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Balance Transfer Question?
naomijj
Posts: 90 Forumite
in Credit cards
Hello :-)
Looking for a bit of advice, my DH has been pre approved for a hsbc credit card. If he applies for it will he be able to transfer his hsbc overdraft to it as a balance transfer?
Not sure how the balance transfers work, would he be better trying for a non hsbc card or should we ring habc and ask them. Don't want to waste a credit check if it won't be possible
Thanks :-)
Naomi
Looking for a bit of advice, my DH has been pre approved for a hsbc credit card. If he applies for it will he be able to transfer his hsbc overdraft to it as a balance transfer?
Not sure how the balance transfers work, would he be better trying for a non hsbc card or should we ring habc and ask them. Don't want to waste a credit check if it won't be possible
Thanks :-)
Naomi
Happy Wife and Mother :-) DD is 7 bump is due in July and DH is 40.
0
Comments
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He will not be able to transfer his overdraft to the card. If he wants to do this he will have to apply for a card like Virgin (or any MBNA card) or the Post Office. They allow money transfers which transfers cash from your credit card to your bank account. Virgin does this for a 4% fee and at 0% for 16 months. I would advise not initiating this until you have the card and do it over the phone with an operator.0
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