Overdraft to credit card

manvical

Hi all,

Im currently banking with LLoydstsb and as im sure many of you are aware the are introducing the 5pound charge for overdrafts as well as the 19% apr on top.

I read something on this site last week refering to a couple of credit cards that will allow a balance transfer from an overdraft to a credit card with a 0% apr for 12 or so months plus a fee of some sort. If these are still avail, could someone point me in the right direction, cheers.

ps I did try to scroll back through the various posts and tried the search but you guys seem to chat alot

Moomum

Virgin credit cards allow you to transfer cash into a current account at 0% for 13 months but there is a 3-4% BT rate xx

fozmcfc

You need a Super Balance Transfer card, the best cards are the SBT cards from the list below.

http://www.stoozing.com/0fees.php

1/ You get the card,

2/ Ask them to transfer the money to your bank account

3/ Your credit card is left with whatever you ask to transfer + 4% on top (as that is the SBT fee)

4/ You have xx amount of months to clear it at 0%.

NOTES:

You must pay at least the minimum repayment on the card each month though to keep the 0% rate.

For instance in the case of a 12 months 0% deal, you can't just pay nothing for 6 months, then pay the balance off in the remaining 6 months. Or break up payments for instance pay the minimum the first month, then nothing on the 2nd, 3rd months, then pay on the 4th month.

That's the basics.

pinkarsenalprincess

I have just done a SBT into my account to clear overdrafts using the MBNA credit card. Was very impressed to find out last week that the BT fee was 1.9% and not the 4% originally stated when I applied.

£4200 transferred, with a £70 fee.

Just make sure you budget properly to pay it off on time and don't use the card for further spending