0% on Transfering money to my current account from a credit card. Which one is best?

bada55

I have noticed recently that some cards are happy to entice us to open an account with them and offer transfering money to a current account at 0% over 12 months with a fee for doing so.
Is there a list of the best providers for this type of transfer anywhere on this site please?
I am stuck with ever increasing % overdrafts during the last year (in fact they doubled in interest!) and I will easily be able to pay it off in 12 months with a fee of around 4%.
Thank you...

Moggles_2

A few rather special cards will allow you to transfer an overdraft to them, (in other words, transfer cash from the credit card to your current account), at balance transfer rates.

You need:
a card issued by MBNA (e.g. MBNA itself, Sony, Virgin), Egg card or the Post Office card.

A 3%-4% handling fee applies, but there are no other charges during the introductory 0% period

Moggles_2

Which option is best depends, to some extent, on which cards you have at the mo or have held recently.

To maximise the 0% period, 16 months is currently available to new customers from Virgin. There's a 4% handling fee, but no other charges during the promotional period.

IME, and from feedback here, credit limits tend to be generous.

http://uk.virginmoney.com/credit-card-v3/

IMO, it's best to request your transfer by phone (as opposed to online), so you can make certain the 0% interest rate will apply. You can do this when you call to activate your card. There's a dedicated, Freefone number. Virgin allows you to borrow up to 95% of your credit limit. The money arrives in your bank account in about 6 days

CannyJock

bada55 wrote: »

I have noticed recently that some cards are happy to entice us to open an account with them and offer transfering money to a current account at 0% over 12 months with a fee for doing so.
Is there a list of the best providers for this type of transfer anywhere on this site please?
I am stuck with ever increasing % overdrafts during the last year (in fact they doubled in interest!) and I will easily be able to pay it off in 12 months with a fee of around 4%.
Thank you...

There is a list on the stoozing site: http://www.stoozing.com/sbt.php