Can you use a CC to pay off OD

aberdeensaver

Hi,

Sorry I am a newbie, maybe a silly question, but just been sent my new 0% for 2 years on BT by Barclaycard. I have transfered over my other credit card but have an OD with BoS that charges me £30 a month interest (or one pound a day).

I have two questions, if I were to walk into BoS and ask to close down the account and pay off the £1750 and use the new Barclaycard to do it would it be seen as a purchase by Barclays, as I have 3 months 0% before it moves to 16.9%.

Second question, am I right in saying that 16.9% on £1750 is approximately £22.98 a month, which is still cheaper than my BoS charge?

Hope someone can help.

E x

Tixy

You can't do it with a barclaycard (as a BT or purchase)

There are a few cards that allow you to do a transfer to your current account - these are known as super transfer cards, or money transfer cards - a list of them is here - http://www.stoozing.com/sbt.php

aberdeensaver

Oh ok, thats dissapointing, I figured they would just treat it as a purchase if I stuck it in the chip and pin at the bank. Back to the drawing board then! thank you.

Tixy

No. Usually they either it won't let you pay it off with a CC at all - or it would likely be treated as a cash advance by the credit card company.