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.
📨 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!
Balance Transfer?
PaulD85
Posts: 1 Newbie
in Credit cards
Hey All,
I currently have a credit card and an old overdraft which i'm trying to pay off at the moment.
I've just changed banks to Santander, and wanted to transfer both onto one new credit card with Santander so that I can manage it easier.
My question is:
If I want to pay the overdraft off with the credit card, does it get classed as a balance transfer, or is it a cash withdraw?
I currently have a credit card and an old overdraft which i'm trying to pay off at the moment.
I've just changed banks to Santander, and wanted to transfer both onto one new credit card with Santander so that I can manage it easier.
My question is:
If I want to pay the overdraft off with the credit card, does it get classed as a balance transfer, or is it a cash withdraw?
0
Comments
-
Neither you need a credit card that offers a super balance transfer in other words money gets put into your account for you to allocate payments. Different from a balance transfer as this is credit card to credit card. Beware do not withdraw money yourself as you get charged interest and a withdrawal fee if you do this.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.4K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.4K Work, Benefits & Business
- 601.2K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards