0% Credit Card Balance Transfer + 0% interest fees @ Santander over 27 months
343°Expired

0% Credit Card Balance Transfer + 0% interest fees @ Santander over 27 months

31
Found 13th AprEdited by:"noahsdad"
Seems like a good offer to me with 0% balance transfer.

In summary:-

* Pay 0% interest fees for 27 months.
* Pay £000.00 balance transfer fees.

Good way to repay a current credit card off?

Go to santander.co.uk/inf…ard for more info and to apply.

2925586.jpg

Credit to MSE (cheers Marty), info below is a cut n paste from their page on card balance deals. see moneysavingexpert.com/cre…rds

This Santander* card is a good no-fee option, and if you're accepted you'll definitely get the full 0% period - which isn't always guaranteed on other cards. Unusually, you'll pay no fee if you transfer at any point within the 27mths, though you'd have less interest-free time if you waited.

Need-to-knows
  • After the 0% period ends, it's 18.9% interest.
  • Always pay at least the minimum monthly repayment, or you'll lose the 0% deal.
  • Don't spend/withdraw cash on this card. It usually isn't at the cheap rate and cash withdrawals hit your credit file.

Community Updates
Santander Deals

Groups

31 Comments
Im very sorry maybe a dumb question but it says 3 months free no intrest on purchases. Now if i make a purchase with this card i wont pay any intrest for 3 months? New to credit cards
Edited by: "adeljay92" 13th Apr
Correc
adeljay922 h, 41 m ago

Im very sorry maybe a dumb question but it says 3 months free no intrest …Im very sorry maybe a dumb question but it says 3 months free no intrest on purchases. Now if i make a purchase with this card i wont pay any intrest for 3 months? New to credit cards


You have to make the BALANCE TRANSFER! within 3 months, then you’ll have 27 months to pay back without any interest charged. If you make any after the 3 months you’ll be charged.
I would avoid these clowns anyway. Applied for their balance transfer card with really good credit score.
Got message that decision will be made within 2 days. Called them after 3-4 days can’t remember. Been told it still not been decided and anyway online application will be 10 days decision time, I said so why the email says 2 days? No apparent reason...
Phoned them after the 10th days and been told that the decision has been made on the application day and it was declined
And also a letter on it’s way and I can appeal. Don’t need to say but I still haven’t received any letter. So cold from me
Got this card few months ago, its a good deal. You will also receive some good cashback offers from retailers as an introductory offer. You can use them via debit card if you have a santander debit card too.
Cheers, will move my card.

Application made.
Edited by: "The_Hoff" 13th Apr
adeljay925 h, 22 m ago

Im very sorry maybe a dumb question but it says 3 months free no intrest …Im very sorry maybe a dumb question but it says 3 months free no intrest on purchases. Now if i make a purchase with this card i wont pay any intrest for 3 months? New to credit cards


Please read the terms and conditions of the card, if you dont understand them read once again, it will be for your own good.
cblfal
muffboy7 m ago

cblfal


Can’t be life, fudge all life? Calm down!
johnszi233 h, 37 m ago

You have to make the BALANCE TRANSFER! within 3 months, then you’ll have 2 …You have to make the BALANCE TRANSFER! within 3 months, then you’ll have 27 months to pay back without any interest charged. If you make any after the 3 months you’ll be charged.


".....no fee if you transfer at any point within the 27mths....... It is in the description.

I have different card with Santander and have done balance transfer after 6 months with no fee charged.
AstalaVista1 h, 38 m ago

".....no fee if you transfer at any point within the 27mths....... It is …".....no fee if you transfer at any point within the 27mths....... It is in the description.I have different card with Santander and have done balance transfer after 6 months with no fee charged.


Yeah, it seems like you’re right...
I was just talking based on nearly every other similar cards I come across...
But if you think about it, you might want to do the transfer quick as if you do it like 10-15 months later then you only have 17-12 months to use the 0%
Schwifty8 h, 59 m ago

Can’t be life, fudge all life? Calm down!


pardon?
johnszi2311 h, 36 m ago

Yeah, it seems like you’re right...I was just talking based on nearly e …Yeah, it seems like you’re right...I was just talking based on nearly every other similar cards I come across...But if you think about it, you might want to do the transfer quick as if you do it like 10-15 months later then you only have 17-12 months to use the 0%



She is saying that if you transfer a balance there there is no balance transfer fee , BUT you will still be paying interest on that Balance unless its done WITHIN the first three months ... am I right?
these are the little tricks by which they catch us out .....
Edited by: "GwanGy" 14th Apr
GwanGy2 h, 12 m ago

She is saying that if you transfer a balance there there is no balance …She is saying that if you transfer a balance there there is no balance transfer fee , BUT you will still be paying interest on that Balance unless its done WITHIN the first three months ... am I right?these are the little tricks by which they catch us out .....


No you are not right.
This card has no transfer fee and 0% interest on balance transferred for the full 27 months.

I do agree with you that most cards have tricks which do catch us out.
Edited by: "AstalaVista" 14th Apr
Looks like a very good prospect. Got around 10-11 months left on the 0% cash advance Virgin CC that was on here a while ago but may as well get it transferred over and extend the interest free loan I have sitting in my mortgage offset account.
Yup ... you're right , better than I anticipated AstalaVista.
GwanGy10 h, 36 m ago

She is saying that if you transfer a balance there there is no balance …She is saying that if you transfer a balance there there is no balance transfer fee , BUT you will still be paying interest on that Balance unless its done WITHIN the first three months ... am I right?these are the little tricks by which they catch us out .....


I don’t know to be honest, maybe better ask them in branch or over the phone. But for me it makes more sense to do the transfer within 3 months...
Another point (i could be wrong on this too) is that if you make purchases on this card , any money paid to the card , goes towards paying off the interest free portion of your debt, while the other portion (interest paying) is left untouched, until the full interest free portion has been paid off.
However reading the T&Cs
"If you do not pay off your balance in full, payments we receive are applied to the highest interest bearing transactions first. We will pay off balances that are already on your statement before any new transactions. For further details, please refer to your credit card terms and conditions.

SO Am I right ? Does sentence one override sentence two ...

You thought it was all so easy ... .
Edited by: "GwanGy" 15th Apr
Thanks for posting, heated.

As an existing customer this has been fairly straight forward to apply for, although you still have to enter all the basic information that they should already know about you. In less than 2 mins after completing the application I had a few emails through including one to confirm I'd been approved (again, I suspect this is because I'm an existing customer). No confirmation that I could see in the emails of my credit limit, but I logged into online banking and can see it there straight away. I was also quite surprised to see that their credit limit seems generous to say the least, but again this might be due to me being an existing customer. I proposed a fairly modest balance transfer (BT) during my application and will now review another based on knowing my limit, more about that....

I'm not a big fan of how the application works with regards to the balance transfer, as you have to propose an amount from a card before knowing 1.) if you'll even be accepted for this card and 2.) what your credit limit will be! E.g. taken from the application...

33640508-A5iCz.jpg

That said I believe there is still a period from 'account opening' to make additional BT with no fee and that qualify for the 0% interest for 27 months. Can someone please point me to where this is clearly detailed online as it's not jumping out at me right now, just talks about "from account opening"?


Might be useful for others to compare this to the Lloyd's 25 month BT 0% interest and 0% fee for transfers card that does confirm you're accepted first and then also give your credit limit before asking about the actual BTs you'd like to make - hotukdeals.com/dea…745 It also gives ~£20 cashback via TCB at the moment. There's also a Sainsburys and Halifax card that might be worth a comparison for anyone looking for a BT card with 0% interest for a decent period and no fees.
morgie15 m ago

...I believe there is still a period from 'account opening' to make …...I believe there is still a period from 'account opening' to make additional BT with no fee and that qualify for the 0% interest for 27 months. Can someone please point me to where this is clearly detailed online as it's not jumping out at me right now, just talks about "from account opening"?


I think I may have answered this for myself by referencing the summary doc. here - santander.co.uk/inf…pdf


In particular...
33640570-Imqt0.jpg
33640570-dXOIb.jpg

E.g. if you're in the introductory period (27 months) you'll pay no interest on balance transfers made for the duration of that period (27 months starts from application date I'd assume as worst case, possibly card activation) and you will pay 0% fee on making those transfers for that period. I thought most cards limit it to X days from opening for these types of offers for making the BT at 0% fee, but it appears you can make one at any time for 0% fee within the 27 months. Shout if anyone thinks I've interpretted this incorrectly please.
Not and never have been a customer of Santander, got approved quickly with confirmation emails and a card and welcome info etc apparently in the post. I put a BT from another card of £8000 on the application. Presumably that is all some how facilitated in how the card is setup/limits etc at point of relating that to application info given.
morgie7 h, 47 m ago

I'm not a big fan of how the application works with regards to the balance …I'm not a big fan of how the application works with regards to the balance transfer, as you have to propose an amount from a card before knowing 1.) if you'll even be accepted for this card and 2.) what your credit limit will be!


You do not have to request a balance transfer during the application. I did not, was accepted within minutes, logged back in to Santander account and made a balance transfer right away.
crumpetman15th Apr

You do not have to request a balance transfer during the application. I …You do not have to request a balance transfer during the application. I did not, was accepted within minutes, logged back in to Santander account and made a balance transfer right away.


Thanks. I've also made a second this way. That balance has shown up immediately as now being on my Santander card (also with a second transaction to confirm 0% fee), but I've been told the other one (made as part of the application) won't be processed until the card arrives and is activated. Did you find this to be the case? Seems a bit keen to show it as a balance on the Santander account already if it hasn't actually been processed yet, assume yours showed up as your balance on your Santander card straight away too?
Edited by: "morgie" 16th Apr
My BT made after application shows on Santander but hasn't shown up as a payment on the other card yet, should do in a day or two.

Not sure why BT from the application is not processed as soon as application is accepted seems a bit odd.
crumpetman2 m ago

My BT made after application shows on Santander but hasn't shown up as a …My BT made after application shows on Santander but hasn't shown up as a payment on the other card yet, should do in a day or two.Not sure why BT from the application is not processed as soon as application is accepted seems a bit odd.


Thanks for confirming. Felt slightly uneasy to see the one balance effectively duplicated (still on old card and now on Santander too!). I guess there's some extra safety/protection in them waiting for you to receive and activate your card. Hopefully the card will be here this week.
My BT now shows on old card as a payment and transaction is same date as the BT request on Santander card, took 3 or 4 days but it was over the weekend.
crumpetman54 s ago

My BT now shows on old card as a payment and transaction is same date as …My BT now shows on old card as a payment and transaction is same date as the BT request on Santander card, took 3 or 4 days but it was over the weekend.


Cheers - have you actually had the new card and activated it in the mean time, or do you think that'd a red herring?
Card is on the way in the post, not arrived yet so not activated either.

I had one like this with Tesco, applied, accepted, card showed in online account and I did a BT straight away. When the card arrived I put it in a drawer and then tried to do another BT online and it wouldn't let me because the card had not been activated!
Thanks. The second transfer I made outside of the application like yours is now reflected on both accounts. The transfer requested during the application appears to have done nothing so far, so would seem that one really does wait until you activate the card. Seems odd they have that rule, but allow the transfers to go ahead via online banking.
Unfortunately this deal has not worked out great for myself. I see the irony here given I am the OP!
In summary:-

1. Am not an existing or previous customer of Santander.
2. Applied for a Credit Card via this deal, with a BT of £8000.
3. Everything got processed reasonably quickly, everything in post, setup online account etc easily enough.
4. So all good except I only got allocated a £800 limit. There was no automatic BT for the info I gave, and I am not able to do the £8000 BT I wish to do as of course now as it states I only have a £800 limit.

Yet knowing all this, they just went ahead and processed it all and now I have an extra credit card I don't want. It will have presumably messed up my credit score and reduced my ability to get another credit card with another bank. If I had knew this would be the outcome I would never have taken out the card. Surely I should have been given the option to have not gotten this far into it, if they had just informed me you can't do the desired BT or get the desire credit on their card.
noahsdad21 h, 31 m ago

Unfortunately this deal has not worked out great for myself. I see the …Unfortunately this deal has not worked out great for myself. I see the irony here given I am the OP!


Sorry to hear this. I'm not sure this would impact your credit score as you applied for a credit card and were successful. I don't think they analyse the BT level you requested, but I may well be wrong. Have you called them to discuss your limit being so low? They might be able to explain how they came to that figure and discuss any options now or in the future to increase it.

My card arrived in just under a week and I can now see the extra BT that I submitted during the application showing on the Santander balance, but no sign of it on the account it's coming from. I'm not too worried about that now having seen the exact same behaviour on the BT that processed quicker by doing it after the application (didn't need to wait for card activation for that one!).
Post a comment
Avatar
@
    Text