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Is it possible to balance transfer an overdraft?

lincolnuni
lincolnuni Posts: 15 Forumite
edited 6 July 2011 at 10:49AM in Credit cards
I have a £2500 overdraft from university that I am getting charged £30 from Halifax each month and it is never going down.

Are there any cards where you can balance transfer this at 0% for an amount of time so I dont get this charge and can work to bring this balance down?

Thanks for any help...

lINCOLNuNI

Comments

  • Tixy
    Tixy Posts: 31,455 Forumite
    Yep - some cards allow transfers to your current account for a fee (usually a bit higher than a normal BT fee) - this is a list of cards that allow it - http://www.stoozing.com/sbt.php
    These are generally not the easiest cards to get -to get accepted for any of these you will need a near perfect credit history along with being able to demonstrate affordability etc
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • lincolnuni
    lincolnuni Posts: 15 Forumite
    Thanks for that!

    I searched for Super Balance Transfers...whcih it seems to be.

    Ive narrowed it down to MBNA Platinum and Virgin card - as they are both adminstered by MBNA will it matter which one I apply with as they both seem to have the same terms.

    Thanks again for any help!
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