Credit cards which allow balance transfers of over drafts?

choidivision

Hope the title makes sense!
I want to transfer my overdraft from my Barclays Grad account to a credit card with an interest free period. The only card I know that will do this is Egg. Does anyone know of any others?

[Deleted User]

Virgin used to - not sure if this still applies. Look up super balance transfers in the forum and Martin's articles.

funschine

Some card companies do Loan Cheques. You pay this into your bank account, it covers the over draft and it counts as a balance transfer.
Capital one does it. Might be worth phoning your card company and asking for a loan cheque.
Hope that helps.

System

Trouble is these cheques count as cash. I have a CapitalOne NoHassle Platinum card and the usual interest rate is something around 7%. The amount I withdraw by way of cheque is at a rate of over 20%. Furthermore, this amount goes to the bottom of the list in terms of repayment - standard purchases at 7.x% are repayed first when you pay any money into your card account, so that cheque might not be paid off for years if you keep a debit balance on the card.

Apparently CapitalOne say that occasionally the CC cheques have the same rate of interest as purchases, but if so it will be clearly marked on the cheque. I have received scores of these cheques (which are promptly shredded) and have never yet seen any marked at the lower rate.

System

Sorry, funschine, having re-read your post I think maybe you were referring to something different to the run-of-the-mill credit card cheques the CC companies issue.

Bokkens

MBNA(Virgin,Alliance and liecester) MINT,Lloyds all do BT to your bank account via the phone or by using cheques which they issue.Quite often they issue these cheques several months into the 0% offer thereby leaving you a shorter remaing period to pay off you BT.
M&S are at 0% and you can use their BT into their Sterling travellers cheques (1% fee) then take the travellers cheques and cash them and pay off your overdraft leaving the debt on 0% with M&S for 12mths (I think it is 12mths).