We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a Merry Christmas. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 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!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

balance transfer question

forgive my naivety but I have a question about balance transfers. I currently have a car on finance and am really unhappy with it. Would I be able to transfer the balance on to a balance transfer card or would I be unable to do this?

Thanks

Michael

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Hi

    Is it the car or the finance you are unhappy with?

    You cannot do a straight transfer onto a credit card.
    What you may be able to do (subject to acceptance, credit limit etc) is to get a credit card that allows super balance transfers - these allow you to transfer money from your credit card to your bank account (for around a 4% fee) and then you can use the bank account to repay the loan.
    List here of cards that allow SBTs - http://www.stoozing.com/sbt.php
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
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
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 259.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K 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.