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You Are Here: Home > Personal Finance > Credit Cards > FAQ > Question and answer
0% Balance Transfers Credit Cards: Did you

know they can be used to pay off an overdraft
Last update : December 2011
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Most 0% balance transfer cards will only let you transfer a balance from another Credit Card.

For example, you owe £3,000 on a Natwest Card and transfer this debt to a Barclaycard which offers 0% (plus a transfer charge, usually 2.5% - 3%).

However, a few Balance Transfer Cards offer the facility where money can be transferred to wherever you want, including a bank account meaning an overdraft gets paid off.

Virgin Credit Cards normally offer this facility.

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