We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Balance transfer to bank account

Hi, I'm new to this forum but i think i'll be spending some time on here :)

I have a quick question..

I am being charged interest on my bank accounts and i want to get a credit card to clear my debts by using balance transfer.

I am looking at a Barclay card.

Can balance transfers only be used to clear other credit cards or can it put money into a bank account?

Comments

  • sicker
    sicker Posts: 1,370 Forumite
    1,000 Posts Combo Breaker
    All mbna cards allow transfers to current accounts. (with a 3% trans fee)
    And Egg Money card can be used as a mule (trans from other cards to Egg Money then on to current account.)

    John
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.7K Banking & Borrowing
  • 253.4K Reduce Debt & Boost Income
  • 454K Spending & Discounts
  • 244.7K Work, Benefits & Business
  • 600.2K Mortgages, Homes & Bills
  • 177.3K Life & Family
  • 258.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.