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credit card balance transfer

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  • 02-01-2011 9:04pm
    #1
    kinvara64
    Registered Users Posts: 95 ✭✭


    Hope i'm in the right section .so here goes. My problem is that I have couple of very sick credit cards!!! and am looking for advice as to which banks do the lowest interest rates for balance transfers. Any help appreciated .


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    #2
    drunkmonkey
    Registered Users Posts: 28,191 ✭✭✭✭drunkmonkey


    Move them to another cried card and just try and pay down as much as you can before the interest free period runs out, EBS are still doing 10% interest free for 10mts.
    http://www.ebs.ie/site/All/Members%20Credit%20Card?Opendocument


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    #3
    kinvara64
    Registered Users Posts: 95 ✭✭kinvara64


    Cheers drunkmonkey !


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    #4
    Atlantic Dawn
    Registered Users Posts: 82,570 ✭✭✭✭Atlantic Dawn
    M


    Just remember not to miss a payment on the newly transferred card as if you miss one payment they can terminate the 0% rate and bring it back up to standard rates.


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    #5
    drunkmonkey
    Registered Users Posts: 28,191 ✭✭✭✭drunkmonkey


    I missed one payment on the ebs card all my others are direct debit, they put back the 0% and were pretty sound, but by was I livid over getting hammered with interest just for being 2 days late and was paying back way over the minimum.
    They told me even if I wanted to transfer another large amount to the card and did not qualify for the 0% they would be able to do something for me.
    Happy with my ebs card even though i've never used it as anything besides an interest free loan.
    It's been my only dealings with them but have found them very good.


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    #6
    dudara
    Registered Users Posts: 33,518 ✭✭✭✭dudara


    Moved to Banking & Insurance & Pensions

    dudara


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    #7
    PCPhoto
    Registered Users Posts: 6,584 ✭✭✭PCPhoto


    I think MBNA still do 0% transfer on balances for 9months

    like others have said - if you are late - they charge, and remember just because you send the payment BEFORE the last day doesnt mean they receive it, so you need to make sure you make payment in plenty of time.


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    #8
    kinvara64
    Registered Users Posts: 95 ✭✭kinvara64


    Many thanks to all


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    #9
    coylemj
    Registered Users Posts: 25,437 ✭✭✭✭coylemj


    MBNA are one of the most aggressive showers of b***ds when it comes to financial services. The reason they offer carrots like low interest balance transfer is because they absolutely screw you if you make a late payment, all they have to do is catch you once and you've lost the benefit you got when you joined them.


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