Money Transfer Card

TheWizard91

Hi everyone,


I was originally looking for a money transfer card to pay off an overdraft, my income has increased greatly recently but I also have had the misfortune of sliding off the road on monday due to ice and my car is in the garage. I am looking to get a money transfer card which will allow me to have access to cash at the moment and pay off monthly.


Just to clarify, if it's 0% for X amount of months I am not subject to APR until this expires and not at all if I have paid it off? I


I did use the MSE calculator for money transfer cards and the tesco one was recommended....However after clicking the link it appears to be a balance transfer card




Has anyone had any success in getting a money transfer card and could recommend anyone? or is anyone aware of picky lenders I should avoid? any and all help welcome


Thanks

[Deleted User]

You will still need to make the minimum payments

https://www.moneysavingexpert.com/credit-cards/money-transfers/

TheWizard91

Oh Yeah, I'm aware I will have to pay it off monthly..... but this will be interest free providing I'm in the 0% window?

[Deleted User]

TheWizard91 wrote: »

Just to clarify, if it's 0% for X amount of months I am not subject to APR until this expires and not at all if I have paid it off? I

You're always subject to APR. It's just that while your APR is 0%, your interest will be zero.

TheWizard91

That was the link I followed previously but the card it links me to is still stating it's a balance transfer card

[Deleted User]

TheWizard91 wrote: »

That was the link I followed previously but the card it links me to is still stating it's a balance transfer card

Just go to the Tesco website and manually choose the MT card then?

TheWizard91

Hi Gary,


Sorry for being unclear, The MSE calculator suggested the BT card for me and not the MT. I was unsure if that assessment would still be applicable for the MT Card; as they appear to be different cards.


I'm trying to find the cards which I will most likely to be accepted for and didn't want an erroneous search result damaging my chances.

[Deleted User]

Apply directly with a lender then.

TheWizard91

I am going to, just waiting to see if anyone else responds with info on picky lenders etc

[Deleted User]

TheWizard91 wrote: »

I am going to, just waiting to see if anyone else responds with info on picky lenders etc

Define "picky"?

Everyone's situation is different.

What works for one may not work for the other.

TheWizard91

More stringent with their criteria?