Swapping credit limit for loan - possible?

jay_w_uk

Barclaycard have over the years increased a credit limit on one of my cards - to the point where I have around 6k available!

Is it possible to ring Barclaycard and ask them to 'swap' this for a 6k loan?

Balance transfer deals mean I wont lose out if not (6.9% for life of balance I think), but the 2.5% min. payment makes a loan more attractive.

NickX

I don't think Barclaycard will simply swap your Credit Card debt for a loan.

However, nothing stopping you taking out a loan separately and using it to pay off your Credit Card.

But I would point out that 6.9% is a good rate for Life of Balance and I doubt you will get a loan with a rate as low as this.