Can my partner put my overdraft on his credit card

kate0983

I Have been trying to get a 0% credit card for a while, My score isn't great but I am not bad with money at all but one of the reasons is because im in my overdraft constantly, I want a card so I can put my overdraft on it so I can pay it off and so im not paying interest to my bank. Would my Partner be able to open a card in his name and put my overdraft on it?

cifpower

Yes he would as long as you get a special card such as Virgin or any other MBNA branded card. When the account is open you ask for a cash transfer. There is a fee of 4% with Virgin but you get 15 months at 0%

Moggles_2

cifpower wrote: »

There is a fee of 4% with Virgin, but you get 15 months at 0%

Actually, it's reverted to 16 months once again.

IMO, it's best to request your money transfer by phone (as opposed to online), so you can make certain the 0% interest rate will apply. He can do this when he calls to activate the card. There's a dedicated, Freefone number.

Virgin will allow him to transfer up to 95% of his credit limit. The money arrives in your bank account in about 6 days

dfh

kate0983 wrote: »

I Have been trying to get a 0% credit card for a while, My score isn't great but I am not bad with money at all but one of the reasons is because im in my overdraft constantly, I want a card so I can put my overdraft on it so I can pay it off and so im not paying interest to my bank. Would my Partner be able to open a card in his name and put my overdraft on it?

Yes,you can.You will need a credit card that accepts transfers to current accounts.You should be able to do it with the MBNA family of cards.

dfh

cifpower wrote: »

Yes he would as long as you get a special card such as Virgin or any other MBNA branded card. When the account is open you ask for a cash transfer. There is a fee of 4% with Virgin but you get 15 months at 0%

The Balance Transfer fee used to be 2.98%.Have they increased it recently?

nzseries1

Yeah, it was a couple of months ago that they increased the fee for Money Transfers only. I'm 90% sure the Balance Transfer fee is still 2.98%, but I may be wrong there.

Budner

The fee is still 2.98% with Post Office, it's 12 months 0%

Moggles_2

nzseries1 wrote: »

Yeah, it was a couple of months ago that they increased the fee for Money Transfers only. I'm 90% sure the Balance Transfer fee is still 2.98% ...

That's right.
Still a market-leading deal, IMO

Moggles_2

Budner wrote: »

The fee is still 2.98% with Post Office, it's 12 months 0%

Alternatively, you'd get 0% until 1 August 2010 from Egg. A 3% BT fee applies.

Which option is best depends, to some extent, on which cards your partner has at the mo or has held recently.