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Best Card for paying off overdraft?

Hi, Have been looking into balance transfer cards to shift my credit cards depts which are approx £2000 but i would also like to put my overdraft of £1250 on it too. Virgin charging 4% for doing this which i thought was quite steep. Anyone have any better ideas:question: Thank you

Comments

  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Hi, Have been looking into balance transfer cards to shift my credit cards depts which are approx £2000 but i would also like to put my overdraft of £1250 on it too. Virgin charging 4% for doing this which i thought was quite steep. Anyone have any better ideas:question: Thank you

    I think you can only use an SBT card to do this
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Sorry forgot to add the link

    http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

    see martins page
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
  • dhassen
    dhassen Posts: 759 Forumite
    Innocent's right, you need a SBT card. Virgin is one of the more popular ones, and is one of the MBNA stable, all of which allow SBT. Here's a list of other SBT cards: http://www.stoozing.com/sbt.php

    Bear in mind that most of those are issued by MBNA.
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
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