A question about : when you can no longer super balance transfer ...
having used mint, egg and MNBA over this last 18 months to super balance to my bank accoount, i found myself stuck for other super balance transfer options ... instead i applied to capital one since they had zero charge on normal balance transfers and moved their very favourable o% credit limit onto my Mint and Amex cards, but neither card had any debt.
Given that my Mint and Amex cards had no debt on them i had expected I'd be purely loading them with credit with which I would have to consume with future spending to get the benifit of the 0%. I decided to phone both Mint and Amex to change my arm at asking for a refund of the now credit balance on their card. To my surprise they were very helpful and sent me a cheque for the credit amount within 5 days of the call.
So basically I ended up with the full credit limit from Capital One in my hand in the form of two cheques from Mint and Amex. i then lodged the cheques into my bank account and began to accumulate interest.
I really didn't think this was so easy! is this normal?
Best answers:
- Another option, if you still have Egg, is to apply for another BT card and get it activated and "primed" for the BT. Wait 3 days and SBT from current account to Egg, and hopefully BT from new card will hit Egg a day or 2 later. Result is no high positive balance on Egg and a small amount (couple of quid max) of interest. Could work with MBNA cards as well, but will be a fee involved. Impact of fee will depend on limit given by new card.
- Excuse my ignorance, but SBT from current account to Egg? I thought that the SBT was when balance transferring capital directly from a credit card to the bank account, rather than the other way?
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