0% for 40 Months Balance Transfer Credit Card - Lloyds Bank - HotUKDeals
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0% for 40 Months Balance Transfer Credit Card - Lloyds Bank

£0.00 @ Lloyds Bank
Longest balance transfer at the moment at 0% and a low 1.69% transfer fee Read More
alexopenshaw Avatar
5d, 19h agoFound 5 days, 19 hours ago
Longest balance transfer at the moment at 0% and a low 1.69% transfer fee
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alexopenshaw Avatar
5d, 19h agoFound 5 days, 19 hours ago
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(2)
9 Likes
these always seem good, but they always refuse to give me one, all I wanna do is withdrawn the full amount and stick it on a roulette wheel (probably red) then when I win I'll pay them back straight away, what's their problem? it's not like im not good for it, my bank statements clearly show my JSA every 2 weeks so they know I have income geeezzz
5 Likes
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.

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5 Likes #1
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.
1 Like #2
These are getting better and better. No need for loans anymore as long as you borrow under 10k!
1 Like #3
You only get the 40 months free balance transfer deal if you qualify for one of their two lower rates, otherwise it is only 20 months and a potential rate of 27.9% beyond that. After initial 90 days any further transfers incur usual 3% transfer fee.

Edited By: HantsShopper on May 17, 2017 07:33
2 Likes #4
huddsguy
These are getting better and better. No need for loans anymore as long as you borrow under 10k!


Lots of very good offers around at present. If you are sensible with your credit
#5
huddsguy
These are getting better and better. No need for loans anymore as long as you borrow under 10k!
Would they transfer cash into my bank account?
#6
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?

For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?

I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.

Any advice appreciated.
#7
check Martin Lewis's moneysaver site .... has useful tools for all credit related stuff.

http://www.moneysavingexpert.com
#8
Personally don't understand why anyone would pay a 1.69% fee when you can get a zero fee for 2 months less

seems crazy IMHO
#9
manicmidlander
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.

JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
Might be worth phoning the lender directly before applying?
Or apply for multiple balance transfer cards ( ideally those with a 0% fee)?
1 Like #10
manicmidlander
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.

I'm in the same boat. Loads of these going hot lately but I'd take one of the 28months fee free ones over this any day.
#11
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?

For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?

I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.

Any advice appreciated.

I'd be inclined to advise her to just apply for it. If she gets a £4k limit then she would be paying half the interest that she currently is.
#12
dudea729
manicmidlander
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
Might be worth phoning the lender directly before applying?
Or apply for multiple balance transfer cards ( ideally those with a 0% fee)?
Naturally not a bad idea, but shes in a good position with her credit score and I don't want to suggest something which would impact that!


akajay07
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
I'd be inclined to advise her to just apply for it. If she gets a £4k limit then she would be paying half the interest that she currently is.
Thats fair enough mate, but was hoping to help her consolidate things into one, make it easier and more manageable.
9 Likes #13
these always seem good, but they always refuse to give me one, all I wanna do is withdrawn the full amount and stick it on a roulette wheel (probably red) then when I win I'll pay them back straight away, what's their problem? it's not like im not good for it, my bank statements clearly show my JSA every 2 weeks so they know I have income geeezzz
#14
JusticeForThe96
Any advice appreciated.

+1 for trying to apply! I recently got a new credit card from Lloyds (28 Months 0% on new spending) despite being refused by 3-4 other banks in the previous 2 days and with a crappy credit score
1 Like #15
matteava
JusticeForThe96
Any advice appreciated.

+1 for trying to apply! I recently got a new credit card from Lloyds (28 Months 0% on new spending) despite being refused by 3-4 other banks in the previous 2 days and with a crappy credit score


I feel like I might be in the same credit score range as you? When you say crappy, how crappy is it really? From Noddle to ClearScore and MSE etc. I have poor to fair credit at the moment. I am thinking of applying too.
#16
agentfourty7
matteava
JusticeForThe96
Any advice appreciated.
+1 for trying to apply! I recently got a new credit card from Lloyds (28 Months 0% on new spending) despite being refused by 3-4 other banks in the previous 2 days and with a crappy credit score
I feel like I might be in the same credit score range as you? When you say crappy, how crappy is it really? From Noddle to ClearScore and MSE etc. I have poor to fair credit at the moment. I am thinking of applying too.

Yeah I get the same results as I have not lived in the UK for long, moving multiple times in the past year. I 2 card atm, one with my bank and this new one with Lloyds, paid in full every month
1 Like #17
akajay07
manicmidlander
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.

I'm in the same boat. Loads of these going hot lately but I'd take one of the 28months fee free ones over this any day.


Even better if they also give you cashback via quidco or Topcashback too.
#18
dodgymix
Personally don't understand why anyone would pay a 1.69% fee when you can get a zero fee for 2 months less
seems crazy IMHO


Who is that with?
#19
Bah, just got approved and sent off for the 29-month Sainsbury's one. Oh well.
#20
Could someone explain this to me in a simple way: If I spend 1000 pound, how long would I have to pay it back - 40 months? and what interest would occur?
1 Like #21
beejaycee
Could someone explain this to me in a simple way: If I spend 1000 pound, how long would I have to pay it back - 40 months? and what interest would occur?

Assuming you paid it back within the 40 months, didn't put anything else on the card (very important bit).
£1000 + 1.69% = £1016.90
So you get £1000, you would owe £1016.90, cost of credt £16.90

Payback, assuming you want to use for full term it works out to £25.43 per month.

Do not put anything else on the card whilst you are paying it back!!. this is what the bank wants you to do. Make sure you can afford to repay it within the term agreed. Minimum payment might be higher than the £25.43 per month. Make sure you make payments on time. Oh Jeez, they will try to get you any way they can. But play the game, and it's a lowish cost loan.




Edited By: Tsung on May 17, 2017 17:27
1 Like #22
beejaycee
Could someone explain this to me in a simple way: If I spend 1000 pound, how long would I have to pay it back - 40 months? and what interest would occur?

Yes, pay it back in 40 months and pay no interest. This is a balance xfer card so you will pay £16.90 fee (so you'll need a credit limit of at least 1016.90)

Then either pay it back at 1016.90 / 40 for an even spread, or us stoozers pay the minimum each month (£5) stick chunk in savings and then in the final month pay £821.90.

I did something similar with a virgin credit card. Did a money transfer of £15k for 20 months, cost 2% but stuck half of it in peer 2 peer at 10-13% and made over a grand. Don't do that if you can't afford to wave bye bye to it.
1 Like #23
Nothing like doing an honest day's balance transfer to put money on the table.
#24
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.

You could move part of that debt off to a 0% balance transfer and 0% transfer fee card and pay that off. Its always worth it even if there is a 4K limit because as long as you meet minimum payments you still won't pay interest and you'll pay less interest than you would on the full 7/8K. As far as I am aware, there is nothing to stop you from applying to a few cards that have 0% balance transfer/0% transfer fee. I'm sure if you got a few you could split the 7/8k between them.

There was a deal posted with Sainsbury which is better suited in terms of 0% transfer fees. Obviously this is a much longer 0% interest rate duration (28 vs 40 months).
#25
beejaycee
Could someone explain this to me in a simple way: If I spend 1000 pound, how long would I have to pay it back - 40 months? and what interest would occur?

If you spent 1000 on this card you would have 6 months to pay it back. If it is paid back within this time you would incur no interest. This is not a good card for using on purchases. You can get other cards with longer interest free periods on purchases.

This card is designed for people that have existing debt on other cards (a purchase card for exampe) and wish to balance transfer funds to pay off that debt. Or alternatively to put cash in their bank account. There is a fee for this movement of funds, but you pay no interest on the debt on this card providing you hit the minimum monthly repayments. This interest free period lasts 40 months.
#26
can anyone advise on the 0 fee and 0 balance transfer cards. I can't find any
1 Like #27
Eligibility checker said no, but I knew that was nonsense so applied anyway. Asked for £7K, got offered £7K but only 20 months 0%. Pointless then.
#28
Anyone know of any good ways of getting this into a mortgage account. I used to stooze with an egg card to transfer money into an account but that's not available any more. Revolut no good either as tried to use that for a Sainsbury's transfer and didn't work.
#29
dodgymix
Personally don't understand why anyone would pay a 1.69% fee when you can get a zero fee for 2 months less
seems crazy IMHO
Hi, who's currently doin the deal you're talkin about here ?


Edited By: PMX on May 17, 2017 20:24
#30
brace yourselves, the 'I don't use credit cards, if you can't afford it, don't buy it' brigade are coming!
#31
New customers only I presume?
#32
dodgymix
Personally don't understand why anyone would pay a 1.69% fee when you can get a zero fee for 2 months less

seems crazy IMHO


Whats the longest fee free card available? Thanks
#33
irfankhan1985
can anyone advise on the 0 fee and 0 balance transfer cards. I can't find any


Nationwide
#34
I got a "good" credit rating according to noddle.
I asked for a useful amount of £7900.
They offered me £7000 and only £6650 towards a BT....with a 3% charge!
But I did get the 0% 40 month deal.

Edited By: daisbuys on May 17, 2017 23:31
1 Like #35
irfankhan1985
can anyone advise on the 0 fee and 0 balance transfer cards. I can't find any

They are listed on MSE, moneysupermarket etc.

Do not google "credit card 0% HUKD" as this will most probably take you to a deal for bananas.
#36
forget the quidco it'll track then it will cancel
#37
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.

Others have said to just apply, but to be more specific you could use MSE eligibility checker to find a good offer that your sister is pre-approved on and that offers instant decisions. Because you're pre-approved, you'll get the advertised rate and 0% bonus, it's just a question of what limit they offer. Complete the application and they'll tell you instantly what the limit is (providing there isn't a problem with your address or credit history). Then you can decide there and then whether to go ahead with it.
#38
manicmidlander
and what is the "low" balance transfer fee? I'm a seasoned stoozer so only use 0 fee and 0% cards.


Find us a 40 month balance transfer card with no fee then please.
#39
kwl147
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
You could move part of that debt off to a 0% balance transfer and 0% transfer fee card and pay that off. Its always worth it even if there is a 4K limit because as long as you meet minimum payments you still won't pay interest and you'll pay less interest than you would on the full 7/8K. As far as I am aware, there is nothing to stop you from applying to a few cards that have 0% balance transfer/0% transfer fee. I'm sure if you got a few you could split the 7/8k between them.
There was a deal posted with Sainsbury which is better suited in terms of 0% transfer fees. Obviously this is a much longer 0% interest rate duration (28 vs 40 months).
Yeah, this makes sense, I was just hoping there was some way of knowing that she could get the full 8k onto one card for 40 months and one payment to sort it all out. Thus reducing the impact on her score for applying for multiple cards. Still, may be beneficial in the long run.


edanfalls
JusticeForThe96
Does anyone know how to ascertain the level of credit you would be allowed prior to applying?
For example, my sister has around 7/8 grand in card debt at the minute and it would be ideal for her to use this to consolidate and pay off interest free for that time, but if it's only going to be say a 4k limit then it wouldn't be worth it?
I know MSE can give you the likelihood of being accepting, but that's not what i'm asking for clarity.
Any advice appreciated.
Others have said to just apply, but to be more specific you could use MSE eligibility checker to find a good offer that your sister is pre-approved on and that offers instant decisions. Because you're pre-approved, you'll get the advertised rate and 0% bonus, it's just a question of what limit they offer. Complete the application and they'll tell you instantly what the limit is (providing there isn't a problem with your address or credit history). Then you can decide there and then whether to go ahead with it.
This is a good insight, I knew MSE gave you an indication of what you would be accepted for (without leaving a footprint on your credit file) but didn't think of it that way. But I still suppose that while she may get the advertised rate there is still no guarantee of getting enough available credit to consolidate the others is there. Rock and a hard place.


Another Question; Does the application process for these things ask if you will be transferring balances over? Surely if they do, they would know what level of credit you require and would act accordingly?

The only card I have asked me what I thought was an acceptable level of credit, and shock surprise horror they gave me the exact amount I suggested :D but I don't think it mentioned "will you be transferring a balance across" or anything.
#40
I got the 0% for 40 months but only a small limit - bit pointless.

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