card, and taken over a set period of time, maximum generally being 84 months or 7 years.

James

gso

I recently got hold of the halifax one credit card... 0% on balance transfers and purchases for 12 months

ChrisB

No, really? And where did the poster say they wanted to not repay the money before the 0% offer period expires?

PS. Who says I'm Christopher?

Chris L

We'll call you Fred then

Who's to say that they can't just move it on to another 0% card at the end of the term? I've known people do this juggling half their mortgage at 0%!

Jamo

iTrader: (23)

they didnt indicate if they did or did not want to.

sorry christine, just presumed you were male.

carl

All very well as long as you get you new CC applications in at the right time. When I swapped Barclaycard->Lloyds the Lloyds card took ages to turn up, and I ended up paying £23 in interest one month. Wouldn't have like to have copped the 15.9% interest on £100k at that point!

ChrisB

Exactly, so it's not correct to say "you would be better getting a loan" if you don't know how long the term would be

Jamo

iTrader: (23)

anything longer than 0% offer is better on a loan *presuming the interest is lower and typical, and the loan is fully flexible.

Sub97

Cheers guys.

I only need the cash for about 5 months, then I'll have paid what I owe off.

Big Den

the 2% charge usually has a maximum. i.e. 2% of the transfer value or ~£50 maximum.

Been there, done it, bought the t-shirt, sh@gged the cast!!!!

and if you manage things efficiently, you can just keep applying for new 0% cards. What you have ot watch for though is that a lot of the cards available are actually for the same few banks - for example the Skycard is administered by Barclays. This may affect your success in applying or limit the ability to transfer balances - Barclays would not allow you to transfer a balance from their own card to the skycard for example.

HTH

Den

sti-04!!

Ths post office are just about to launch one that gives 9 months balance transfer, backed by the bank of ireland.
Should be happening over the next week