Virgin Cash Transfer.

dishmop

HAving just applied for Virgin card and read all the bumph I am unable to figure out if I can use the card to transfer cash to my bank account. Getting confused with the info regarding using Virgin and Egg Money cards.

izools

Yes you can.

It is termed a "Super Balance Transfer". The fee is slightly higher than a transfer to another credit card but the promotional period the same.

When your card arrives simply call them, ask for a super balance transfer to your bank account, and they'll take your bank details sort it out for you.

Simples

dishmop

Thankyou.

If thought I could but my brain is so full of useless information that if I dont take something in the first time I read it I find it as difficult to understand as the finances of the Eastenders characters...


or...

If I use an Egg Money card to transfer into bank and then balance transfer to Virgin is that cheaper????

izools

dishmop wrote: »

Thankyou.

If thought I could but my brain is so full of useless information that if I dont take something in the first time I read it I find it as difficult to understand as the finances of the Eastenders characters...


or...

If I use an Egg Money card to transfer into bank and then balance transfer to Virgin is that cheaper????

If there's no fee to do a cash transfer from Egg to your Bank Account, then it would be cheaper, yes, as the credit card balance transfer fee is less with Virgin / MBNA than the Super Balance Transfer fee.

Best way would be to do a balance transfer from Virgin to Egg first (i.e. put Egg in credit), then from Egg to your Current Account as that way you would avoid cash interest

Good luck! :beer:

dishmop

Thanks again.