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!
Credit card newbie - advice needed please!
Refund_Queen
Posts: 186 Forumite
in Credit cards
Hi,
I'm looking for some advice as I have an overdraft that I want to put onto a credit card so that I can pay it off within a certain time limit - i cant seem to clear it when its in my bank account, and feel if I put it onto a separate card i can pay it off better that way. Can I do this? Is this classed as a balance transfer? Sorry to sound thick but its all a bit of a minefield and I want to get this right!!
I would like one that is obviously 0% interest and think I can afford to pay it off in 6-8 months. So does anyone have an idea what I should go for? Credit history is very good btw.
Thanks
I'm looking for some advice as I have an overdraft that I want to put onto a credit card so that I can pay it off within a certain time limit - i cant seem to clear it when its in my bank account, and feel if I put it onto a separate card i can pay it off better that way. Can I do this? Is this classed as a balance transfer? Sorry to sound thick but its all a bit of a minefield and I want to get this right!!
I would like one that is obviously 0% interest and think I can afford to pay it off in 6-8 months. So does anyone have an idea what I should go for? Credit history is very good btw.
Thanks
0
Comments
-
Only a few rather special credit cards have this capability.
A card issued by MBNA (e.g. Alliance & Leicester, MBNA itself, Sony, Virgin) Egg Visa or the Post Office card, will allow you to transfer an overdraft, in other words, transfer cash from the credit card to your current account.
Alternatively, you could use Egg Money (not to be confused with Egg Visa) in conjunction with any 0% balance transfer card.
Mint periodically issues credit card cheques, which can be paid directly into your current accountPeople who don't know their rights, don't actually have those rights.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.1K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards