We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Money transfer..or Balance transfer
ferry
Posts: 2,016 Forumite
in Credit cards
Just a quick question,apologies if I'm asking a silly question but if I am able to transfer funds from my credit card to my current a/c will this be seen as a money transfer and will I get penalised with a naturally high rate accordingly if I'm not in an special introductory offer etc.?
Cheers
F
Cheers
F
:j
0
Comments
-
It might. Which credit card(s) do you have at the mo?People who don't know their rights, don't actually have those rights.0
-
Its an Egg card.(not Money)..:j0
-
Egg will allow you to transfer an overdraft to Egg card, (in other words, transfer cash from the credit card to your current account), at your standard balance transfer rate.People who don't know their rights, don't actually have those rights.0
-
Just to add, if you're not in a special promotion period then no BT fee is charged.Egg will allow you to transfer an overdraft to Egg card, (in other words, transfer cash from the credit card to your current account), at your standard balance transfer rate.
But 16.9% APR (typical) is a high rate for borrowing cash. Is the overdraft even more expensive?.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards