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Loan transfer to a credit card?

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The_Saltmeister
The_Saltmeister Posts: 4 Newbie
in Credit cards
I've got a £7k loan at 6.3% over 48 mths. Can I balance transfer a loan to a credit card?

If so any good deals that you could advise me of?

Thanks.

Comments

  • SparciaM
    SparciaM Posts: 586 Forumite
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    you don't need to balance it across. Just get them to pay the loan into your current account and then pay the card off from there, simple.!.
  • Phoenix79_2
    Phoenix79_2 Posts: 1,434 Forumite
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    Not so simple. Only works on certain cards. MBNA being the prime example. Your problem could be getting a card with a limit high enough to do it.

    6.3% isn't a bad rate anyway.
  • tom188
    tom188 Posts: 2,330 Forumite
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    There are dozens of threads on this topic. I suggest you look back a few pages or do a search of the site.
This discussion has been closed.
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