We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
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
-
one of the egg cards do this i beleive0
-
I suggest for more detail you search for the several dozen posts on this subject/transferring to a loan that appear each week.0
-
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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards