B/T advice

PJH_2

hey,

I am about to transfer my overdraft onto my new 0% credit card and just wanted to check i'm not missing anything -

£1000 overdraft (on full), pay it off by B/T to egg money card, then pay off the balance on the egg money card with my new 0% B/T card (no fees).

this seems to work in my head, any problems i might encounter or fees involved?

The_Boss

The other way around also works - BT to Egg money and then Egg money positive balance to overdraft.

YorkshireBoy

If the EAR on the overdraft is more than the APR on your Egg Money card, do the BT from your current account to Egg Money as soon as possible.

If, on the other hand, your overdraft EAR is less than your Egg Money APR, then wait until you have the +ve balance on Egg Money (ie, you've BT'd from EGG Money to your new 0% BT card) before transferring your overdraft to Egg Money.

sashacat

I don't understand this, Yorkshireboy. I know I am being thick and I am not disputing what you say, it's just that I don't get it. I ask because I have followed your advice before and am now stoozing successfully....please explain in simple language