0% Credit Card Transfer Query

sophieg_2

Hi, 

One of my Credit cards has a 0% Balance and Money transfer offer until the end of the month, it is however, my only card that is nearly at it's limit. My query is, can I pay off the card using part of my current account overdraft and then use the 0% Money transfer offer to transfer it back at 0%?

JakeMM

Yes, correct. But the money must clear before you can transfer it back (a few days), plus there’s also the slim chance that the offer will be taken away - which shouldn’t usually happen. 

Also be aware you can only usually transfer 90% (sometimes 95%) when you do a balance / money transfer.

[Deleted User]

Yes. Be aware there's a small risk they might cut your limit before you can transfer back.

maxximus75

Is there also a fee associated with doing said transfer?