which MBNA card to transfer money into my bank account

longwalks1

am after a virgin (or other MBNA backed card) to transfer money into my current account to purchase a car with

Also whats the best RBS and HBOS cards to try as well? longest 0% for, and the actual name of the cards

thanks in advance

noah271007

britishboy wrote: »

am after a virgin (or other MBNA backed card) to transfer money into my current account to purchase a car with

Also whats the best RBS and HBOS cards to try as well? longest 0% for, and the actual name of the cards

thanks in advance

Most MBNA CC offer money transfers to bank account but with 4% fee charge. Recently got approved for BMI Amex CC that offer the money transfer option for 12months 0% promotional rate.

Post Office is another.

HTH.

longwalks1

thanks noah
just cancelled my post office card after clearing the 0% balance transfer i had on it, guess ill have to wait to re-apply for that one

so the BMI Amex CC offers money transfer with 0% fees? is this still available?

byebyedebt

The current Virgin money offering offers 0% for twelve months on purchases. So if you were buying from somewhere that takes card payments you could probably save some money on the fee. Although most garages will levy 1-2 per cent for card payments, still cheaper than the 4% fee that Virgin are currently advertising for money transfers. (2.8% for credit card transfers). Note after paying the 4% fee, it is interest free for 12 months. Thereafter the typical rate is 23.9%.

A word of warning. Virgin are very good at rate jacking. There are people on these boards paying well over 23.9%. A lot of people are also finding that they can no longer get credit cards at good rates at the moment. Gone are the days of just getting another 0% card at the end of the period so you might find in a years time that you can't get another card and will be paying a lot of interest.

If you are looking to borrow over more than 12 months it might be better to try to get a sensible priced loan, and pay interest monthly, but less interest over the period than if you used a card.

CannyJock

Cards that will transfer money direct to your current account are listed here http://www.stoozing.com/sbt.php they charge a fee for the transfer.

Your other option is to use a 0% purchase card and pay the dealer's merchant fee, which can be around 2.5% http://www.stoozing.com/purchases.php

longwalks1

thanks people

anyone know if im likely to be able to get a better deal if i have £10k cash to barter with, as opposed to putting it on a cc? realise all dealers are different, but thought id ask