James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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I want to transfer the balance on 2 of my credit cards onto my 3rd credit card. Do I need to contact the banks for the 2 credit cards it's going from or the bank for the credit card that it's going to? Or both...?
And who's balance transfer transfer rate will I be charged, the from banks or the to bank?
I tried Googling but can't seem to find a straight answer.
[Edited on 20-01-2012 by James]
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Also, can I do this for an existing credit card, or only for a new credit card?
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Cavey
Member
Registered: 11th Nov 02
Location: Derby
User status: Offline
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Contact the new supplier to transfer the balances from the previous cards, they then pay off the other cards, and charge you the balance transfer rate they advertised
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Kyle T
Premium Member
Registered: 11th Sep 04
Location: Selby, North Yorkshire
User status: Offline
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If you've got an online account you can normally do it all yourself on the webpage.
Lotus Elise 111R
Impreza WRX STi
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James
Member
Registered: 1st Jun 02
Location: Surrey
User status: Offline
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Hmm, BT rates on my current cards are rubbish. Was going to setup a new one just to transfer it all across but can't be bothered with the hassle so I'm just going to pay it off instead!
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i keep getting letters through from 2 banks i have credit cards with offering 0% on balance transfers for 12 months (2.9% fee).
might be worth seeing if your current ones have any deals going before getting a new one?
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Chris
Premium Member
Registered: 21st Sep 99
User status: Offline
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Dont close the old cards, as when you come to get the 4th to transfer you might not be able to get transfer and then be stuck with 29.9%
With the cards you pay off keep using but pay off the full balance every month, just use one for petrol etc.
Otherwise cards 1 and 2 will reduce the balance as you are not using them.
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