What is a balance transfer to current account and which UK 0% balance transfer credit cards will allow a customer to make a balance transfer to current account in 2018.
A balance transfer to current account, transfers your chosen balance transfer amount directly from the credit card company into your bank current account using a money transfer. This is an alternative way to make a 0% balance transfer, rather than the normal balance transfer which transfers the funds directly to another credit card company.
With a balance transfer to current account, once the 0% money transfer is in your current account, you can then choose to use this balance transfer into current account to pay off any outstanding debt such as outstanding loans or an overdraft.
The 0% balance transfer to current account process allows you to effectively pay off a loan or an overdraft, where you are paying higher interest rates, with a balance transfer on which you are paying 0% interest for the length of the credit cards introductory balance transfer offer.
Balance Transfer To Current Account
Many of the 90 or so, UK balance transfer credit cards currently available will not allow you to do a balance transfer to current account via a money transfer.
The following featured UK credit cards do however allow a balance transfer to current account via a 0% money transfer to your bank account.
You will of course have to repay the 0% money transfer made to your current account in the normal way by making monthly repayments to the credit card company.
As with any balance transfer it is very important to ensure that you meet all of the balance transfer terms and conditions for your credit card to avoid losing your promotional balance transfer offer.
It is also vitally important that you only do a balance transfer to a current account in the approved balance transfer manner. Make sure that you do not under any circumstances confuse a balance transfer or cash advance. Using your credit card to withdraw cash from a cash machine will always attract very high interest rate charges.
A balance transfer to current account is often referred to as a “super balance transfer“.