transferring overdraft to 0% interest card?

caspol

Hi all, currently a LA-funded student but due to graduate in June. I have a £2000 interest free overdraft with Coop that has been great. Estimate that I will end course with approx. £1500 left to pay. The Coop will not continue this interest-free overdraft for another year so I can clear it while working. I know I can probably switch to an interest-free graduate account with another bank but I don't really want the hassle and I like the Coop's philosophy and service. My question: is there a 0% credit card that will accept a balance transfer from an overdraft? I have had a look around (here and on general t'internet) but haven't been able to find anything? Anyone have any good/useful suggestions? Thanks

lukekelly_2

Virgin allow balance transfers from current accounts I believe.

Rosie75

The Egg and Virgin credit cards allow you to do a "super balance transfer" to pay off an overdraft. Most other credit cards would treat this as a cash loan, with huge interest rates, so be careful.

caspol

MSE'rs to the rescue again! Thanks for this, I have discovered that I have an Egg credit card in my wallet that I haven't used in ages. I logged in and it is still current so I will probably go with this option

YorkshireBoy

...but is the interest rate (plus any fees applicable) cheaper than your overdraft rate?

Even if it is, the overdraft may still be cheaper in the long run if you're making (regular) credits to the account.

dhassen

caspol, if you've had the egg card for ages and haven't used it its unlikely that the interest for balance transfers would be any good, and the original 0% offer will have expired. The virgin card's got the longest 0% deal of all the cards that allow SBT, but here's a list of them all: http://www.stoozing.com/sbt.php