Credit card in credit

andys15

Hi.

I currently have £500 on my virgin credit card and will be balance transfering that onto my new Natwest Credit card. Could I balance transfer more onto my virgin credit card, and when my virgin credit is actually in credit, transfer that to my current account?

DGJsaver

How do you go about transferring a balance ONTO your Virgin card , wont that do nothing but put the account in to debit ?

andys15

Could I not phone up natwest and say i have £10k on my virgn credit card, give them my virgin credit card number, balance transfer 10k, and then withdraw 9.5k from my vigin credit card as i would then be in credit.

DGJsaver

Mate , that sounds dodgy as anything....dont know the answer !

miss_missy

why dont you just transfer the money you want to your current account from virgin and then once complete transfer the virgin balance to the natwest card?
if your natwest cards new do you know you have a 10k limit?? seems alot for a new cc mind i have heard natwest giving large credit limits

miss_missy

are you trying to get round paying the transfer fees that virgin charge if so i think there more likely to just credit your natwest card back the funds

andys15

natwest have just given me an £18000 limit. I never asked or knew i would get that limit, and i was going to pay a loan with it. Effectively putting a loan onto my new natwest credit card

miss_missy

ah its you who got the big limit well done i would do what i said in my first post then mbna who provide the virgin card allow you to transfer money to your current account so no probs there then once its done should be easy to transfer money to natwest
good luck

immoral_angeluk

I can't even get my head around what you're saying let alone know the answer... lol