I need a Super Balance Transfer!

Irishorangutan

Does anyone know of any cards currently doing a good deal (6 months 0% with no transfer fee for example) on Super balance transfers? As I'm switching both current and business accounts just now, it would be great to get rid of the overdrafts and put them on cards?

My A&L current account comes with a credit card, so i'm thinking perhaps they may allow SBTs?

YorkshireBoy

Irishorangutan wrote:

Does anyone know of any cards currently doing a good deal (6 months 0% with no transfer fee for example) on Super balance transfers?

There hasn't been such a card since Virgin started charging late last year and Mint introduced their new format last December.

You could use Egg Money and the 'middle route' - using a 0% fee-free BT card (which are few and far between these days).

My A&L current account comes with a credit card, so i'm thinking perhaps they may allow SBTs?

I've no practical experience of this card, but the standard MBNA T&C's would seem to preclude SBT's now (see section 16 - definitions, and in particular, 'Money Transfer'). Even if they allowed them, there'd be a hefty fee to pay.

Re the overdraft, there is another way...'slow stoozing'. Get yourself a 0% on purchases card and put all your spending on that. If you just make the minimum payments on the card, your overdraft should reduce over time - how fast will depend on your normal spending pattern. Don't forget you'll have to pay the balance in 6/9/12 months time - or BT the debt (maybe at a cost) to another card.