Balance transfer cards

mabozza

White Van Roamler Man
Joined
Nov 17, 2015
Messages
3,353
Points
293
Age
53
Location
Clydebank
Website
www.facebook.com
Hi guys
Looking for a bit of advice
I have done a couple of eligibility checkers for credit cards for balance transfers, got 2 or 3 giving me same 9/10 score for likelihood of acceptance.
The eligibility checker has a slider with how much i want to transfer and over what period, so i want to throw £5000 from 3 cards over 36 months.
is there any way to check if the credit limit would cover the 5 grand? as nowhere on the credit cards application page does it mention the limit. If i went for it and got the card and it only offered say £1000 that would be no use to me, since i would still be paying 4 grand plus interest on the balance i couldnt transfer. Or does it work then that i would transfer a grand, pay £200 a month clearing that and then transfer another grand and so on? (As i understand it though, balance transfers need to be done in first 60 days or so... help!
 

Jon

Administrator
Staff member
Joined
Oct 17, 2013
Messages
31,324
Points
283
Age
40
Location
Leeds
Hi guys
Looking for a bit of advice
I have done a couple of eligibility checkers for credit cards for balance transfers, got 2 or 3 giving me same 9/10 score for likelihood of acceptance.
The eligibility checker has a slider with how much i want to transfer and over what period, so i want to throw £5000 from 3 cards over 36 months.
is there any way to check if the credit limit would cover the 5 grand? as nowhere on the credit cards application page does it mention the limit. If i went for it and got the card and it only offered say £1000 that would be no use to me, since i would still be paying 4 grand plus interest on the balance i couldnt transfer. Or does it work then that i would transfer a grand, pay £200 a month clearing that and then transfer another grand and so on? (As i understand it though, balance transfers need to be done in first 60 days or so... help!
I would imagine during the application process you will be able to say how much credit you want limit wise.

I may be a case that the 'pre checking' doesn't cover this bit which is why people can do it without it having a knock on effect with their credit score
 
  • Like
Reactions: mabozza

mabozza

White Van Roamler Man
Joined
Nov 17, 2015
Messages
3,353
Points
293
Age
53
Location
Clydebank
Website
www.facebook.com
Thanks Jon, no, application on the card provider does'nt mention limit (Although pre checking does), according to the guys that replied same question on the site i am banned from (lol) most cards tend to offer around £1000... dont think i am going to take the risk
 

Members online


Amazon Discount Finder Tool

Find hidden 80%+ savings on Amazon products



 

 

 

 

 

 

 


TMSPRESTO