RBS Credit card 13 Months interest free balance transfer 1.0% handling fee
402°Expired

RBS Credit card 13 Months interest free balance transfer 1.0% handling fee

45
Found 17th Nov 2012
Good for some one looking for some quick money and have the means to pay it off in 13 months.

Similar to the one i posted before from barclaycard. But if you already have a barclaycard this will be good for you.

0.1% higher than barclaycard but you have an extra month.

45 Comments

Original Poster

Deposit it in savings bank and get higher interest.

Stoozing was profitable back in the day.

Good if you can get it

I miss the old stoozing days easy money.

24k of free money invested at e height.... I know others had more...

Original Poster

GB credit crunch

Good if you can get it


Applied on this morning online, instant decision got 16900 limit not bad

Handling fees have dropped somewhat with a few cards, they use to average 2.5%.

will they allow balance transfew from another credit card under another name aka wife

If you can't afford it, don't buy it. Credit card debt is for mugs!

Gball

If you can't afford it, don't buy it. Credit card debt is for mugs!



I see your point, but if you were to buy an item and have the money is it not a safe way to use Master card as it has its own security. My bank saw that I bought most items online, usually from deals on here, so they said it would be safer to use a Master card with my online purchases and then just pay balance off..

cabstar

I miss the old stoozing days easy money.24k of free money invested at e … I miss the old stoozing days easy money.24k of free money invested at e height.... I know others had more...



hw did you manage to get 24k of free money?

take the cards, transfer all the money to a high interest account, leave it tjere, make payments on the card each month and before interest free is up transfer the money back and anything youve gained in interest is profit!

not saying i do that, just saying thats how youd do it!

Gball

If you can't afford it, don't buy it. Credit card debt is for mugs!



I also see your point but BT cards can also help a situation, my current example is a business I am looking to setup, been offered a loan by the bank at a staggering 10% interest rate, so instead I've applied for credit cards and have got the same amount I needed and don't have to pay the bank's enormous fee. If you use this "free" money for something else rather than just purchases than you will understand the concept behind BT cards.

Trilink

hw did you manage to get 24k of free money?



I think he means he got credit cards with 24k limit and then balance transfered them into a high interest account which allowed you to make more interest than what you actually borrowed!!

if you get this card through compare the market - you get a free Meerkat Toy.

Is this a good deal compared to others around?

claire8606

Is this a good deal compared to others around?



Depends what you need it for the transfer fee is low but then the introductory offer of 13 months is also shorter. If your looking to use it to pay a BT card off as its coming to an end, I usually use cards that are from different banking establishments. Barclays platinum is usually good and also natwest platinum - both around the 3% transfer fee but near 2 years of 0% on the BT amount.


Gball

If you can't afford it, don't buy it. Credit card debt is for mugs!



I do agree but you have to think of your credit rating. I have a CC for the protection and to build a credit score which will be useful if I ever want to get a mortgage etc

I have 4 credit cards, a top credit rating and no debt, its all about control. I use the interest free cards to pay my car and bik insurense yearly rather than paying monthly to the insurers, thus saving money.

Butters

I have 4 credit cards, a top credit rating and no debt, its all about … I have 4 credit cards, a top credit rating and no debt, its all about control. I use the interest free cards to pay my car and bik insurense yearly rather than paying monthly to the insurers, thus saving money.



im exactly the same butters, i use my CC when i go on holiday and use the interest free period to pay it off at my leisure rather than fork it out in one lump. I do have a small amount of CC debt from uni days but thats on a 0% balance transfer for another 3 months and i could pay it all off right now if i wanted to, but whats the point if its not accruing any interest i may aswell do it over time and build up a better credit score!

good spot op, just as my other card is about to start charging interest, we had to put 4k on one to allow us to finish our double story extension

Nice BT fee

ichayan

Deposit it in savings bank and get higher interest.



So you can Balance Transfer directly to a bank account ? I thought balance transfers were for credit cards only. Does the same fees apply for transferring to bank accounts ?

Thanks, applied in my hospital bed and got accepted with a 10k limit. Transferred 6k from two cards onto it which were running out soon.

Hot

Banned

is this as simple as walking into your local branch and putting your credit card into the machine and paying £ x grand into your account. or is it a little more complicated, like a balance transfer?

thanks
Edited by: "maccamuz" 17th Nov 2012

I don't think they will let you transfer the credit into your back account, those days are over my friend (at least i think so).

This card its great if you need more breathing space on existing credit card debts

Nice one

Is this for earners of 10k or more?

Is the Barclaycard 0.9% one still the lowest transfer fee?

Original Poster

X10

Is the Barclaycard 0.9% one still the lowest transfer fee?


Yes but i posted it and its stilll not even warming up lol

Original Poster

maccamuz

is this as simple as walking into your local branch and putting your … is this as simple as walking into your local branch and putting your credit card into the machine and paying £ x grand into your account. or is it a little more complicated, like a balance transfer?thanks


Imagine you have a credit card with say xyz card with say £2000 limit and its all paid off and its in 0 balance

Stage 1
. Apply for this card and tell them you have say £3000 balance on your xyz card. They will transfer the amount you requested in this scenario £3000 to xyz card.

Stage 2.

Your xyz card is in +ve balance of £3000.00 its your money ask them to tranfer it to your bank account direct transfer or cheque. (worst case close xyz account they will have to pay you before they close it.

adeelmpk

So you can Balance Transfer directly to a bank account ? I thought … So you can Balance Transfer directly to a bank account ? I thought balance transfers were for credit cards only. Does the same fees apply for transferring to bank accounts ?


I think RBS & Halifax allows us to transfer in to current account,

Gball

If you can't afford it, don't buy it. Credit card debt is for mugs!



Or the financially literate.

Banned

ichayan

Imagine you have a credit card with say xyz card with say £2000 limit and … Imagine you have a credit card with say xyz card with say £2000 limit and its all paid off and its in 0 balanceStage 1. Apply for this card and tell them you have say £3000 balance on your xyz card. They will transfer the amount you requested in this scenario £3000 to xyz card. Stage 2.Your xyz card is in +ve balance of £3000.00 its your money ask them to tranfer it to your bank account direct transfer or cheque. (worst case close xyz account they will have to pay you before they close it.



makes sense.

but surely the new credit card (rbs) will do a check on your old xyz account to check that you really did have an outstanding balance?

tam_mo

I think RBS & Halifax allows us to transfer in to current account,



Thanks, if they don't the following is the a good workaround posted by someone above.

Imagine you have a credit card with say xyz card with say £2000 limit and its all paid off and its in 0 balance

Stage 1
. Apply for this card and tell them you have say £3000 balance on your xyz card. They will transfer the amount you requested in this scenario £3000 to xyz card.

Stage 2.

Your xyz card is in +ve balance of £3000.00 its your money ask them to tranfer it to your bank account direct transfer or cheque. (worst case close xyz account they will have to pay you before they close it.

Just applied, got an initial acceptance so thanks OP. Have been looking for a decent balance transfer card for a while as I had to put a lot of costs on CC when I bought my flat.

Original Poster

but surely the new credit card (rbs) will do a check on your old xyz … but surely the new credit card (rbs) will do a check on your old xyz account to check that you really did have an outstanding balance?



I dont think, rbs will be able to check that. Will they disclose ur financial details to another company?
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