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Attack on credit limits

Credit Cards, borrowing on Loans and discussions on Stoozing
Chrysalis
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Re: Attack on credit limits

#287185

Postby Chrysalis » February 27th, 2020, 4:27 pm

I have two credit cards, first direct and Halifax Clarity, no recent changes to either. Combined credit limit about £15k, quite often have up to £2-3k used (paid off monthly, of course).

AJC5001
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Re: Attack on credit limits

#287199

Postby AJC5001 » February 27th, 2020, 4:58 pm

bungeejumper wrote:While the other Barclaycard breezily offered me 27 months @ 0% on £11,500 worth of transferred credit. (I accepted.)

BJ


Yes, but what were the transfer fees?

Adrian

bungeejumper
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Re: Attack on credit limits

#287213

Postby bungeejumper » February 27th, 2020, 6:01 pm

AJC5001 wrote:
bungeejumper wrote:While the other Barclaycard breezily offered me 27 months @ 0% on £11,500 worth of transferred credit. (I accepted.)


Yes, but what were the transfer fees?

From memory, about 2.6% in January 2020. It looks like they've toned down their offer a bit since then, because they're now charging 2.4% on an 18 month deal, which isn't as good.

As a stoozing proposition, it's of marginal viability. But if you've got a credit card balance somewhere, or a bank loan that you could pay off, it can still save you a fair pile of money. All you have to do is remember not to miss the payments. :lol:

BJ


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