Balance Transfer To Debit Card

Can you do a balance transfer to debit card and which 0% balance transfer credit cards allow you to make a balance transfer to debit card?

Balance Transfer To Debit CardCurrently, you can not make a direct balance transfer to debit card. However, what you can do is make a 0% money transfer from your credit card direct to the bank account that the debit card is linked to.

This balance transfer to your bank account transfers the money from the credit card company into your bank account, so making the money available to spend with your debit card.

Once the 0% money transfer is in your bank account, you can then use this money to make a purchase with your debit card. This could be, for example, where perhaps the merchant does not accept a credit card payment, but does accept a debit card payment.

Alternatively you can use this 0% money transfer to pay off any outstanding loans or overdrafts you have. This balance transfer to debit card, using a money transfer to your bank account, effectively allows the customer to pay off any existing debts that have a higher interest rate.

The balance transfer to debit card, using a 0% money transfer to your bank account, will allow the customer to pay 0% interest for the length of the introductory money transfer offer available on the credit card.

Balance Transfer To Debit Card – Via Bank Account

There are around  120 UK 0% balance transfer credit cards currently available, but only a very small number of these cards will allow you to do a balance transfer to debit card using  a 0% money transfer to your bank account.

The following featured UK credit cards do allow you to make a balance transfer to debit card, with a 0% money transfer to your bank account.

Card Offers

Balance Transfers:
0% interest for 40 Months
Balance Transfer Fee:
2.69%
Money Transfers:
0% interest for 40 Months
Money Transfer Fee:
3.94%
Purchases:
0% interest for 3 Months
Representative APR:
18.9% APR (variable)
More Information

Card Details

Tesco Clubcard Credit Card for Balance Transfers*
  • 0% interest for up to 40 Months on balance transfers from account opening
  • 2.69% balance transfer fee
  • 0% interest for up to 40 Months on money transfers from account opening
  • 3.94% money transfer fee
  • 0% interest for 3 Months on purchases from account opening
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • The 0% offer is applied to any balances or money transferred within the first 90 days of opening your account
  • Apply online and get a decision within 60 seconds
  • Annual Fee: None
More Information

Application Criteria

Tesco Clubcard Credit Card for Balance Transfers*
  • You have an annual income of at least £5,000
  • You are at least 18 years of age
  • You have a good credit history
  • You live in the UK, or have a British Forces Post Office address
  • You don't currently hold more than 1 Tesco Bank Credit Card
  • You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)
The APR, length of promotional offer, and credit limit may vary as they are dependent on your personal circumstances

Card Offers

Balance Transfers:
0% for 41 Months
Balance Transfer Fee:
3%
Money Transfers:
0% for 41 Months
Money Transfer Fee:
3.8%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Card Details

Virgin Money 41 Month Balance Transfer*
  • 0% on balance transfers for 41 months from date account opened (20.9% APR thereafter)
  • 3% balance transfer fee in first 60 days, 5% fee applies after 60 days
  • 0% on purchases for 3 months from the date your account is opened
  • 0% on money transfers for 41 months from date account opened (20.9% APR thereafter)
  • 3.80% money transfer fee in first 60 days , 5% fee applies after 60 days
  • Contactless payments to quickly and securely pay for purchases up to £30
  • Annual Fee: None
More Information

Application Criteria

Virgin Money 41 Month Balance Transfer*
  • You are a UK resident
  • You have a bank or building society account
  • You have a good credit history
  • You are aged 18 or over
More Information
Representative Example: 20.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 20.9% p.a. (variable)
Credit limits will vary based on your individual circumstances

Card Offers

Balance Transfers:
0% interest for 24 Months
Balance Transfer Fee:
0%
Money Transfers:
0% interest for 12 Months
Money Transfer Fee:
3.94%
Purchases:
No offer
Representative APR:
18.9% APR (variable)
More Information

Card Details

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • 0% interest for up to 24 Months on balance transfers made within the first 90 days of opening your account
  • No balance transfer fee
  • 0% interest for 12 Months on money transfers from account opening
  • 3.94% money transfer fee
  • No introductory offer on purchases
  • Earn Clubcard points wherever you use your card, plus your usual points in Tesco. Terms apply
  • Apply online and get a decision within 60 seconds
  • Online Account Management
  • Annual Fee: None
More Information

Application Criteria

Tesco Clubcard Credit Card with No Balance Transfer Fee*
  • You have an annual income of at least £5,000
  • You are at least 18 years of age
  • You have a good credit history
  • You live in the UK, or have a British Forces Post Office address
  • You don't currently hold more than 1 Tesco Bank Credit Card
  • You have not applied for a Tesco Bank Credit Card in the last month or have an application currently in progress
More Information
Representative Example: 18.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 18.9% p.a. (variable)

As can be seen above, the handling fee to make a money transfer to  your bank account is higher than the balance transfer fee for a standard credit card to credit card balance transfer.

The customer will naturally, still have to repay the money transfer in the normal manner by making at least the minimum monthly repayment to the credit card company.

Credit cards which allow a balance transfer to debit card are also often known as cash transfer credit cards.


Related Content From Balance Transfer Expert:-

Today Balance Transfer Expert has:-

114 UK 0% balance transfer credit cards offering:-

  • 0% balance transfers for up to 41 months with a 2.59% fee
  • 0% balance transfers for up to 33 months with a 0.59% fee
  • 0% balance transfers for up to 29 months with no fee