11 Nov 2015

A question about : Paying off loan with 0% credit card

Hi,

I have a loan with Natwest which I would like to clear sooner. Is there a way of paying off this loan with the new Barclaycard 0% card?
I also have an M&S and Debenhams credit card if these could some how be used to pay the loan and then do a balance transfer from those.

Thanks

Best answers:

  • Loan companies/banks do not usually accept credit cards to pay off loans, as they have to pay out a fee to the CC company.
  • https://www.moneysavingexpert.com/cre...804.1422210277
    See 'Money Transfers' and 'Cheap Credit Card Loans'
  • You may be able to do a low rate money transfer with Barclary card, you won't be able to do a 0% interest balance transfer to clear the loan.
    Whats the interest rate of the loan?
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