Quizzes & Puzzles1 min ago
Current Account Balance Transfer to Credit Card
3 Answers
Hi,
I am wanting to open a credit card with Capital One (only one I can see that has a 0% balance transfer fee at present) that I can use to pay off my partners overdraft of �1,500 so his salary is not being eaten up by his overdraft every month (graduated this summer and lives in London, so needs a break!).
Will they allow me to do this (i.e. as it is not my current account).
Thanks!
I am wanting to open a credit card with Capital One (only one I can see that has a 0% balance transfer fee at present) that I can use to pay off my partners overdraft of �1,500 so his salary is not being eaten up by his overdraft every month (graduated this summer and lives in London, so needs a break!).
Will they allow me to do this (i.e. as it is not my current account).
Thanks!
Answers
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It would be better to for him to open another bank account and have his salary paid into this 2nd account, then make a standing order every month into his 'old' account so gradually paying it off. Or better still discuss it with his bank and agree either a personal loan or to authorise the o/d and agree a schedule to reduce it without the hugh unauthorised o/d fees.
It would be better to for him to open another bank account and have his salary paid into this 2nd account, then make a standing order every month into his 'old' account so gradually paying it off. Or better still discuss it with his bank and agree either a personal loan or to authorise the o/d and agree a schedule to reduce it without the hugh unauthorised o/d fees.