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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Balance Transfer Card
sharding85
Posts: 6 Forumite
in Credit cards
Hello,
Can I make a balance transfer to a debit card?
Cheers
SH
Can I make a balance transfer to a debit card?
Cheers
SH
0
Comments
-
No. But you can money transfer to a current account.0
-
Most credit card companies will let you use your debit card to pay off your credit card bill, but you are not able to use a balance transfer to move debt to a debit card. What you are describing is essentially a money transfer, which usually requires a specialist type of card to avoid massive fees.0
-
Thanks. Sorry if this is a stupid question but if there is a fee for the money transfer how does this work?
As in is it added to my credit card amount and I just pay that off with the rest of my transfer?0 -
Yes. Typical fee is 4%.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards