My brain's fried - what should I do ?

Kev64

I can't work out if this is worth it, or even wise, considering the 'egg letter' thing (I haven't received one - yet).

I've just had an 'anniversary offer' letter from Egg, offering 0% until 1st July 2008. I have £2,500 on the card at the mo, with an insane £12.5K limit. I have a £3,000 overdraft that I'm paying 19.3% APR on. All my other debt is on 0% or low life of balance cards.

1) Is there any way I can get my £3K overdraft onto my Egg card ?
2) I know I can shift the existing £2,500 Egg debt elsewhere to clear the balance then BT it back to get the full 0% deal, hopefully with the £3K overdraft bolted on too, but would it be worth it for just 5 months at 0%, especially when you take the fees into account ?
3) Fees.... I know Egg want 2.5% of anything I BT onto it, but what about other cards ? Would they want a fee to take the £2,500 off the Egg card in the first place, and again at the end of the Egg offer ? ...or do fees only apply to 0% deals ?

My brain is too small to work this out :-)

Kev64

64 views and nobody has an opinion ??

Mozette

Not sure about the 'worth it' bit, but yes, no problem transferring your overdraft to egg.
If they've offered you a rate and you take it, you will still be able to pay it off as you would even if you get 'the letter'.

Kev64

So how do I go about transferring a current account overdraft as a balance transfer ? They want card details usually ?

YorkshireBoy

Kev64 wrote: »

So how do I go about transferring a current account overdraft as a balance transfer ?

You can consult your T&C's...section 9.3

You can consult the Egg FAQ

You can call Egg, who will go through it with you.

Kev64

Thanks YorkshireBoy, that's very informative and just what I needed ! Much appreciated.