Balance transfer?

woollisox

Hello!

Can I transfer an overdraft balance onto a credit card? Looking at the Barclaycard Platinum at the mo.

Thanks in advance!

downhillfast

You need a credit card that offers what are called 'money transfers' - this effectively pays cash into your current account for you to do with what you please.

http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costs

woollisox

Apparently you need a high credit score to get those, which just isn't applicable here unfortunately

Thank you though.

greensalad

MBNA does money transfers. I have poor credit and got one of their cards.

concrete_kid

Failing that, you could swap to a bank with better overdraft interest. I opened a first direct account, it has £250 interest only overdraft and the apr on the rest is 19% which is less than many other high street banks.

woollisox

It's a student account so there is no interest currently on there. The offer runs out soon though so trying to think of a way to just move the balance over. I don't think it can be done, as neither of us can get accepted on those cards
Need to pay it off the old-fashioned way unfortunately.

debtbgone

Are you eligible for a graduate account?