We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Balance transfer / overdraft

l have a £3000 overdraft which is up to the max - can l take out a 0% balance transfer card out and transfer my overdraft on to the card saving me at least £25 per month ???? or is it only for other credit cards / store cards ???

Comments

  • stephane_2
    stephane_2 Posts: 3,076 Forumite
    Few CC providers will allow you to do "super balance transfer" which is transferring a certain amount of cash to a current account at 0% offer, the fee is around 3 to 4% and they normally allow you to transfer 95% of your credit limit. Virgin/MBNA and Post Office I believe offer that kind of transfers
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 349K Banking & Borrowing
  • 252.4K Reduce Debt & Boost Income
  • 452.7K Spending & Discounts
  • 241.9K Work, Benefits & Business
  • 618.5K Mortgages, Homes & Bills
  • 176.1K Life & Family
  • 254.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.