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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
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No. But you can money transfer to a current account.0
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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
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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
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