credit confusion?

venasworld

Recently I have found myself in something of a quandary....a month ago I was informed that my interest free current account would become decidedly not interest free in the not too distant future. Somewhat panicked I hastily logged on to MSE & sought out the best deal on balance transfers (ended up with a Barclaycard).
However..... on subsequently trying to transfer the balance I discovered that you can`t do balance transfers from debit cards to credit cards. Now I am a little stuck & trying to figure out how to transfer the balance without incurring massive costs for taking cash advance on the credit card. My instincts are telling me to take another credit card out (one that doesn't penalize to heavily for taking cash); use it to cancel the balance on the debit card and then do a balance transfer from that account using my Barclaycard (thus reaping the benefits of the 23 month interest free). Still though, there will be costs incurred both on the initial clearance and then again on the balance transfer?!
In short I suppose what I am asking is how does one transfer debt from a debit card to a credit card without incurring too many charges?
Your thoughts please?

new_owner

Why not move bank accounts?

Tixy

You could consider getting a new 0% card that allows super balance transfers aka money transfers. These allow you to transfer money from a credit card to your bank account. Thats then only 1 transfer fee.

Main providers are cards backed by MBNA, such as Virgin. And Post Office cards. Tesco and M&S 0% cards also have a work around to get the same effect, which involves using the new card to buy sterling travellers cheques (from tesco / M&S) and then paying those in to your bank account.