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how to get credit card
Dearne90
Posts: 3 Newbie
in Credit cards
I have just filled out an application for the barcleycard 0% interest for 35 months to help pay off an overdraft but upon application it is saying it will only transfer to help with other credit cards or store card can anyone help me and tell me how to get a good apr credit card to pay off my overdraft as im in debt 
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Comments
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The only credit cards that routinely offers money transfers to new customers are MBNA or MBNA backed cards.
With a money transfer card you can transfer funds in to your current account.
The 0% period can be shorter for money transfers than balance transfers, and the transfer fee can be higher, so you'd need to check these terms to ensure it was financially worthwhile.A smile enriches those who receive without making poorer those who giveor "It costs nowt to be nice"0 -
I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0
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Barclaycard.I have just filled out an application for the barcleycard 0% interest for 35 months to help pay off an overdraft but upon application it is saying it will only transfer to help with other credit cards or store card can anyone help me and tell me how to get a good apr credit card to pay off my overdraft as im in debt xxxx
You should have asked before applying, not after.
MSE article: 0% money transfer cards
However, a Spending 0% Card can be easier to get. Without paying for a BT you 'shift' your normal spending to the CC and use the 'saved' cash to pay the overdraft off.0 -
thank you im looking for one to pay off my overdraft and also to make a payment/finish another payment off so what do I ask for? do I put In a transfer total of my overdraft plus the amount of my other payment?0
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:huh:...also to make a payment/finish another payment off ...
If it's a 'money transfer' card just read the article and you'll see that you simply get the money (up to 90% of the credit limit typically) to your current account. Then you can do whatever you want with it.
If you use the card for a 'payment' as well, you'll not get 0% on this transaction unless the card offers 0% on purchases as well.0 -
so which card would you recommend that I am most likely to be accepted to?0
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that totally depends on your situation - credit history, salary, etc. If you want to pay off an overdraft it must be a money transfer card like the MBNA one, not a 0% on purchases or 0% on balance transfers one.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0
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