Longest balance transfer at the moment at 0% and a low 1.69% transfer fee
Top comments
michaeljb
17 May 179#13
these always seem good, but they always refuse to give me one, all I wanna do is withdrawn the full amount and stick it on a roulette wheel (probably red) then when I win I'll pay them back straight away, what's their problem? it's not like im not good for it, my bank statements clearly show my JSA every 2 weeks so they know I have income geeezzz
manicmidlander
17 May 175#1
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.
All comments (54)
manicmidlander
17 May 175#1
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.
dudea729 to manicmidlander
17 May 17#9
Might be worth phoning the lender directly before applying?
Or apply for multiple balance transfer cards ( ideally those with a 0% fee)?
akajay07 to manicmidlander
17 May 171#10
I'm in the same boat. Loads of these going hot lately but I'd take one of the 28months fee free ones over this any day.
mtuk1 to manicmidlander
18 May 17#38
Find us a 40 month balance transfer card with no fee then please.
fulous to manicmidlander
18 May 17#46
There is nothing like that, what will the credit company gain by giving you 0% interest and 0 fees for 3 years??? thats like a 3yr interest free loan, unheard of...
jezzery to manicmidlander
5 Jun 17#54
As a seasoned stoozer, do you know of a way to get balance transfers into a mortgage account. There used to be the egg card that allowed positive balances but since that closed there doesn't seem anything similar. Cheers
huddsguy
17 May 171#2
These are getting better and better. No need for loans anymore as long as you borrow under 10k!
manicmidlander to huddsguy
17 May 172#4
Lots of very good offers around at present. If you are sensible with your credit
t002236 to huddsguy
17 May 17#5
Would they transfer cash into my bank account?
HantsShopper
17 May 171#3
You only get the 40 months free balance transfer deal if you qualify for one of their two lower rates, otherwise it is only 20 months and a potential rate of 27.9% beyond that. After initial 90 days any further transfers incur usual 3% transfer fee.
JusticeForThe96
17 May 17#6
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
akajay07 to JusticeForThe96
17 May 17#11
I'd be inclined to advise her to just apply for it. If she gets a £4k limit then she would be paying half the interest that she currently is.
matteava to JusticeForThe96
17 May 17#14
+1 for trying to apply! I recently got a new credit card from Lloyds (28 Months 0% on new spending) despite being refused by 3-4 other banks in the previous 2 days and with a crappy credit score
kwl147 to JusticeForThe96
17 May 17#24
You could move part of that debt off to a 0% balance transfer and 0% transfer fee card and pay that off. Its always worth it even if there is a 4K limit because as long as you meet minimum payments you still won't pay interest and you'll pay less interest than you would on the full 7/8K. As far as I am aware, there is nothing to stop you from applying to a few cards that have 0% balance transfer/0% transfer fee. I'm sure if you got a few you could split the 7/8k between them.
There was a deal posted with Sainsbury which is better suited in terms of 0% transfer fees. Obviously this is a much longer 0% interest rate duration (28 vs 40 months).
edanfalls to JusticeForThe96
18 May 17#37
Others have said to just apply, but to be more specific you could use MSE eligibility checker to find a good offer that your sister is pre-approved on and that offers instant decisions. Because you're pre-approved, you'll get the advertised rate and 0% bonus, it's just a question of what limit they offer. Complete the application and they'll tell you instantly what the limit is (providing there isn't a problem with your address or credit history). Then you can decide there and then whether to go ahead with it.
Bobef90
17 May 17#7
check Martin Lewis's moneysaver site .... has useful tools for all credit related stuff.
Personally don't understand why anyone would pay a 1.69% fee when you can get a zero fee for 2 months less
seems crazy IMHO
OllieSt to dodgymix
17 May 17#18
Who is that with?
PMX to dodgymix
17 May 17#29
Hi, who's currently doin the deal you're talkin about here ?
Holdsworth37 to dodgymix
17 May 17#32
Whats the longest fee free card available? Thanks
JusticeForThe96
17 May 17#12
Naturally not a bad idea, but shes in a good position with her credit score and I don't want to suggest something which would impact that!
Thats fair enough mate, but was hoping to help her consolidate things into one, make it easier and more manageable.
michaeljb
17 May 179#13
these always seem good, but they always refuse to give me one, all I wanna do is withdrawn the full amount and stick it on a roulette wheel (probably red) then when I win I'll pay them back straight away, what's their problem? it's not like im not good for it, my bank statements clearly show my JSA every 2 weeks so they know I have income geeezzz
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Opening post
Top comments
All comments (54)
Or apply for multiple balance transfer cards ( ideally those with a 0% fee)?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
There was a deal posted with Sainsbury which is better suited in terms of 0% transfer fees. Obviously this is a much longer 0% interest rate duration (28 vs 40 months).
http://www.moneysavingexpert.com
seems crazy IMHO
Thats fair enough mate, but was hoping to help her consolidate things into one, make it easier and more manageable.