0% on balance transfers for 40 months2.85% effective balance transfer fee(Initial 3% fee, 0.15% refunded within 90 days)18.9% representative APR0% on purchases for 6 monthsOnly available until 7 March 2016
Beware - its UP TO... not guaranteed... 40 months...
- Babbler
Top comments
bellboys
23 Feb 163#11
And potentially 49% won't :stuck_out_tongue: I've voted hot BTW, not being negative. I just thinkit needs to be made aware that you aren't guaranteed the 40 months even if you are successful in applying. And there are cards that offer better deals than 20 months interest free (in fact the AA card offers up to 22 months with NO FEE)
PS I recommend checking eligibility before actually applying. This can give a decent indication of your chances of being accepted BEFORE you apply and potentially **** up your credit score by being turned down. This puts a 'soft search' on your credit file which you can see but the lender can't. Recommended.
A general question, are you more likely to get a balance transfer application approved compared to a new application or it doesn't matter?
M_z to hsnali
22 Feb 16#2
I don't think it makes any difference.
richardhopkins1 to hsnali
22 Feb 16#4
shouldn't make any difference no. longest I've seen in a very long time or maybe ever.
10dulkar to hsnali
23 Feb 16#13
makes a huge difference! you are more likely to be approved and are more likely to get a higher credit limit if you do a BT at time of application, than if you dont.
barryallott to hsnali
23 Feb 16#24
Balance transfer is still debt. You will be approved on your credit rating regardless of the balance transfer.
aperfectm
22 Feb 16#3
Nice find.
richardhopkins1 to aperfectm
22 Feb 16#5
Thanks
HotUkDale
23 Feb 16#6
Worth a look, heat added thanks :smiley:
bellboys
23 Feb 161#7
The 40 months depends on your credit score. If it isn't almost perfect you run the risk of getting 20 months interest free instead. Not nearly as impressive. the Virgin card is different in the sense that it's an all or nothing card. If accepted you WILL get the full 38 months interest free and the fee is cheaper at 2.49%.
richardhopkins1 to bellboys
23 Feb 16#9
at least 51% of people will get 40 months 0%
Babbler
23 Feb 16#8
UP TO...
Its like the UP TO 50% off sales... 1 item at 50% and the rest at 10 to 20%... great marketing ploy... and once accepted you feel you need to take it as its marked your credit report so cant really apply for another elsewhere.
suni
23 Feb 16#10
good find.
bellboys
23 Feb 163#11
And potentially 49% won't :stuck_out_tongue: I've voted hot BTW, not being negative. I just thinkit needs to be made aware that you aren't guaranteed the 40 months even if you are successful in applying. And there are cards that offer better deals than 20 months interest free (in fact the AA card offers up to 22 months with NO FEE)
PS I recommend checking eligibility before actually applying. This can give a decent indication of your chances of being accepted BEFORE you apply and potentially **** up your credit score by being turned down. This puts a 'soft search' on your credit file which you can see but the lender can't. Recommended.
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Opening post
0% on balance transfers for 40 months2.85% effective balance transfer fee(Initial 3% fee, 0.15% refunded within 90 days)18.9% representative APR0% on purchases for 6 monthsOnly available until 7 March 2016
Beware - its UP TO... not guaranteed... 40 months...
- Babbler
Top comments
PS I recommend checking eligibility before actually applying. This can give a decent indication of your chances of being accepted BEFORE you apply and potentially **** up your credit score by being turned down. This puts a 'soft search' on your credit file which you can see but the lender can't. Recommended.
https://www.moneysavingexpert.com/eligibility/credit-cards/
All comments (28)
Its like the UP TO 50% off sales... 1 item at 50% and the rest at 10 to 20%... great marketing ploy... and once accepted you feel you need to take it as its marked your credit report so cant really apply for another elsewhere.
PS I recommend checking eligibility before actually applying. This can give a decent indication of your chances of being accepted BEFORE you apply and potentially **** up your credit score by being turned down. This puts a 'soft search' on your credit file which you can see but the lender can't. Recommended.
https://www.moneysavingexpert.com/eligibility/credit-cards/