The rules

rougharse

Hi guys newbie to the forum & was after knowing 1 basic question. Can you transfer a bank overdraft to a 0% balance transfer credit card or is it stricktly for card to card balance transfers

Soz to start my first thread with a question that has probably been done to the death but it is Christmas :xmassign:

YorkshireBoy

Yes, click the "Super BT's" link in the blue box above your first post.

rougharse

Thanks for that Yorkshireboy. I've read the info & now need to work out the best way for me to remove a long standing £10k overdraft & more to the point £105 interest charge every month. I think SBT for me is an advantage over another account transfer due to the ammount. It may even be a case of getting more than one card & spreading the load so to speak.

Any advise would be much appreciated

David_Mee

Have a read of Martin's article on moving to a "Life-of-Balance" card as well - 0% usually last 6-9 months meaning you have to keep remembering to reapply - another way is to swap it to 4.9% LoB and make overpayments - yes costs more but don't get in flap every 6 months hoping you get a decent limit on your new card. Depends on you at end of day

YorkshireBoy

rougharse wrote:

I've read the info...

But did you understand it? Because 8 minutes after you posted this, you asked on another thread if the Skycard had SBT capabilities (which it doesn't by the way).

rougharse wrote:

Any advise would be much appreciated

Everything you need to know about super balance transfers is contained within the Super BT's article. I suggest you read it again. The people on here can help "fine-tune" your options, but because there are so many risks associated with playing with credit cards like this, you really NEED to understand the basics first. It's for your own good.

PokerPortal

YorkshireBoy wrote:

But did you understand it? Because 8 minutes after you posted this,

you spend way too much time on this forum YorkshireBoy! :rudolf:

Annie_Fanny

Thank goodness for that! We need people like YorkshireBoy keeping us on our toes!

Cheers
YorkshireGirl!!