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Transferring loan onto credit card - Abbey
 
            
                
                    Mrs_Arkwright                
                
                    Posts: 497 Forumite                
            
                        
            
                    Good afternoon 
I've called Abbey today about transferring my Egg loan onto my 0% Abbey credit card. They said they can't do this - the only way I could do it would be to transfer cash from the card into my bank account (at 2%) and then pay the loan off from my bank account. But I forgot to ask them about cheques. Every so often Abbey send me a bunch of cheques that I can use and the money comes off the card. They usually go straight in the shredder, but could I use one of these to pay the loan off and dodge the 2% cash fee? I can't find on any paperwork the rate for using cheques, and to be honest, it took me so long to get the guy in the Abbey Call Centre to understand what I wanted to do I'm a bit reluctant to phone them again. I can't find anything on the Abbey website either.
Does anyone know?
Thanks in advance 
                
                
I've called Abbey today about transferring my Egg loan onto my 0% Abbey credit card. They said they can't do this - the only way I could do it would be to transfer cash from the card into my bank account (at 2%) and then pay the loan off from my bank account. But I forgot to ask them about cheques. Every so often Abbey send me a bunch of cheques that I can use and the money comes off the card. They usually go straight in the shredder, but could I use one of these to pay the loan off and dodge the 2% cash fee? I can't find on any paperwork the rate for using cheques, and to be honest, it took me so long to get the guy in the Abbey Call Centre to understand what I wanted to do I'm a bit reluctant to phone them again. I can't find anything on the Abbey website either.
Does anyone know?
Thanks in advance
 
                My sig's too large, apparently - so apologies to whoever's space I was taking up.:lipsrseal
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            Comments
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            Found this on the abbey site
 "Other charges:
 2% handling fee (min. £3.00) on: credit card cheques and balance transfers"
 The page I was looking at was this
 http://www.abbey.com/index/cash/credit_cards_index/credit_cards_balance_transfer_card/credit_cards_balance_transfer_card_rates.htm
 Hope this helps xDFW Nerd #104 I :heartpuls my Kitten and my hat :heartpuls and my hat :heartpuls
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            There's an article about paying loan off with a credit card by using one of the super balance transfer cards.
 http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1085355871,12390,
 This is the article about general card shuffling.
 http://www.moneysavingexpert.com/cgi-bin/viewnews.cgi?newsid1107182516,76509,0
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            Oh blimey thanks Peach, I obviously didn't look hard enough! Might as well do the cash transfer thing then.My sig's too large, apparently - so apologies to whoever's space I was taking up.:lipsrseal0
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            Oh and thanks all-hours, I'll have a look at that too :-)My sig's too large, apparently - so apologies to whoever's space I was taking up.:lipsrseal0
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