Is it possible to take out a credit card to pay off a car loan?

jill36_2

My daughter last August bought a second hand car through a main dealer. She took out their fianance with Santander at 16.5%. She now would like to reduce her out goings and I wondered if it was possible to take out a 0% interest credit card and transfer the balance? Or is it only credit card balances to a new credit card.

YorkshireBoy

http://www.moneysavingexpert.com/loans/plastic-loans#ensure

scroll down to "turn a credit card into a loan"

Also take a look at the M&S card. Sterling travellers cheques bought with it from M&S bureaux de change are treated as purchases, meaning they qualify for 15 months 0% (1% fee applies).

However, 16.5% APR on a recent loan would indicate her credit rating isn't the best(?) so maybe she'll struggle to either get a 0% card or get a sufficient credit limit...especially with the loan showing on her credit file?

poppy_f1

could be possible but you may be limited by the limit on the card