Providing balance transfer advice online since 2002
Super Balance Transfer 2012
What is a super balance transfer and which credit cards allow you make a super balance transfer in 2012?
What is a super balance transfer?
A super balance transfer is where you use a balance transfer credit card to pay money straight into your bank account.
Making a super balance transfer in 2012 in this way, means that you can benefit from the 0% promotional rate offer available on a balance transfer credit card.
Once the funds from super balance transfer cards are in your bank account, you can then effectively use this balance transfer money to pay off any outstanding loans, or any overdraft that you may have.
A super balance transfer differs from standard balance transfers between credit cards, where the money is paid to the old credit card company to clear your outstanding balance amount.
Which credit cards allow you make a super balance transfer in 2012?
Only a select number of balance transfer credit cards allow customers to make a super balance transfer in 2012. The handling fees to make this type of balance transfer directly into your bank account are also normally higher than those for a standard balance transfer.
The following credit cards do all currently allow a super balance transfer in 2012:-
- 0% for 20 months on super balance transfers to your bank account with a 4% fee
- 0% for 20 months on standard balance transfers with a 2.99% fee
- Representative 16.8% APR variable (Representative Example)
- More Information >>
- 0% for 16 months on super balance transfers to your bank account with a 4% fee
- 0% for 16 months on standard balance transfers with a 1.99% fee
- Representative 15.8% APR variable (Representative Example)
- More Information >>
- 0% for 12 months on super balance transfers to your bank account with a 4% fee
- 0% for 12 months on standard balance transfers with a 3% fee
- Representative 16.9% APR variable (Representative Example)
- More Information >>
The MBNA Platinum card was previously also one of these super balance transfer cards in 2011, but this card has now been withdrawn and is no longer available to new applicants.
After the balance transfer directly into your bank account has cleared, you will then have to repay this balance transfer, in the normal manner by making monthly repayments to the credit card company.
If you have not totally repaid the outstanding balance transfer before the 0% promotional rate expires, you can then look to do a further standard credit card balance transfer to another credit card.
Super balance transfer credit cards may also often be referred to as a money transfer credit card.
Balance Transfer Expert has:-
- 148 UK 0% balance transfer credit cards available today
- Offering 0% on balance transfers for up to 23 months
Find A Balance Transfer Credit Card >>
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