THE ONLY BANKS AVAILABLE THAT YOU DONT PAY A BALANCE TRANSFER FEE
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THE ONLY BANKS AVAILABLE THAT YOU DONT PAY A BALANCE TRANSFER FEE

28
Found 5th Apr 2007Made hot 5th Apr 2007
Hi

I have been looking for some time for a credit card that I can transfer my balance to withouy paying the BANKS anymore fees - The following banks are the only ones that dont charge any fees

ULSTER BANK
BANK OF IRELAND
ICICI BANK
NORTHERN BANK

Hope this helps others

28 Comments

Marks and Spencer don't charge a fee either. I think they've just put the rate up to 4.9% for the life of the balance but I was lucky enough to apply when it was 3.9% so I got about the best deal. There's always quite a bit of useful info on MSE with regard to things like this.

Original Poster

Yeah I have used the M&S card but the above cards do 0% and also No fees so you dont pay anything

I did think about that while I was posting. I've done a bit of tarting myself but I got fed up of new applications and transferring every few months. Useful post though.

Ive found its always worthwhile ringing your existing card and telling them your going to transfer unless they do a better deal. I just got another 6 months at 0% with MBNA

Original Poster

why has this been voted cold

I've never tried that. Sounds like a good and plausable idea though. It all depends who the provider is I suppose. I wouldn't bother trying it with Egg as their customer service is not exactly the best. It seems difficult finding companies that value their customers nowadays.

I voted hot but my opinion counts for nothing :-(

Great post..The 2% or 3% can be quite high for large balance transfers..
Nice find

Alternatively there are websites which tell you all the free balance transfers available with the interest rates etc. ]Moneysupermarket is one such.

Or check out [url]www.stoozing.com[/url] which is dedicated to this only.

useful posts. Cheers

well it reminded me to transfer to my marks and spencer card, i only had 6 days left to do it without getting charged and the interest going up from 3.9 to 4.9

thanks, saved me money.

hot'n'rep.

LALRIA

why has this been voted cold



Please dont ask this question.

[SIZE=4]I have been with MBNA for years now, in the begining I used to run the card for the interest free period and then end it and start a new one, which was fine when they didn't charge a fee :thumbsup: [/SIZE]


[SIZE=4]For the last 18 months I have rang them and got a new 0% deal that lasts for 6 months and only the minimum fee, normally £75, which isn't bad when you consider I normally "borrow" £10k off them for six months for £75 [/SIZE]


[SIZE=4]It's a shame that most of the others have upped their charges to 2.5%+ :x[/SIZE]

Hi

MBNA, Egg and a few others Credit Card Companies are all the one.

Also try moneysavingexpert.com - this site has some great tips for this type of thing - I think somebody above may have already mentioned this, but give it a go anyhow.

Cheers

[SIZE=4]It's a shame that most of the others have upped their charges to 2.5%+ :x[/SIZE][/QUOTE]

Maybe your own wording points to why! give out 10k to make £75 isn't the best business model in the world!

I have yet to find any provider that will let me continue a 0% balance! They all say "fine" when I tell them I am transferring. I think they must know me by now (20+ cards in the past 6 years)

ICICI is an Indian bank which is entering the UK retail market.
I personally wouldnt trust them with my details, even if they are providing you with money.

soche

ICICI is an Indian bank which is entering the UK retail market. I … ICICI is an Indian bank which is entering the UK retail market. I personally wouldnt trust them with my details, even if they are providing you with money.


I've just taken out a credit card with them, and I was wondering why you say you wouldn't trust them?

I too have an ICICI credit card. They pay up to 1% cashback which is a big +

However, they dont offer online banking & most importantly, the credit cards are not fully Chip & Pin protected (6 months ago). They may have upgraded to C&P now.

soche

ICICI is an Indian bank which is entering the UK retail market. I … ICICI is an Indian bank which is entering the UK retail market. I personally wouldnt trust them with my details, even if they are providing you with money.



I would also like to know why you wouldnt trust them?

Is it from a past expierence with them or are you one of those "racist" that my mother tells me about?

Edi ... u sure its 1% ... Just looked on the website and saw this ...


"Cashback lets you earn while you spend

From the moment you open your account, the rewards keep coming. Earn 0.5% cash back on all your purchases."


Also, I would like to know why they can't be trusted ... afterall they are a bank and regulated by the FSA ... and they are not exactly a small bank either especially with their dealings abroad.

Regulator

Edi ... u sure its 1% ... Just looked on the website and saw this ... … Edi ... u sure its 1% ... Just looked on the website and saw this ... "Cashback lets you earn while you spendFrom the moment you open your account, the rewards keep coming. Earn 0.5% cash back on all your purchases."Also, I would like to know why they can't be trusted ... afterall they are a bank and regulated by the FSA ... and they are not exactly a small bank either especially with their dealings abroad.



I opened an account when they entered UK market in early 2006. Think they started with 1% cashback (not 100% sure).

They have a good customer service and have a Freefone number (rare to see these days). Downside is they dont provide online banking for credit cards and dont issue additional cards. Absolutely trustworthy and lot better than my 'beloved' Natwest.

Do you have a link Edi?

Banned

birdyboyuk

Do you have a link Edi?



I'm not edi, but here's the link icicibank.co.uk/cre…tml

Thanks for the link LongDongDave

phil9843

HiMBNA, Egg and a few others Credit Card Companies are all the … HiMBNA, Egg and a few others Credit Card Companies are all the one..............



MBNA, Abbey and Virgin are served by MBNA Europe. Egg is from Prudential, I guess

LongDongDave

I'm not edi, but here's the link … I'm not edi, but here's the link http://www.icicibank.co.uk/credit_cards.html


Cheers longdong! :giggle: Love the name!

For info, maybe this thread is elderly now but I just looked at the Bank of Ireland card as need to transfer my balance & seems they charge a 2.5% fee:


Transfer your (Non Bank of Ireland) existing balance to an Ulster Rugby MasterCard from an existing Credit Card and enjoy a fixed rate of 0% p.a. for 6 months from the account opening date. Typical 16.9% APR variable. [COLOR="Blue"]A Balance Transfer fee of 2.5% will apply for each Balance Transfer.[/COLOR]
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