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.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Using Egg for SBT outside 0% period
robjo2
Posts: 44 Forumite
in Credit cards
Comments please on whether this scenario would work:
I have an Egg card with £0 balance and outside 0% period. Can I BT to Egg from another card (also with £0 balance on it) thus creating a credit on the Egg card in order to SBT this to bank current account? Would this also be interest free as I would be SBTing a credit rather than a debit?
I have an Egg card with £0 balance and outside 0% period. Can I BT to Egg from another card (also with £0 balance on it) thus creating a credit on the Egg card in order to SBT this to bank current account? Would this also be interest free as I would be SBTing a credit rather than a debit?
0
Comments
-
Yes and yes.
As long as the Egg Card's in credit, you can then SBT this amount on to your current account (select the overdraft option in the BT menu on Egg's website). There's no charge for this or any interest to pay because the Egg Card's in credit.Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
MSC - thanks for confirmation. I thought this would be the case, but always best to check it out.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards