23 Sep 2019

A question about : Balance Transfer Not Accepted.

So I have a Barclaycard of which I owe roughly Ј3500 on. I got this card with the 30 month balance transfer deal and I am now out of that 30 month deal so am paying a lot of money each month on just the interest of the card and am struggling to pay it off as well as paying off my debt. I think with meeting the interest and paying slightly more each month, I've managed to pay off about Ј300 in one year! Not much!

So my question is, I've applied for other balance transfer cards of which I've been accepted, to transfer the debt from my barclaycard but I can't transfer any money over from the barclaycard to these balance transfer cards, Does anyone know why or what I can do next?

TIA!

Best answers:

  • Who is the new card issued by? If its the same group it may not allow inter group transfers.
  • What card(s) have you been accepted for? If they are barclaycard owned, then they won't allow a transfer from a Barclaycard.
  • hi guys thanks for your replies. The new cards are Lloyds and RBS and both have had the balance transfer refused, I will call them both tomorrow and query as to why, I just don't see any sense in refusing the balance transfer
  • I admit I wrote it wrong originally! I do know the way balance transfers work, what i MEANT was that Lloyds and BOS would not pay Barclaycard for the actual balance transfer.
    Problem seems to have been 'sort of' solved now, thanks to a helpful member on here that read between the lines and didn't highlight my idiocy, I called up BOS and they offered me a longer 0% balance transfer to compensate for not having accepted my original request for a balance transfer to the Barclaycard. They have also offered me a trade in of my old Halifax credit card to a new Halifax credit card with 0% balance transfer for 12 months so that's Ј1100 from the Barclaycard balance sorted now. Time to tackle Lloyds.
  • In one post you said RBS and now you say BOS. Which is it?
    Could you tell us what the actual problem was so that other people know for future?
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