...said nobody, ever :laughing: hot deal chichi :smile:

Ta, all credit to the op

well for 28 months anyhow

cheers chanchi,better get in quick before it finishes :smiley:

For anyone wondering about combing the 0% purchases and balance transfer offers like I was in my earlier posts afraid I can't offer any extra info after all.

The script they read out prior to my BT didn't really make it any clearer either but as I'm no longer doing that I didn't ask for more details.

I was given a lower limit than my existing 0% BT card so I just made 4 small Sainsbury's purchases to qualify for the 5000 nectar points, paid these off my account to avoid any complication, then used the maximum amount for the BT (they quoted 95% of credit limit, but also minimum £100 buffer).

Also check they have your nectar card number. Can't remember if there was an option to provide it when applying, if there was I would have entered it, but there wasn't one on my account.

Took a while but my balance transfer fee has just been refunded, must have been tied to billing. Just under the 60 days quoted, was just about to phone up.

Thanks. I'm still waiting for my card through but will probably phone them to see if they give me a clearer answer when I do, so I at least have something on file if I do decided to do it and have any problems.

I tried to ask Sainsburys Bank a similar question and didn't get a straight/reassuring answer, so decided not to bother as had the potential to be more cost and hassle than it was worth. That said, the example given makes sense to me and is essentially the question I was asking them on the phone.

Hi, what you've outlined there makes sense, as the payment hierarchy will pay off the most expensive debt first e.g. purchases. General advice is not to spend on this card but if you did pay back the purchase spend before the expiry of the 3 month 0% purchase promo period, this should avoid any interest charges.

@morgie second opinion on the question above - ta

Did anyone who got the card use it for purchases for the 5000 nectar points? Did this work OK or cause any problems with interest in the balance transfer?

Sounds like you're cutting off your nose to spite your face.

standard to the point of ubiquity

yup

http://www.moneysupermarket.com/credit-cards/no-fee-balance-transfer/

Can anyone explain how the 0% on purchases for 3 months offer on this combines with the 0% on balance transfers for 28 months?

Say I transfer a £1000 balance and spend £100 in the first 3 months. As long as I pay off the £100 spending within the first 3 months does the £1000 still remain at 0% interest for the full 28 months?

I ask as it says 5000 bonus nectar points (worth £25) if you use it in Sainsbury's 4 times. But don't want to do that if it will affect the balance transfer offer.

Thanks for the reply. Thinking of applying for this to transfer an existing 0% card balance where the 0% offer is due to end when I need to remortgage. If I do will also transfer this month's balance from my cashback card used for spending which i pay in full, to build up a bit more in savings.

I know a Barclaycard Platinum no fee balance transfer card I have allowed multiple transfers during the fee free offer period so was wondering if this was the norm.

The online application lets you enter the details of more than one card. I can't remember the limit, but at least two. I'm not familiar with whether or not this is common practice, sorry.

I was going to ask if this card allows a fee free transfer from more than one credit card? Your quoted post suggests it does unless that s is a typo.

If so is that fairly standard for balance transfer cards or does it depend on the card provider?

I did not know any of this. Will dig out my paperwork & screen shot once the transfer balance has gone through

I would go down the complaints route

Use the words extreme dissatisfaction that you have been given the wrong product and because of Sainsbury's you are at a financial detriment. Keep the complaint open and once someone reviews it am sure they will offer you the fee refund and would also hold out for £20-£50 payment for inconvenience.

Go direct to the CEO office [email protected]

For information it costs the banks a fortune in cases where complaints get referred to the financial ombudsman if you cant come to an agreement with Sainsbobs.

Took ages for this card to arrive - they lost 2 of my signed /returned confirmation slips!

Anyway, now it's arrived & I transferred a balance across only to be told there is a 1.5% transfer fee (£27), of which 0.9% (£11) is refunded, not the full 1.5%.

Apparently I have been sent the 33 month card NOT the 28 month which I applied for.

I kept the screen shot on the application page, but advisor said they'd have to cancel my card & reissue with 28 month card which is too much hassle as I need it ASAP.

Any chance I could get the rest of the £16 fee back - any advise on how?

Thanks

I was approved of this when you first posted the deal; they insist on sending a paper agreement which took a week to arrive. Then the pin arrived a week later and the card arrived yesterday. Great deal but they could pick up the pace! :confused:

finally applied this week just got to return the forms

My balance transfer fee was also credited to my account last week. It actually shows as the same day as it was taken. For some reason it was £3 short, but I called Customer Services and they were able to correct that.

Yeah got the paperwork through but nowhere near the credit limit I wanted so only one transfer for me not the two I wanted. How folks are getting 12 grand must be very high earners?

I honestly don't think its too much to ask them to have the full offer in writing when I sign the paperwork.

I explained that if I sign the paperwork then I agree to all terms and conditions of the balance transfer as stated on the paperwork - which I didn't - as nowhere does it say "no fee for the balance transfer"

Notes on my account would not be worth anything - I would have signed paperwork that was different to what was offered to myself originally.

Dave

Balance transfer completed ~5 days ago following automated fraud prevention call from them, PIN arrived yesterday and card today. Registered for online banking (here) and can of course see the transferred balance and fee. Set a reminder to check back in a couple of months that it's been refunded. I'm not as concerned as some on here about that being an issue, already spoke to them once on the phone, had a note added to my account and have screenshots etc. Whilst it's not 100% reassuring as a brand I trust I believe they'll do the right thing, even if it means be following up.

Edit - one thing I did notice in the online banking is it didn't look like my Direct Debit for the minimum payment had been setup. Nothing showing on my bank either. I called to ask Sainsburys if it was underway, but they said nothing on their system (sure I specified it when I applied). To be sure, I've set it up online today.

Great deal Chanchi - thank you.

I had to call them for the third time this morning to tell them again I don't want to go through with it.

I receieved yet another contract to sign in the post this morning despite already telling them twice I didn't want it.

They again asked me why and the lady just could not understand why the fact that the contract they have asked me to sign does NOT state anywhere its a fee free transfer - is enough for not to want it.

I don't want to "take their word for it" as she said - I want it in writing before I agree to anything.

I think I have had a lucky escape.

Dave

no that 18 month i choose the purchase card. called them told them i changed my mind binned it

Does it also say 29 months on balance transfer? If so, see comment #195.

got the letter today debating on whether to go for it or not, £1500 limit ???

my summary sheet is saying 29 months 0% on purchases ??

Oh you're correct. Printed on the reverse of small print.

When I first applied for the card the web site said £12,000 now this second application has said £6,000. Not enough for me. So I'm not going ahead with it. I wonder if I have to inform them, otherwise it'll continue to be shown on my credit report.

Mine arrived yesterday - the credit limit was on an orange coloured sheet but was printed both sides, so I missed it initially as it looked like another page of small print!

wtf idiots.

might re try for that halifax one

OK, so I re-applied and it then said they would get back to me within 5 working days with a decision. The other application which I cancelled would've caused an alert on this new application. Anyway it's been about 7 work days now and I've heard nothing from them. So even if they do come back with an approved application I'll just give them a miss. If this is their customer service when you're opening an account, imagine how bad it'll be with you have a problem that needs resolving on an active account.

I returned my paperwork last Monday (had that through the post in the same week of application). No card yet, but today I received a fraud prevention call from them about my balance transfer to ensure I wanted it to proceed. Hopefully the card will arrive shortly.

Anyone got card or anything through post yet?

We are processing your application and will contact you either by phone or letter to give you an answer within 5 working days. If you have not heard from us after this time please call us on 08085 40 50 60. We are available from 8am to midnight Monday to Friday and 8am to 6pm Saturday and Sunday.

we will contact you in the next 10 working days.

lol just show me what my limit is damn it

COLD. got a paltry credit limit and the service (postal nonsense, weeks of waiting) is from the dark ages compared to a second provider who were just soooo much quicker and gave a limit many times higher. I applied for the 2nd after the first and had everything up and running way before the first was even out of the blocks.
Seems the supermarkets just don't do good banking products

all good

Got the deal as stated. excellent

I wasn't suggesting it was a good idea, simply acknowledging in my pedantic fashion that if you do it's your stated income rather than your actual that helps to determine your credit limit.

You've put stated in parenthesis there - I really must advise against the implied idea of overstating your income. Applications are compared, and if you lie enough that it's obvious, you'll get yourself on CIFAS and off any chance of obtaining credit for years

I'l admit that I might have worded my question in a more supplicatory fashion, but I don't see that it's a "rude" question to ask in a forum where we're all hiding behind anonymous user names. Factors that may affect credit limits are credit rating, size of requested transfer, and (stated) income. People seem happy enough to anonymously discuss the first two, so why so shy about the third?

Sorry faddy54, but I think it's a tad rude asking everyone what income they put on their applications, I noticed you've asked at least half a dozen people! Have some common sense and tact when it comes to personal finance matters eh? rant over!

By Sainsbury's or by balance transfer cards in general?

Can I ask what income you stated?

My BT is approx £3200

wish i hadn't bothered either now lol but awaiting my paperwork so fingers crossed everything is correct. What a ###kup by sainsburys. Is your credit score effected if you don't go ahead with it?

Hi - I have decided against doing the transfer.

My paperwork did have the right 28 months on - but it did NOT state the initial balance transfer fee would be refunded at month 2.

I rang them twice and they agreed it did NOT say it was fee free to do a transfer but that they had "logged" my phone call and if the fees were not returned then to call them.

Well no - I wont bother - ALL terms and conditions should be stated clearly and up front - even with screenshots I can imagine many hours on the phone trying to sort it out if it doesn't happen.

So a huge thank you to the OP - but I wont deal with a company who want me to "trust them" that they will do something - IO would rather have it in the agreement I sign.

Its a shame as this will probably affect my credit score now I have applied and not gone through with it.......

Dave

I just had exactly the same message - did you have a positive outcome with this?

Do you actually have to go thru with the transfer do you know?

Ie could someone do this on the application form to artifically increase the rate of lending?

I asked for £7k transfer online which has been approved.

ok that makes sense

they could review the limits at any time but doubt they would reduce

Yes I went for the 29 months 0% purchases.

If you state you are doing a balance transfer, but then decide not to are they likely to reduce your limit?

so which card/offer did you go for? did you go for the 0% for 29 months on purchases (not the OP offer)?

Would not recommend taking out the 0% for 28 month bt card as only has 3 months 0% on purchases

Generally will be given a higher limit if stating you are doing a balance transfer

Did you state you wanted to do a large balance transfer? I said no and my limit was only £2.5k...

(I will only be using the card for purchases)

I was given £12k immediately, I do have a good credit rating though somehow.

Offered me £8k, which I though was pretty good considering my available credit (on existing cards) is already around the £17k mark

Are people getting over the £1200 limit? Thats what previously put me off.

If I can get one with say a 5+k limit that would be great.

I also received the incorrect paperwork for this and I definitely used the correct link as I remember reading the bit about the balance transfer fee being charged then refunded - the paperwork I got says 18month interest free plus 3% fee or 29 months for purchases. Very annoying, you need to carefully check the paperwork they receive if you apply.

It would appear Sainsbury's have 6 credit cards on offer
Purchase
Dual offer
42 month Balance transfer
40 month balance transfer
33 month balance transfer
No balance transfer fee (28m)

No wonder everyone's getting confused

got accepted for an Amex..declined for this :confused:

No. This offer is for 28 months interest free on balance transfer with no fee (1.5% but refunded in first 60 days). It also features 3 months interest free on purchases.

You've applied for the 'Dual offer' credit card (on the right here). You'll have a 3% fee on any balance transfer, rather than a 1.5% fee that gets refunded (e.g. no fee).

Hello it says for me:

Representative 18.9% APR (variable)
0% p.a. for 28 months on balance transfers, fee applies
0% p.a. for 28 months on all purchases

is that the correct deal?

Looks like the majority of us have received the wrong paperwork / applied for wrong cards or theres been a mistake somewhere. How has everyone gone about getting it sorted?

applied and paperwork to be with me in 4 days. Great deal. transferring £1200

So, what exactly are you saying?

Of course. The last lender doesn't know you previously transferred it anyway.

Are there any similar deals with lower minimum monthly payment?

It means there is no balance transfer fee for all transfers done within 3 months of opening the account, anything transferred after that will be charged at 3%, minimum charge being £3.

Thinking of apply but looking at the small print states "After 3 months from account opening, the fee will be 3% (min. £3 fee at all times)." can someone explain what this means.Thank you

You'll have to make the minimum payment each month to avoid interest during the 28 month period, and of course be able to pay off in full by the end of the 28 months to avoid interest charges then. I believe someone mentioned the minimum monthly payment is 3% of the balance total each month.

Sorry for the stupid question but I'm rubbish with stuff like this! If I transfer my credit card balance over to sainsburys, will I get a monthly charge each month if I take 28 months to pay off the debt?

The website stated 28 months (I used the correct link), when the paperwork turned up it said 18.

Can you balance transfer a debt which was previously balance transferred? (double balance transfer)

What income did you state?

I doubt whether you can balance transfer to a Revolut card, but you can top up Revolut from a credit card for a 1% fee (to Revolut). According to Revolut, credit card companies treat Revolut top ups as purchases so not a lot of use with this card but more so with a card with a longer 0% period on purchases.

What income did you state?

What income did you state?

Hopefully I'll get something in the post then :smirk: Don't know why i didn't read it all. Guess I just assumed i would get an email conformation.

​I was waiting for an email...nothing 12 hours later.

But I made a screen shot ofl the final page...which contains a reference number... and the following:-

"Thank you for your recent application....We're pleased to offer you a credit card with an estimated credit limit of £xxxx"

It also says I'll receive some bumph in the post.

So job done...hopefully

On what income?

Yes, I've been waiting for an email for a couple of days now. The final page had a reference number which I jotted down but I don't remember seeing any details of a decision.

I was told the same thing on the phone. If there's any issue I have some screen shots and can reference the phone call, hopefully that would be enough.

Mine came in post today - but can't see a credit limit on the documents.

It just says "we will set the credit limit"

Also no mention of the initial charge for balance transfer being refunded - but did mention it on site when applied ?

Will call them.

UPDATE - I missed a page that was printed on the reverse of one of the "small print" pages - this has a credit limit of £12000 printed on it - so one question answered - I am only transferring a balance of £4000 and the card will never be used for anything else.

BUT the lady on the telephone confirms that the "refund" of the balance transfer fee is NOT mentioned on the paperwork anywhere - but she assures me it will happen..............famous last words !!

This last point seems very strange - surely it state implicitly that any balance transfer fee will be refunded ??

Dave

Dave

​Damn. I assumed they would email me. I think I closed down the browser after inputting all the details

It shows up straight after you've input all your information.

How long after you apply online do you get a decision?

Crap so I think i've applied for the wrong card too. I used the Get Deal link urgh...

Great deal. Have applied, probably be rejected but heat regardless

No, I also got the wrong documents through the post today. I definitely went through the OP's link and applied for the correct card and they've sent me the 18months 0% balance transfer card with 3% fee and 0% on purchases for 29months card application. Called card services earlier who said I need to re-apply which would mean another credit check! This is the first time a credit card company has messed up an application. I hope everyone reads the documents carefully before signing and returning.

that was the link that i put in the deal link - but always a chance that hukd tracking could redirect to the wrong page

when you signed up for the credit agreement the terms and conditions explicitly reference the 28 month offer. i suspect you went to another offer on the sainsburys site (easily done) - maybe call customer service to explain the situation and see what they can do.

That was the link in the body of the text not actually the link that appeared when you clicked 'get deal' or was it? Can you confirm the link that it took you to via 'get deal' so I can work out whether I applied for the 42 month by accident. 99% sure I didn't though...

Did anyone else notice a different offer showing in their credit agreement? Most people probably didn't read them thoroughly.

If it's useful for anyone to know, they let you balance transfer up to 95% of your credit limit. It's to allow some head room for the initial 1.5% fee, that as the OP states will then be refunded within 60 days. I called them up last night to adjust my balance transfers as they were higher than the credit limit I'd been offered. Fairly straightforward process and helpful staff.

Here is the link that I put in the OP https://www.sainsburysbank.co.uk/credit_cards/micro/cca_nobtfee28s_micro

They seem to have updated their site directly now and is also accessible on https://www.sainsburysbank.co.uk/credit_cards/no-bt-fee-card

My credit agreement says 0% for 42 months. Can OP confirm what the original get deal link was to? I see sainsburys also do a 42 month card with a 2.3% charge for balance transfers. Have I some how applied for this card by mistake? Or have Sainsburys made a mistake?

Possible you clicked on 'Get Deal' rather than copying the URL when you signed up? I almost ended up applying for the wrong card.

I got offered £12,000 and my clear score rating is 505 out of 600, which I believe is just slightly over the average rating.

Anyway my paperwork came through and it only said 18 months on balance transfers and 29 months on purchases. So I've binned the application as my current cards are interest fee for pretty much the same term.

Do u have high credit score..? And what's ur income, if u don't mind me asking..? Guessing they asked & partly based it on that..

Thanks a lot for your reply :smiley:

I've already got a different Sainsbury credit card which I pay off each month. Does anyone know if i can still apply for this or will it be new customers only?

Yep so you pay £60 upfront as the 1.99% fee and then you receive £3000 into your current account and pay of £200 of that until it's gone.

Then you're account would be on £0 so you can borrow more at 0% until the offer period ends.
Or initially borrow more so that you pay £200 per month for the full 32 months.

Minimum payment is £200 a month for 16 months

To do the maths you need to know the minimum payment on the card per month, which isn't in the picture you sent.

To tell you I am really strict in following rules but one thing I don't get is that their terms and conditions are really confusing...

Correct. But if you're struggling on it (I'm not 100% clear myself) I'd advise not to get that card. Banks make money off credit cards, specifically off the people who can't follow all the rules.

Be wary.

p.s. Perhaps better to put this on the forums as it's not related to this deal

It will be of great help if somebody can please break this down and advise me better.Example: lets say I want to make a money transfer of £3000k from Virgin credit card to my current account do I get 16 month to repay at £200 per month
Note your final payment could be less than this at 0% interest.. Other thing I don't is about the Representative example Purchase rate:19.9% p.a.(variable) on card purchases Equivalent to:19.9% APR representative (variable)Based on borrowing:£1,200

PLEASE CAN SOMEBODY HELP EXPLAIN...

http://uk.virginmoney.com/virgin/credit-cards/money-transfer-cards/

I have £14 total debt from 2 credit cards, and at the moment am paying quite a bit of interest off so looking to get interest free.

I have just applied for this and have been rejected.....Strange as I have never been rejected before, in fact the credit card company usually approves a certain amount, ie £8000k.

This offer is too good to be true maybe? Or possibly they have had too many applications? Wish I had applied yesterday when I saw the offer now

They'll offer their own credit limit.

This can be a sizeable difference. £50 vs £150 per month on a 5k balance.

Whilst its paying the debt off, I can see how someone might rush into switching without noticing that detail so it is worth mentioning

How long does it take to get the Balance transfer done for this card?

Does anyone know if one can transfer credit limit from an existing card to this new one ?

​paying off expensive high interest debt with cheap low/free debt is a smart thing to do. lol ing at people for doing it is not a smart thing to do.

Got a meagre £1,200 credit limit...

MBNA & Barclay's were doing 0.64% fee on 32 months interest free with £20 direct cash back from them if you balance transfer more than £1,000. If you plan to transfer between £1,000 & £3,125 these would be a better deal as at £3,125 you'd pay £20 fee which would be offset by the cash back so effectively free and get 4 months longer interest free period. less than £3,125 and you're in profit. must be more than £1,000 to get the £20 cash back. strongly recommend MSE credit club, it will tell you which cards you are most likely to be approved for before you apply.

Some things are just never good enough for some people. They want 0% on transfers, 0% transfer fees, 0% interest at a 0.5% minimum payment...

People forget that banks are businesses.

What were you hoping for? I know some cards can be closer to 1%, but still for the benefit of shifting a large balance to this for 28 months without interest I don't think 3% is at all bad. Where are you moving your balance(s) from?

Any idea when they'll pull this deal/card?

I get that, but I just wondered if those first 3 months of purchases were considered seperately to purchases after those 3 months.

But yep it makes sense that it follows what you said.

Thanks!

Interest will kick in after the first three months.....otherwise it would be a longer than 3 month 0% period on purchases.

We signed up for this but the minimum payment is either 3% of balance or equalled over the 28months so it isn't that much of a good deal. Sorry

The 0% interest on purchases in the first 3 months.

If, in the first 3 months I spend £1000 and after that spend £0. Will that £1000 (from the first 3 months) begin growing - ie. does the interest kick in, or is the spending in the first 3 months ring-fenced and protected?

Yes, and each month (of the first 30) your minimum payment would be ~1% of the outstanding balance on the Halifax card. A credit limit is just that, a limit, not a target, so don't feel you need to max the card out.

Get your £10k working for you. Assuming you don't have a mortgage that's worth over paying on (without penalty fees) to keep interest there down and pay off quicker, then look into the best savings account for you - http://www.moneysavingexpert.com/savings/savings-accounts-best-interest

It did sound to good to be true lol. I guess if I get a credit limit of £1000 and spend only £200. I would only need to pay back the £200 over the £30 months? 0% interest free.

I think I'm going to have to look into savings accounts too. As I have 10k in savings one account doing nothing.

You MUST make the minimum payment every month of the promotional period to avoid any interest charges. You can of course pay more than the minimum payment. You also need to be able to pay the FULL balance off at the end of the promotional period to avoid interest.

If you're applying for a card like the Halifax one offering a long interest free period on purchases, consider at the same time opening a new savings account to start to save cash back to pay it off when the period (30 months in the case of the Halifax) is up. That way you're preparing yourself for when you'll need to pay it back and benefiting by earning interest, rather than paying it! E.g. if/when Tesco Bank re-open applications for their 3% interest account (max balance £3k) - http://www.hotukdeals.com/deals/tesco-current-account-pays-3-aer-savings-balances-up-3-000-guaranteed-from-april-2613103

So If I get that card. I have 30 months 0% interest. Meaning I can pay it back within 30 months interest free. And if some months I don't make the payment I won't have added interest unless I go over the 30 months period? :man:

You want to do it the other way around really if you currently have no credit card with debt. 3 months is not a 'hot deal' for an interest free period on purchases. E.g.

1.) Take out an interest free PURCHASE card with a long interest free period. The Halifax card is a good current deal here, 0% interest on purchases for 30 months. http://www.hotukdeals.com/deals/halifax-0-purchase-credit-card-for-30-months-2-half-years-2618311

Over the 30 months spend on that card, as long as you can make the minimum payment each month you'll pay no interest. Obviously have some plan as to what you're going to do when the 30 months is up(!)


2.) As you head toward the end of that 30 month period, keep an eye out for a balance transfer card with no fee to transfer your balance and a long interest free period. E.g. like this very post for the Sainsburys card. Effectively no fee to transfer your balance (it's 1.5% but refunded in 60 days) and then interest free, again as long as you make the minumum payments each month, for 28 months.

Hope that makes sense? But there's no guarantee an option like this card will be around in the future. I guess I have to stress, with any credit card have a plan as to how you're going to cope when any promotional period ends. Ideally you have the savings to pay the maximum card limit off in full from day 1, but rather than do that you're using your savings to earn some interest in a current account or ISA etc, while you enjoy the benefit of interest free spending.

"Thank you for your recent application for a Sainsbury's Bank Credit Card. We're pleased to offer you a credit card with an estimated credit limit of £12000"

So basically an interest free loan for 28 months, thanks for the heads up :-)

So If I signed up for this credit card with Sainsburys, bought some things and then towards the end of 3 months, transfered my balance to another credit card deal like the Halifax one. I would get 0% interest for 24 months for example or whatever they are offering. And then I would have 24 months to pay that back. Is that how it works.

That 0% for 29 months is for purchases, not balance transfers.

For balance transfers the card you link offers an interest free period of 18 months, but with a transfer fee of 3%. The deal this thread is posted for is interest free on purchases for 28 months with no transfer free (1.5% but refunded in 60 days, so effectively free).

No. This card's main benefit is the balance transfer aspect - interest free for 28 months on the balance you transfer from an existing card. The example you give is relevant for an interest free purchase card, where you can purchase up to the limit they set you and only pay the minimum card payment each month for X months without incurring interest. This card only offers 3 months interest free on purchases (not a great deal).

For a card with a long interest free period on purchases see a previous reply here, comment #76.

Oh, okay, I understand. This deal is for people with credit debt balances. I don't have any debt so I guess this deal isn't for me.

Another option: 0% for 29 months plus 5000 nectar points if you spend £250 in fuel or shopping with Sainsbury' within the first month. https://www.sainsburysbank.co.uk/credit_cards/micro/cca_purchase29k_micro?sid=127k&cid=AGG_ALL_091501

Pretty much, no extra if paid off within the 0% period (but you'll need another card this is 0% interest on purchases for your first 3 months only).


Update: I got rejected for £2,100.

Thanks morgie

So because I have always actually spent my my own money I'm a little confused at credit cards. Does this mean I can buy some computer parts and then have 28 months to pay it back?

Any ideas on this guys? Would be great to shift all balance and get cash...

Will apply as my Halifax ended and getting like £50 charge a month, do Sainsbury's Bank not have an iOS App? Will suck as I prefer to manage on the go (love Halifax's app with Touch ID) but can't find anything on App Store for Sainsbury's Bank or Sainsbury's Bank website (only online banking https://online.sainsburysbank.co.uk/servicing/signin)

Thinking of doing the same, just making sure all the numbers are as they seem. So long as we transfer but don't spend on the card - it's essentially free - right?

Bet you can't afford to go to parties.

Got a balance on a card with 0% that end in a couple of months time! Tempted to go for this & transfer the outstanding balance.....

Same here, no follow up email of offer which is strange... presume everything will come in the post.

I disagree. If you're transferring a large amount, 2.3% can be a lot. Better to take the free transfer for the shorter period and re-transfer later on.

It doesn't mean more debt. For example, you have a credit card with a £5000 limit at 0% for 3 years. For 3yrs, up to £5000 you put things on the card.

This means by the time you've maxed it out, your current account is £5000 better off. Along the way you have invested these current account savings (i.e. low cost index tracker can quite comfortably make 5%).

If you keep moving that £5000 debt over 0% transfer cards, you make £250 a year through the interest.

ALSO

If you might have made a big purchase on a credit card, so that you have better buyer protection. You can then pay this off slowly, a 0% transfer extends the time. If I buy a sofa for £2400, that's £100 per month for 2 years. If I can transfer that balance to add another 2 years on at 0%, then it's £50 a month. A lot more manageable.

Agreed. Take the free transfer and after 28 months make sure you're able to pay it off OR hope that there's an alternative you can switch onto - never ending switch!

"2.30% balance transfer fee applies to transfers made within your first 3 months, 3% afterwards (min. £3 at all times)."

I'm a much bigger fan of a 1.5% balance transfer fee that will be refunded in 60 days (so effectively free) and then interest free for 28 months rather than a 2.3% fee and interest free for 42 months, but it will be down to individuals to do the maths and work out what's best for their circumstances.

It's no fee for first 3 months and 3% afterwords so you can't say no fee at all.
This one is 0% and much better than the OP has put.
https://www.sainsburysbank.co.uk/credit_cards/micro/cca_bt42t_micro?sid=717t&cid=AGG_ALL_091501

Do you know how long will it take before you get approved?. I applied today at around 11am, clicked finish button but i did not received any acknowledgement emails so im quite anxious if it did went through.

you are an Angel... This is exactly what i need...cheers!

Thanks again :smile:

Theyd be in breach of data protection by asking the card coy for details so no IMHO
Obviously it comes down to ethics but when have Banks ever been ethical

Didn't expect to be accepted but I was and now all of my credit card debt will be interest free for what will hopefully be long enough for me to pay it off!

Not on what I was offered. Maybe that deal isn't around anymore...

From VirginMoney website: "40 months at 0% on balance transfers - 1.79% fee applies"

The Sainsbury's one is the longest fee free balance transfer card.

This is on my Tesco card whilst trying to transfer:

''IMPORTANT INFORMATION
You can only transfer a balance from a card held in your own name.''

but then they only ask for the card number and the amount to transfer like you said... You need to tick to accept those terms, any consequences for doing it?

just pay it off

I applied and they said they will post out the agreement to sign.

I've got £3000, I currently have £6000 with Santander, 909 out of 999 with Experian

Should I have received an email confirming my application? I had the page to say it's been accepted but no email.

Not the longest fee free balance transfer card. Virgin give up to 40 months.
This is still a great deal anyway!

​I'm also waiting for a response. I requested a transfer of £12k... Not sure whether that's had an impact

Thanks for the quick response, I'll have a look on my existing cards, I know one of them stated it had to be transferred from a card in my name but can't remember which one.

​Don't be silly. It's paying debt off with less debt as you're saving on future interest charges.

very few allow you to do but ive done it loads of times over the years to mates / family members credit cards

All you enter is the Card number and amount so technically they have no way of knowing whos receiving the funds other than the card company

Can anyone recommend any credit cards where I could transfer debt from my partners cards? According to the eligibility check I only have a 10% of chance to get this card despite having a decent credit score, most other cards I have 80-100% chance but unsure of which ones would allow debt to be transferred from a different name? If possible?

Blazing hot deal Chanchi32.:smiley:

Thank you :smiley:

thanks

Thanks got offered £4.6mil limit, will use to buy another small yacht for my lake plus some weetabix (one of the 72 packs)
Thanks OP

i just applied for mbna and accepted, so any "side effects" for apply this card.
thanks

Have most got an online confirmation straight away, that's what usually happens for me? My decision going to be by post or telephone within 5 working days....

Thanks OP

Sounds like a good plan for people. Buy past tents for people who want to buy present tents in the future. Tents.

Does this card allow a bank transfer? (at these rates)

We just got the LLoyds platinum with 32 months interest free as long as you pay the minimun, they gave us £9500 so were transfering all our ones onto that card as we buy and sell tents on clearance so we spend a fair bit. It then lets you transfer for a further 90 days and if we use our asda card we get 0.5% cashback first then transfer it, there is a £20 cashback on first transfer from Lloyds and then a further 12 months interest free spend on the card - can't go wrong!!!

We buy our tents then have 2 yers to sell then then invest the money in a tesco 3% account..........

I have one. The balance transfer offer is great but be warned - their online services are atrocious and you'd better hope you don't have to call their customer services because it's difficult to get through to someone.

Once I tried to navigate the telephone menu maze and ended up talking to a very confused advisor at the Halifax.

Mine went through at £12k

People, saving money on a deals website? My aching sides.

credit card balance transfers. You would need a cash transfer
, Virgin do some decent ones although they have smalll fees

HI can I transfer money into my account to clear overdraft as says balance transfer? thanks

I can't speak on behalf of the Chanchi :laughing: but as I just replied to someone else above, how about 30 months interest free on purchases with the Halifax?
http://www.hotukdeals.com/deals/halifax-0-purchase-credit-card-for-30-months-2-half-years-2618311 Obviously assuming you're purchasing from a dealer who takes a credit card payment (they might charge a fee too?).

30 months interest free on purchases with Halifax - http://www.hotukdeals.com/deals/halifax-0-purchase-credit-card-for-30-months-2-half-years-2618311

cool - this looks good, is it common these days to have fee free balance transfers cards, I have a balance to shift over which I expected to pay a fee for, seeing this post should I jump on it now or are these deals still likely around in a few months?

My current 0% card doesn't start charging my any interest until June

the offer 4 weeks ago was better an extra month and nectar point bonuses. just waiting for my card, very generous credit limit given. :0)

Chanchi plz advise me, I need to spend around 10-12k for buying a car ...any option for me with less interest ??

Not an expert on credit cards but looks like a good deal.

What would be a typically a good card for 0% purchases - Is 24 months quite standard now days?

I have no credit but considering opening up another card with good 0% purchase rates...

some very polarised views of this! The way I see it, if it means repaying a debt much faster without the often obscene interest charges seen with credit cards then it's great, giving folks a route to being debt free quicker.

Well done if you don't need it, but sneering at people proactively looking to pay back their dues faster is a bit odd.

Cheers OP - heated - very timely as my current one is due to expire in May. Accepted with a £12K limit.

Thanks Mrs just used it for a balance transfer 28 months fee free transfer is crazy

Lol at people paying debt off with more debt

anyone know which is the best card to get like a loan from? i.e money transfer
thanks

I got a letter of my mortgage company last year saying that I could now make payments with a credit card if I wished. Have not used it but if one does it I would imagine they all do.

The online servicing / website is a bit rubbish.

See my earlier response. When you sign up in the balance transfer terms they exclude a load of store cards etc. I think it's just for credit cards.

Or you're just making the most of earning some interest on the cash in savings accounts for 28 months before you pay off in full at the end of the interest free period?

Bet you're fun at parties.

You shouldn't need to transfer a balance. If you do, you're irresponsible with money and will go broke one day.

Hot Hot Hot !!!:sunglasses:

Does this work for overdrafts on a debit card?

Monthly repayment: 2.25% of the balance shown on your statement is likely to apply (fairly high, but still plenty of credit attracting 0% over the 28 months).

Heat added.

Could this be used to pay off a very.co.uk account, Littlewood's ect?

Useful - thanks!

What credit cards are good for? Do you not have any savings?

I'm guessing existing customers are out of luck?

Can you balance transfer to a revolut card. Making this an easy way of getting cash in the bank for free.

​??

CBLFAL

​Well all credit should go to MSE Martin Lewis as this is most probably where the info came from :wink:

I took Tesco No balance transfer fee cc last month - 24 months, £33.30 TCB + 2000 Tesco points by playing referrals with my OH. Yes, this gives 4 extra months but I like to paid too :smiley::wink:

The 42 months product has a 2.3% fee - so on a £10k balance transfer you would pay a one off cost of £230.

The 28 month offer has no fee. The trade off that you need to consider is if you are willing to pay a fee for the extra months 0% for the 42 month deal, personally 28 months is fine for me and not willing to pay a fee.

no - if you are after a credit card with a money transfer best deal is Virgin 0% for 32 months with a 1.99% fee

2nd on the web page http://uk.virginmoney.com/virgin/credit-cards/money-transfer-cards/

I do see 42 months as well. correct me if I am wrong but isn't it better than 28 months? I followed previously mentioned libk and got 28 months option as well but 42 sounds better isn't?

Does this include money transfers as well? Couldn't see any detail on them when following the link.

When you sign up in the balance transfer section they list exclusions - I only briefly scanned it, looked mainly like store cards. I'd imagine it's only for credit cards, but guess a call to them could confirm.

Does anyone know if the BT is ONLY Credit card transfers? Can I move a car loan onto it?

need this link https://www.sainsburysbank.co.uk/credit_cards/micro/cca_nobtfee28s_micro

When you follow the above link it states:

Representative 18.9% APR (variable)
0% p.a. for 42 months on balance transfers, fee applies
0% p.a. for 3 months on all purchases

Has this offer changed or am I doing something wrong?

Hahahaha :laughing:

Ah Thankyou, lol don't know how I missed that I looked everywhere :laughing: thanks

#awks :smile:

Sorry if it's already been stated and I've missed it but does this card offer 0% on further purchases too for 28months? Or is it just the balance transfer that's 0%?

I have no clue about these types of credit cards could someone explain what the advantage of them is? Like could I pay off my £5000 car finance with this card? Apologies for being clueless

This is a great question....love to know for sure.

Late again...

Ta Chanci :smile:

Can you make mortgage payments with a credit card?

Great deal Chanchi :wink: Heat added

Link worked for me, will apply tomorrow :confused: . Thanx Op HEAT

Anyone else finding the 'Finish' button at the end and/or link to sign up to online banking is fairly broken?

Be interesting to see what sort of credit limits they are giving out.

Nice one. They offered me £9000 limit. My mbna 0% deal doesn't expire until April, but I may as well get this now rather than risk getting rejected in two months as I'm about to move house. Thanks very much <3

Good deal.

Advert only says 0% for first 3 months.

Confused

Card that the Link takes you to says:

Representative 18.9% APR (variable)
0% p.a. for 18 months on balance transfers, fee applies
0% p.a. for 29 months on all purchases

Thanks chanchi

A £9,000 offer would appear to be a good sign, in my experience its difficult to get over £7,000 if they are just looking for a tag line rate to attract customers

great thanks chanci

Guess who is back? :sunglasses:


Heat added :smiley:

This is a good deal... I've just set my Mum up with a 26 month Halifax card, free transfer but also £21 TCB. That hasn't tracked yet mind, but I'm hopeful :smirk:

I'd personally rather have the extra 2 months than £21 anyway, heated OP!

So this would be totally free if you pay balance off within 28 months?!

Smokin :sunglasses:

...said nobody, ever :laughing: hot deal chichi :smile:

cheers chanchi,better get in quick before it finishes :smiley:

Good deal. Thanks.

Ta, all credit to the op

well for 28 months anyhow

Thank you chanchi, heat added :smiley: