Pay off overdraft with Credit Card

JimmyR32

Hi,

I am currently overdrawn by £3500 on my current account which is mounting up the interest charges and I need to know if theres any cards that will allow me to may off my overdraft at a 0% Balance Transfer Rate. I already have the following cards so cannot use these:

Egg
MBNA
Barclaycard

Any help would be really appreiciated.

Thanks

lorilouise

Hi,

I was on to virgin credit card yesterday and they asked me if I wanted to do any balance transfers including paying money into my current account and it was 0% apr unitl may 09.

Hope this helps you.

JimmyR32

Hi,

I did look at Virgin but arent they part of the MBNA Group?

Bongedone

Yes Virgin card is MBNA

YorkshireBoy

Why can't you "use" Egg & MBNA? Do you have interest bearing balances on them at the moment?

JimmyR32

YorkshireBoy wrote: »

Why can't you "use" Egg & MBNA? Do you have interest bearing balances on them at the moment?

I cant use these cards as they have remaining credit on them, any ideas on who may be able to help me here?

JimmyR32

I meant no remaining credit!

dhassen

http://www.stoozing.com/sbt.php

gives a list of cards that allows SBT. Careful though as lots of these are MBNA.

YorkshireBoy

OK, you're maxed out on (at least) two of your credit cards and you have a £3,500 overdraft. That's going to look pretty bad on a credit search for a new card.

Depending on your income, I don't think you'll get either another MBNA run card or an Egg Money card (plus a 'donor' card) to transfer your overdraft to 0%.

Any chance of a credit limit increase on your existing Egg & MBNA cards?

Maybe a 0% on purchases card would help you 'spend' your way out of your overdraft?

By how much are you reducing the overdraft each month?