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overdraft to 0% balance transfer card?
jandrewcrook
Posts: 160 Forumite
in Credit cards
Hi, I am looking to apply for a virgin card to move my existing credit card debts to - if the limit is high enough can i move an overdraft to it as well or does this count as a cash advance (with interest!!)?
thanks for any help in advance....
thanks for any help in advance....
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Comments
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Hi I asked the same question, I was told you can and its a SBT, Ive applied today to do exactly the same. Some more experienced members should be able to go into more detail for you so bumping your thread.Quit Day - 8th July 2009.0
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You move up to 95% of the credit limit to the bank account by means of a money transfer (otherwise known as an SBT). Do not withdraw cash form any machine, bank etc. Just ring Virgin and ask for the Transfer.
Do NOT BT your credit card debts as each will incur a BT fee (most probably), just do the SBT and then pay your other cards from your bank account via a standrad BACS payment, cash payment etc.0
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