Virgin credit card BT

ali137

Hi

I have an overdraft of £750 with HSBC bank and was wounding if i could transfer the money to a Virgin credit card 15 month 0% BT. If it is allowed what is the fee you have to pay?

If this was allowed, would i also be able to transfer money from another credit card aswell???

Moggles_2

ali137 wrote: »

I have an overdraft of £750 with HSBC bank and was wondering if I could transfer the money to a Virgin credit card 15 month 0% BT. If it is allowed what is the fee you have to pay?

Yes. Virgin allows customers to transfer an overdraft to the card, (in other words, transfer cash from the credit card to a current account). New customers get 0% for 15 months. A 2.98% BT fee applies.

ali137

Moggles wrote: »

Yes. Virgin allows customers to transfer an overdraft to the card, (in other words, transfer cash from the credit card to a current account). New customers get 0% for 15 months. A 2.98% BT fee applies.

Can i transfer 3 separate balances from 2 cards and a bank overdraft, or is it just one Balance Transfer you can do???

Moggles_2

You can request as many BTs as you like, provided that you don't exceed 95% of your
credit limit.

The_Guv

I've just succeeded in getting the 0% Virgin deal thanks to the weekly email and am transferring balances from 2 other cards without a problem.

Am self employed so wondered how easy it would be to get the deal but the only problem I had was when I said I did not want to purchase their "identity theft protection" . I had to say no 3 times and found the sales patter a bit heavy handed especially being asked "why I didn't want it" and what I already did to protect my identity............... yeh like the common sense things I reeled off seemed to do the trick.

All in all it seems a very good deal.

DestroyingAngel_2

Moggles wrote: »

You can request as many BTs as you like, provided that you don't exceed 95% of your
credit limit.

Although technically that's correct, in practical terms it's 95% of your AVAILABLE CREDIT. So, for example if you already have a balance of £100 on a card with a £1000 credit limit, you can only transfer 95% of what's available to spend i.e 95% of £900 and not 95% of £1000.