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Interest free cash

follyfoot
Posts: 476 Forumite


in Credit cards
can anyone tell me whether it is possible to apply for a credit card and then have cash transferred to my current account interest free?
0
Comments
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one of the egg cards do this i beleive0
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I suggest for more detail you search for the several dozen posts on this subject/transferring to a loan that appear each week.0
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You will probably need 2 cards to do this. A credit card with a 0% offer on balance transfers and an Egg Money card. You route the money from the 0% BT card to Egg Money and then you can route it from Egg Money into a bank account. There would be no interest payable on either part of this and there will be no fee by Egg for their part. However, there will probably be a Balance Transfer fee payable to the 0% card company. You need to find a capped fee or one of the few that still don't have a fee. See Martin's article on Stoozing (above) or visit the stoozing website for more detail.
ClarimanAuthor of the first Stoozing FAQ on the Internet and Creator of the SOA & Snowball calculators at Lemonfool.co.uk0
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