Can I transfer an overdraft into a "0% balance transfer" credit card?

tombooth

Hi,

I've just stumbled along this site whilst at work and I'm rather impressed, especially as I've just bought my first house....

Anyway, I bought my first house with a 100% mortgage and also borrowed more so that I could pay off my debts and have a clean slate.

I am now left with a £1000 overdraft in a graduate account to pay off (graduate account = low interest on overdraft) and I was wondering if it would be possible to transfer this money into a credit card with 0% blance transfers.

I'm not that savvie in financial matters - though I'm gonna learn a lot from this website - so if anyone can give me any pointers on which credit cards would be good for this then let me know.

Thanks

Dan29

Yes, it can be done, but I think you'll need to get two credit cards, an Egg Money and a 0% balance transfer card. See this article and also this one.

newmoneysaver_2

You need to get have card to allows super balance transfers - to enable you to transfer money to a bank account. Have a look at the credit cards thread, you'll get loads of help there!