Best Balance Transfers Discussion Area

A question about : Best Balance Transfers Discussion Area

Am new to this site, but I have just been turned down for an egg card to transfer a balance. I have an existing loan with them but have just transferred a balance to a different card.Am trying to sort out my finances at long last. I'm not sure what to do now. Is it worth me applying for another one? I checked my credit score and its good and I never miss any payments. Any advice would be appreciated.

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• Am new to this site, but I have just been turned down for an egg card to transfer a balance. I have an existing loan with them but have just transferred a balance to a different card.Am trying to sort out my finances at long last. I'm not sure what to do now. Is it worth me applying for another one? I checked my credit score and its good and I never miss any payments. Any advice would be appreciated.
• Hi matron001
  Welcome to MSE & the credit card board!
  Quote:
• Today, the Hally launched a new balance transfer deal, which offers 0% on BTs for 15 months. A 3% handling fee applies.
  https://www.halifax.co.uk/creditcards/home.asp
• I've been looking at 0% BT cards over the last few days to build up my stooz pots. This is what I've seen on offer:
  Capital One 0% 1st November 2008 1.7%
  RBS 0% 13 months 2.5% (+Ј24 Quidco)
  Natwest 0% 13 months 2.5% (+Ј24 Quidco)
  Nationwide 0% 10 months 2.5%
  Barclaycard Platinum 0% 14 months 2.5%
  Post Office 0% 10 months 2.75% (+Ј20.50 Quidco)
  Mint 0% to 1st March 2009 2.9%
  Virgin 0% 15 months 2.98%
  MNBA 0% 12 months 3% (+Ј8.50 Quidco)
  Egg 0% 15 months 3%
• I'm thinking about transferring my existing credit card debt (approx £2k on a virgin card & a barclaycard) to a lower lifetime rate, so I can clear them off. My current repayment totals £100/month, and I can afford this, I hope to be able to clear the debt in the next two years. Last year I got my credit reports after I was turned down for a card, but I haven't checked them recently. The problem was that I wasn't on the electoral roll at my new house, and I've moved a few times since uni; I can't get a free trial to Experian or Equifax since I've used them before, so is it worth me paying the £6.99 to see my reports before I apply, or should I just make the application and see what happens? I'd really like this to be the year that I manage my money, rather than the other way around, and this is one of the areas that's crucial to that, but thinking about my money often makes me feel anxious, and so I put off sorting things out! Also, is it better for me to apply for a card in-branch or online? I think the HSBC 2-year card is the one I'll apply for, if that makes any difference.
• Hi just thought Id write to say I felt the same about monies too but decided to take bull by horns and follow Martins list one by one. Just started today - got my existing Barclaycard rate reduced as a goodwill gesture by Barclays after I asked what they could do before I moved balance. Then applied to Virgin as deal suited me and got accepted for 0% etc... to clear existing debt. Feeling very happy made the effort. Good luck with yours trust me its worth it.
• Could also be worth noting that Virgin are offering Ј40 towards the cost of your Virgin Media bill if you sign up for their card before the end of January. Also, I noticed today that the Post Office card currently offers 0% on the 1st and 2nd anniversary of your card for 5 months. I think there was a balance transfer fee of just under 3% applicable.
• Virgin are offering Ј40 towards the cost of your Virgin Media bill if you sign up for their card before the end of January
  Virgin told me this offer has been extended to the end of February 2008.
• My friend has approximately Ј5,500 of debt on credit cards at a rate of 5.9% pa except for Ј895.81 which is at a rate of 2.9% pa. They are currently repaying Ј230 a month but their payments will increase in September and therefore they will have all the credit card debt repaid by Christmas 2008.
  I was wondering since they will pay the debt off in 1 year should they consider applying for a 0% card which has a transfer fee or should they stay with the cards they have? Which is the cheaper option and how do you work it out? :confused:
• Hi All
  Hope others can benefit from this. Online yesterday for new customers only saw a BT deal of 2.9% for 24 months with a 2.5% fee. In the post this morning as an existing customer got offered a lousy 5.9% for 6 months! Called up and pulled the loyalty card and they gave me the better deal straight away!
• I need to transfer from a card which runs out of 0% interest in March. I have another card due to run out of same in July. Do I transfer card one to card two then wait till June to find another 0%,or transfer card one next month then card two as the interest free period runs out? Which will be the cheaper method?:confused:
• Hi
  Am new to the site and needed some advice.
  I have a barclaycard with Ј3500 on it (limit Ј5600) and Halifax with Ј3800 on it (limit Ј7900). I am paying 26.75% interest on Halifax so really want to get rid of this one. Spoke to Barclaycard about tranferring Halifax card at 6.9% life of balance but will only increase limit to Ј7000. Barclaycard suggested transferring all monies to Halifax and then transferring back to Barclaycard to take advantage of 6.9% for total debt. This sounds to good to be true and wondered whether I will come unstuck down the line if I take this route?
  I am a housewife so have no big income, therefore can't apply for other cards as far as I am aware?
  Any advice would be gratefully appreciated.
  Thank you.
• Thanks for the new article. There's just one part I must take issue with:
  Quote: