0% on Balance Transfers & Spendings for 23 months - NO BALANCE TRANSFER FEE  - plus £12.50 Quidco (annual Fee £24) @ Santander
537°Expired

0% on Balance Transfers & Spendings for 23 months - NO BALANCE TRANSFER FEE - plus £12.50 Quidco (annual Fee £24) @ Santander

54
Found 11th May 2015
0% on balance transfers & spendings for 23 months
NO BALANCE TRANSFER FEE
£12.50 Quidco

longest no fee balance transfer credit card

BETTER THAN TESCO CREDIT CARD DEAL

Annual fee of £24
- awt

..
.
Beware =Transfer fee to be paid if balance not cleared at end of term
- janz70

No Quidco cashback available 06/11/2015
- veritess

54 Comments

Maybe the fee of £24?

Original Poster

Savvy1

Maybe the fee of £24?


still the best deal

Its not. First direct are 27 months and no annal fee. Just need to have an account with fd though. Bit still plenty of better cards out there than this

i.e £36 over 23 months.

1% of 3600 transfer (avg is around the same 3500 as you can search in google)

Hence cold as doesn't beat the best

£12.62 available at top cash back, also it gives 23 months interest free spending as well as Balance Transfer & offers cash back on petrol & grocery shopping.

So spend £100 a month on the card in supermarkets & £33 a month on fuel for 12 months and the cash back from santander would cover the fee, spend more and you've made a small profit

Original Poster

penfold28

Its not. First direct are 27 months and no annal fee. Just need to have … Its not. First direct are 27 months and no annal fee. Just need to have an account with fd though. Bit still plenty of better cards out there than this



You need to be afrist direct customer for that so it would be silly to compare it with this

Can I get a ring ding with that?

52919

£12.62 available at top cash back, also it gives 23 months interest free … £12.62 available at top cash back, also it gives 23 months interest free spending as well as Balance Transfer & offers cash back on petrol & grocery shopping. So spend £100 a month on the card in supermarkets & £33 a month on fuel for 12 months and the cash back from santander would cover the fee, spend more and you've made a small profit


...but because you have a sum of money transferred wont you have to pay interest on all your purchases from point of sale...please correct if I'm wrong with this but I was always under the impression if you took a card for BT you should never use it for everyday purchases?....edit just noticed its fee free for purchases also so I'm wrong I guess

Edited by: "twinkle" 11th May 2015

twinkle

...but because you have a sum of money transferred wont you have to pay … ...but because you have a sum of money transferred wont you have to pay interest on all your purchases from point of sale...please correct if I'm wrong with htis but I was always under the impression if you took a card for BT you should never use it for everyday purchases?


You are wrong...
Very good deal with the possibility to offset annual fees. This card would be useful after BT deal expiry due to cashback unlike most of competition cards.

twinkle

...but because you have a sum of money transferred wont you have to pay … ...but because you have a sum of money transferred wont you have to pay interest on all your purchases from point of sale...please correct if I'm wrong with this but I was always under the impression if you took a card for BT you should never use it for everyday purchases?....edit just noticed its fee free for purchases also so I'm wrong I guess


You're right...If you actually want to clear the debt at some point, then do not spend on new balance transfer cards!

P_nnyPinch_r

You're right...If you actually want to clear the debt at some point, then … You're right...If you actually want to clear the debt at some point, then do not spend on new balance transfer cards!



No you will not pay interest. I am currently using this card. The reason is because the interest free period is the same for BT and purchases. That scenario only applied e.g. if you had 6 months interest free period on purchases and 23 on BT. Then you would start incurring interest after 6 months for your purchases.

penfold28

Its not. First direct are 27 months and no annal fee. Just need to have … Its not. First direct are 27 months and no annal fee. Just need to have an account with fd though. Bit still plenty of better cards out there than this


A Balance Transfer fee of 2.29%

Sorry to be thick but am i right in thinking aswell as paying off my existing balance from previous card with no interest i can also make a purchase on this card ie a new tv and pay no interest for 23 months?

royaltee

A Balance Transfer fee of 2.29%



Exactly, this is a great deal for someone that has a large existing balance(s) to transfer. Such deals used to be common, but I haven't seen a 0% BT card which also has no BT fee for a while, so certainly not common. Obviously if you plan to spend and accrue new debt, then its best to go for the card with the longest interest free period on purchases.

No annual fee in first year if you have a 123 current account. So after quidco/TCB, you'll pay around £12 for the card's benefits and *could* make that back in cashback if using it for spending.

is this an instant approval card?

my application said 3 days they will let me know - just wondering if anybody got theirs approval right away

Cool

Original Poster

kaiser051

Sorry to be thick but am i right in thinking aswell as paying off my … Sorry to be thick but am i right in thinking aswell as paying off my existing balance from previous card with no interest i can also make a purchase on this card ie a new tv and pay no interest for 23 months?



that is correct

Original Poster

mattbrap

is this an instant approval card?my application said 3 days they will let … is this an instant approval card?my application said 3 days they will let me know - just wondering if anybody got theirs approval right away



no its not instant approval unlike others

I wish i had a massive savings account, no debt, a huge salary and owned a house, i might pass the credit check for one of these then
Edited by: "Syncros" 11th May 2015

mattbrap

is this an instant approval card?my application said 3 days they will let … is this an instant approval card?my application said 3 days they will let me know - just wondering if anybody got theirs approval right away


if you have outstanding credit report you get it immediately.... i'm assuming yours isn't?

Has anybody got any experience of getting this card with a default on your record?

I have a 5½ year old default (Vodafone, the tossers), but I've successfully applied for car finance, sofa 0% finance loans and mainstream credit cards more recently, all of which have been operated within their limits.

I have a £2700 loan with bank - I pay off £101 a month but the interest is £44 a month.

Would I be able to use this card to pay off a loan then continue making my £101 payments with 0 interest?

I'm new to all this, any help is appreciated - thanks.

jardine100

I have a £2700 loan with bank - I pay off £101 a month but the interest i … I have a £2700 loan with bank - I pay off £101 a month but the interest is £44 a month. Would I be able to use this card to pay off a loan then continue making my £101 payments with 0 interest?I'm new to all this, any help is appreciated - thanks.



Some cards do cash into your current account - the fee is higher and 0% term is usually shorter though.
Edited by: "gnomechimpsky" 11th May 2015

jardine100

I have a £2700 loan with bank - I pay off £101 a month but the interest i … I have a £2700 loan with bank - I pay off £101 a month but the interest is £44 a month. Would I be able to use this card to pay off a loan then continue making my £101 payments with 0 interest?I'm new to all this, any help is appreciated - thanks.


Good grief what bank is that...£528pa interest for a £2700 loan!!!!!
Some companies do let you settle accounts with a credit card...can't imagine these would at that exorbitant rate...too much to lose.
Edited by: "twinkle" 11th May 2015

kaiser051

Sorry to be thick but am i right in thinking aswell as paying off my … Sorry to be thick but am i right in thinking aswell as paying off my existing balance from previous card with no interest i can also make a purchase on this card ie a new tv and pay no interest for 23 months?


Depends on how much credit limit they give you, if they only give you i.e £2k limit you might not be able to afford a TV.

twinkle

Good grief what bank is that...£528pa interest for a £2700 loan!!!!!


I feel sorry for you, definitely apply for this card, you have nothing to lose.Or why don't you apply for a credit card like MBNA that gives you 0% for 24 months on money transfer to your bank account that would save you loads. Gives you 2 years to pay off the credit card and you don't have to pay £44 a month in interest (Thats some crazy and scary s--t)


Edited by: "RiverDragon8" 11th May 2015

jardine100

I have a £2700 loan with bank - I pay off £101 a month but the interest i … I have a £2700 loan with bank - I pay off £101 a month but the interest is £44 a month. Would I be able to use this card to pay off a loan then continue making my £101 payments with 0 interest?I'm new to all this, any help is appreciated - thanks.



Maybe apply for the card and use it for all expenses. Then the money that you'd spend for those expenses can be used to close the loan? but worth checking the fees for settling the loan early.

Savvy1

Maybe the fee of £24?


The 'normal' fee free card with Santander is 15 months fee free for transfers and purchases

I need a new cashback credit card now Capital One have stopped giving cashback.
Anyone know of the best one available at the moment?
Edited by: "PSmith222" 11th May 2015

I got a 3 day message at the end of the aplication

mattbrap

is this an instant approval card?my application said 3 days they will let … is this an instant approval card?my application said 3 days they will let me know - just wondering if anybody got theirs approval right away



I have this card and it also said 3 days to let me know. They didn't let me know via email, just via post once I got my card.
If you check the bank that you will be making debits from as your minimum payments then look at the direct debits. I knew mine was accepted when I saw a new DD setup as Santander Cards.

I was looking at this, compared to the Tesco deal it isn't very good - I'll explain why.
Tesco pays you £25 via Quidco to take out their card. This card you pay £11.50 (unless you hold a 123 current account obviously as it's no £24 fee for those people).
You get 5 months extra but you will always have the £11.50 fee payable rather than profiting.
That £11.50 is the equivalent of 2.9% if you did a BT of £395.

A £2500 transfer ONLY saves you £61 but the Tesco deal EARNS you £25 profit therefore is a better deal.

Plus it's £24 ANNUAL fee, this deal is one month under 2 years 0% so therefore you would pay 2 x £24 for the life of the 0% interest offer - this card is becoming worse value for money the deeper you dig!
Edited by: "escortboy" 11th May 2015

Comment

kaiser051

Sorry to be thick but am i right in thinking aswell as paying off my … Sorry to be thick but am i right in thinking aswell as paying off my existing balance from previous card with no interest i can also make a purchase on this card ie a new tv and pay no interest for 23 months?



A transfer wouldn't be "paying it off" though?

You mean you're already in debt and you will switch it to 0% and then take even more debt on? You need to get a budget.

Do the words "world elite" signify anything?

Thanks
applied now
says 3 days to wait
let's see
if anybody approved instantly please let us know.
Cheers

jcluk

CommentA transfer wouldn't be "paying it off" though? You mean you're … CommentA transfer wouldn't be "paying it off" though? You mean you're already in debt and you will switch it to 0% and then take even more debt on? You need to get a budget.


I have around £750 owing on my credit card which i pay £50 a month but obviously a percentage is interest i dont mind paying monthly for a new tv instead of all upfront as long as its interest free aslong as i pay it all back within the 23 months,means i could use the money ive saved up for tv for something more essential ,the tv would be a treat for myself

escortboy

I was looking at this, compared to the Tesco deal it isn't very good - … I was looking at this, compared to the Tesco deal it isn't very good - I'll explain why.Tesco pays you £25 via Quidco to take out their card. This card you pay £11.50 (unless you hold a 123 current account obviously as it's no £24 fee for those people).You get 5 months extra but you will always have the £11.50 fee payable rather than profiting. That £11.50 is the equivalent of 2.9% if you did a BT of £395. A £2500 transfer ONLY saves you £61 but the Tesco deal EARNS you £25 profit therefore is a better deal.Plus it's £24 ANNUAL fee, this deal is one month under 2 years 0% so therefore you would pay 2 x £24 for the life of the 0% interest offer - this card is becoming worse value for money the deeper you dig!



You've completely ignored the spending aspect to this card with its cashback potential and focused on the negative of it charging an annual fee. For a very small monthly spend (eg £100 at supermarkets & £33 on petrol a month the £24 would be earnt over the year) the fee becomes irrelevant making this card a better prospect than tesco, as the cashback aspect remains even when interest free period ends.
If you want a card that you can not spend money on, then perhaps this is not the card for you and you should be considering why you need a credit card at all

mattbrap

is this an instant approval card?my application said 3 days they will let … is this an instant approval card?my application said 3 days they will let me know - just wondering if anybody got theirs approval right away



I got the 3 day reply when I applied for this on Friday night, but had an email confirming acceptance from them on saturday morning

52919

You've completely ignored the spending aspect to this card with its … You've completely ignored the spending aspect to this card with its cashback potential and focused on the negative of it charging an annual fee. For a very small monthly spend (eg £100 at supermarkets & £33 on petrol a month the £24 would be earnt over the year) the fee becomes irrelevant making this card a better prospect than tesco, as the cashback aspect remains even when interest free period ends. If you want a card that you can not spend money on, then perhaps this is not the card for you and you should be considering why you need a credit card at all



For me personally I balance transfer and leave the card in a drawer so that I can just leave a direct debit/standing order running to reduce the balance until the end of the 0% term where it will be paid off, or I'll transfer any outstanding balance.

Using the card to spend also seems to be muddying the waters a little for me I'm afraid and I alternate between the AmEx Platinum cashback card and the Gold preferred rewards card each year so I pay no fee and often profit through the cashback on TCB.
The platinum gives 5% in the first three months on everything you buy with 1.5% after this. The Gold gives you £150 worth of vouchers for places like Tesco if you spend £2,000 in the first 3 months and points on all spending too.

As said before I like to compartmentalise my cards so that I have peace of mind that I'm not being irresponsible with my spending and also having a separate card let's you easily monitor your expenditure.

Each year the 123 card is £24 so you're shelling out £48 (-£12.50) for the 2 years. You would have to be spending on this card as well as having the balance transfer on it to try and claw that back so you had better hope that your balance transfer doesn't take you anywhere close to your credit limit, and that you don't spend much every months because you will end up going over your credit limit and getting hammered.

To sum up, IMO seperate cards to BT, and to spend on for earning rewards makes more sense, for peace of mind. Tesco card is an actual profit for you of £25. AmEx rewards you better overall. I'd pick that combo over this any day of the week.

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