Money transfer - accepted but not enough

Megano

So I applied for an MBNA mastercard in the hope to be able to get a money transfer (which is currently sitting at £1300) and I was accepted to a 0% 12 month offer with a 4% transfer fee. Which is great! The only problem is the limit offered is only £500.
Do I A) say thank you but no thank you MBNA and continue to pay off my overdraft (at the moment Im currently paying off £300 odd a month) with a daily interest of 1.19%
or Do the money transfer at the lower amount to bring the interest baring debt down and just pay off the credit card within 12 months?

YorkshireBoy

Neither! You do C)...which is take the MBNA money and immediately throw in an application for a Virgin money transfer card in an attempt to get the rest of the cash required.

By the way, your O/D interest is most definitely not 1.19% per day!

Megano

YorkshireBoy wrote: »

Neither! You do C)...which is take the MBNA money and immediately throw in an application for a Virgin money transfer card in an attempt to get the rest of the cash required.

By the way, your O/D interest is most definitely not 1.19% per day!

Your right! Your right! Its 1.53% per month. My bad. My bad.
According to MSE soft check I wouldn't be accepted for a virgin money credit card.

YorkshireBoy

Megano wrote: »

According to MSE soft check I wouldn't be accepted for a virgin money credit card.

I'd take the approach that I'd nothing to lose and everything to gain.