Lloyds o/d -> Egg Money -> Barclaycard

bigbadandy

Hello,

I've been trying to transfer my o/d onto a cheaper rate. I have a Barclaycard with a large limit and would ideally like to transfer it onto here and pay it off on the 6.7% for life rate.

Unfortunately Barclaycard take o/d transfers as cash advance and so the rate on this would be 29%. Someone on this website suggested I go for Egg Money. I have now applied for this and been accepted however the rate is 12.9% APR variable. This is not much better than my overdraft, so is it possible to transfer my o/d to the Egg Money account without a fee and then transfer from the Egg Money onto my Barclaycard at the promotional rate?

Thanks

YorkshireBoy

BT a ficticious balance from Egg Money to Barclaycard first. This will create a positive balance on Egg Money,

Then move the positive balance cash from Egg to your LTSB current account...either via the online BT method or by asking Egg for a BACS transfer. Neither method will incur a fee.

bigbadandy

Thanks YorkshireBoy, it was you who helped me last time, I couldn't find the old thread to refer back to.

Cheers

Andy

clio

Y/B Helps everyone and smiles whilst he's doing it lol..