NatWest Platinum Credit Card 0% balance transfers 23 months(3.5% fee, min£5)any good?

diz79

Hi

My bank has sent me an email with this deal on a credit card, seems really good as I want to move my overdraft and avoid interest fees.

Does anyone know what the (3.5% fee, min £5) is this to do with moving balances or purchases?

All help would be greatly appreciated.

Many thanks

[Deleted User]

for every £1000 you transfer the fee will be £35(3.5%)

sfax

You can't BT from an overdraft unless specifically stated. The card you've described sounds like balance transfers from credit cards only to me

diz79

Wow thanks guys, I was hoping to transfer overdraft this isnt possible with credit cards then unless very specific I guess.

Thanks for your help

Do you know any cards you can transfer an overdraft or ways in doing it?

YorkshireBoy

How big is the overdraft?
How much is it costing you monthly?
How much have you reduced it by each month for the last 6 months?

Do you know any cards you can transfer an overdraft

MBNA is the most popular, but there are others...

http://www.stoozing.com/sbt.php

or ways in doing it?

Get a 0% on purchases card and spend your way out of the overdraft. But be sure to have a plan in place to clear the debt before the 0% expiry or, as a last resort, BT the debt to another card.

PollyOnAMission

YorkshireBoy wrote: »

Get a 0% on purchases card and spend your way out of the overdraft. But be sure to have a plan in place to clear the debt before the 0% expiry or, as a last resort, BT the debt to another card.

That is what I did; worked a treat

diz79

Thanks for response.

I have 2 one is £2500 with Natwest I use this as my account. Pay about £30ish a month interest. Ive slowly stareted to reduce it last 2 months.

Barclays £3000 but this is a graduate account and Im only getting interest on £1000 at the mo so £10is plus £7 for graduate additions account.

Im trying to do Natwest first.

diz79

PollyOnAMission wrote: »

That is what I did; worked a treat

How did you manage this? Was it 0% on everything I dont quite understand?

sfax

diz79 wrote: »

How did you manage this? Was it 0% on everything I dont quite understand?

Just pay for everything you can on a credit card and rather than pay it off in full, transfer the balance each month

jaxkesa

I have just got myself this card. You can do a money transfer to a bank account at the standard APR.

I am considering paying my overdraft by transferring from Natwest to my bank account, then paying off that amount on the Natwest card using my Barclaycard balance transfer (6.9%), then balance transferring that back to my Natwest card at 0%.

Obviously I will pay some fees but it may be worth it for me

diz79

sfax wrote: »

Just pay for everything you can on a credit card and rather than pay it off in full, transfer the balance each month

Sorry if a bit slow. I'm new to this, so basically, I keep my salary in my bank account and buy everything with the credit card for the months payments are free and/or when overdraft is transferred?