Balance Transfers

spm2013

Does anyone know of any credit cards that accept balance transfers from personal loans?

Tixy

Presumably you want to pay off a loan with a credit card (rather than the other way round).

You need a card that allows money transfers (aka super balance transfers). These allow you to transfer money from a credit card to your current account - which you can then use as you like.

MBNA backed cards and post office cards allow money transfers. Sometimes barclaycard offer them to existing customers.

lemurs

Hello,

I am looking to get one of those money transfer credit cards too, because they seem good solution. You can get them on 24 month interest free deal, with 4% payable on actual transfer.
I am only wondering, how much of credit limit you can get with them. I have 2500 overdraft debt which I want to clear and I am not sure if the card will give me such a limit. Any ideas?
Thank you.

[Deleted User]

lemurs wrote: »

Hello,

I am looking to get one of those money transfer credit cards too, because they seem good solution. You can get them on 24 month interest free deal, with 4% payable on actual transfer.
I am only wondering, how much of credit limit you can get with them. I have 2500 overdraft debt which I want to clear and I am not sure if the card will give me such a limit. Any ideas?
Thank you.

It may do, then again it may not. It depends on your individual circumstances.

I'd imagine though that if you are accepted for such a card (which are generally reserved for those with better credit histories) then that sort of limit wouldn't be a problem.

lemurs

Deleted_User wrote: »

It may do, then again it may not. It depends on your individual circumstances.

I'd imagine though that if you are accepted for such a card (which are generally reserved for those with better credit histories) then that sort of limit wouldn't be a problem.

I didn't know that they are for those with better credit histories
It's not that I have bad credit history, but it might not be good enough...due to recent loan and mortgage credit searches
Oh well, will need to try and see.

Thank you for your reply!