Credit Card Transfer To Current Account

What is a credit card transfer to current account and what are the credit cards that allow you to make this kind of transfer?Credit Card Transfer To Current Account

credit card transfer to current account is where a customer uses a credit card to make a money transfer from the credit card directly into their current account.

A credit card transfer to current account is effectively a balance transfer, but rather than moving the balance from one credit card to another, it allows you to transfer the money directly into your current account.

A credit card transfer to current account, made in this way allows the cardholder to take advantage of the 0% money transfer introductory rates available on some balance transfer credit cards.

The cardholder can then use the money after it has been transferred into their current account to pay off, for example, an overdraft or a loan.

Credit Card Transfer To Current Account

How do you make a credit card transfer to current account work? Well you simply need one of the credit cards that allow you to make a money transfer into your current account.

Although there are a great many 0% balance transfer credit cards currently available, only a small number of these credit cards also allow a credit card transfer to current account.

The following featured UK balance transfer credit cards do currently allow customers to make a credit card transfer to current accounts via a money transfer to a 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 39 Months
Balance Transfer Fee:
2.4%
Money Transfers:
0% for 39 Months
Money Transfer Fee:
3.8%
Purchases:
0% for 3 Months
Representative APR:
20.9% APR (variable)
More Information

Card Details

Virgin Money 39 Month Balance Transfer*
  • 0% on balance transfers for 39 months from date account opened (20.9% APR thereafter)
  • 2.4% 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 39 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 39 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 money transfer fees can be slightly more expensive when you make a money transfer into your current account, when compared to the balance transfer fees for a standard balance transfer from one credit card to another.

You will be required to make the required minimum payments each month to the credit card company but you will pay no interest on the amount transferred for the length of the introductory money transfer period.

You may often see this type of credit card transfer to current account also referred to as a super balance transfer.


Related Content From Balance Transfer Expert:-

Today Balance Transfer Expert has:-

104 UK 0% balance transfer credit cards offering:-

  • 0% balance transfers for up to 40 months with a 2.69% fee
  • 0% balance transfers for up to 33 months with a 0.57% fee
  • 0% balance transfers for up to 29 months with no fee