We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Balance transfer from overseas?

Options
I have returned from living in NZ for 18 months and still have balances on 2 credit cards over there with the ASB bank. Can I transfer the balances onto a UK credit card? I was hoping to be able to do so to a 0% balance transfer credit card as currently it's costing me a fortune.

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    You can't BT directly. What you need is a 'super balance transfer' card, allowing 0% cash transfers into your current account...from where you can settle the foreign debt.

    http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs
  • Lettyx1
    Lettyx1 Posts: 19 Forumite
    Part of the Furniture First Post Combo Breaker
    So, YorkshireBoy, I apply for a super balance transfer card, then ask them to transfer ££££ into my current account. I then transfer the money straight to the cards in NZ. I then pay off the card at 0% interest. Am I understanding correctly?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Lettyx1 wrote: »
    So, YorkshireBoy, I apply for a super balance transfer card, then ask them to transfer ££££ into my current account. I then transfer the money straight to the cards in NZ. I then pay off the card at 0% interest. Am I understanding correctly?
    Yes........
  • Lettyx1
    Lettyx1 Posts: 19 Forumite
    Part of the Furniture First Post Combo Breaker
    Fantastic, I'll give that a go. Thanks for your advice!
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.