Halifax credit card to pay off overdraft

ali137

Hi

I have currently got a halifax one credit card with 0% interst on purchases. Can someone tell me it is possible to pay off my overdraft with this card??

I am currently paying interest with my overdraft and the bank is saying i have to pay money each month.

Help

NickX

No unfortunately Halifax won't allow you to Balance Transfer an overdraft.

To do this you need a card with SBT (Super Balance Transfer) facility. These include Egg, Egg Money, any card administered by MBNA (including the Virgin range of cards) and the Post Office Credit Card.

In addition MINT periodically issue Credit Card Cheques that can be paid into a Bank Account at Balance Transfer rates. However, this is the least satisfactory option because the cheques cannot be requested and you never know when they will drop through the letterbox.

Ben1982

And the 0% is on purchases not Balance Transfers. What you could do is put all your spending on the 0%, and use the extra that you get out of only paying the minimum, to get your overdraft reduced quicker. Just make sure you can clear the halifax card before the 0% expires.

ali137

Thanks for the quick reply:j