We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Overdraft - Credit card question? Please HELP

Options
Hi All,

I don't know who to ask so I thought my fellow money saving experts could answer this one:

I am almost £1000,00 in overdraft on my current account...I want to know, can one transfer this to a credit card for example. Currently I have a Barclaycard which is not interest free anymore but I have tansferred the balance from them to M&S which is interest free for 6 months.....

If this can be done and my 2 credit cards are no good which card would be better.....

I URGENTLY NEED YOUR ADVICE.....thanks.

Comments

  • motch
    motch Posts: 429 Forumite
    Hi

    I'm no expert

    but if you can transfer onto a credit card you could phone up barclays (make sure you have no money owing on it) and ask to transfer the grand onto that if they offer you a really good deal like 0% for 9 or 12 months, would be a 2% fee at least i'd of thought. If one operator is not playing ball ring up later and try again...

    regards
  • Bisoy
    Bisoy Posts: 873 Forumite
    There are a few credit cards that will allow you to transfer your overdraft to a credit card and the MBNA cards are a good example.

    If you visit https://www.stoozing.com they have a good articles super balance transfer (SBT cards). Hope this helps.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.