​Well you transfer money into your bank
account, and then go to bank and draw out the cash... soooo.

Better off getting a standard balance transfer card (e.g https://www.moneysupermarket.com/credit-cards/details/?productCode=CC_BCARD_PLAT_WITH_BT&index=1&count=70&gid=CC_BALTRANSFERV2&page=1&transferAmount=3200&monthlyPayment=100 ) and then transferring whatever balance you want to another card you don't owe anything on. Then speak to that card company and have them transfer your credit balance to your current account (as you can't be in credit on a credit card)

Always works and get much better fees. Above link is 0.63% rather than the 1.69% of this deal. An extra 5 mins work but worth it if you are after the best possible deal.

Remember not to apply with virgin money if you've already applied in the past six months.... automatic decline and footprint registered on credit file. Virgin only allow you one application every six months.

You can't get cash with this. The title is misleading.

No fee to transfer this money to a normal account?

Am I right in thinking you could use this to overpay mortgage then repay this meaning less interest?

Better off getting a standard balance transfer card (e.g https://www.moneysupermarket.com/credit-cards/details/?productCode=CC_BCARD_PLAT_WITH_BT&index=1&count=70&gid=CC_BALTRANSFERV2&page=1&transferAmount=3200&monthlyPayment=100 ) and then transferring whatever balance you want to another card you don't owe anything on. Then speak to that card company and have them transfer your credit balance to your current account (as you can't be in credit on a credit card)

Always works and get much better fees. Above link is 0.63% rather than the 1.69% of this deal. An extra 5 mins work but worth it if you are after the best possible deal.

good points raised here thanks helpful

I think you'll find the total cost to borrow £1,000 is £1,016.90 not just £16.90 as you've put. You do have to pay the principle back as well you know.

What would be the timescale from application to money hitting your bank?

Remember not to apply with virgin money if you've already applied in the past six months.... automatic decline and footprint registered on credit file. Virgin only allow you one application every six months.

I don't get it, £10k for £169 a month for 32 months means ul only pay back around £5400. What about the rest?

If you already have a virgin card can you apply for another?

is it new card holders? About to buy a new car and was thinking of a money transfer card for this very reason.

Is this to transfer an existing debt on current card to a new card with a lower rate of interest? I want to buy a conservatory, if I pay the balance on my existing card and then transfer, I pay the low rate over 32 months. What if Barclays will not allow me the limit required?

I did this the first time around, I think it took about 2 weeks but did have to send proof of I.D/address which was a bank statement/copy of driving licence. I asked for £10,000 received £6900 credit but £6550 cash transferred to my account. The loan cost me £110 to get for 32 months. The idea was to pay off my car but the interest is so low it wasn't worth it. So I have put it in a few high interest bank accounts to make money instead. By January (this started in August) I would have made the £110 in interest it cost me to take out the loan but the banks have cut some of the interest rates on these accounts so that will now take longer if you tried it from the new year but the loan will be making me money from January and I have £6550 sat in the bank just in case. Be aware you do pay back 1% a month so my monthly payments are £65. Definitely worth doing in my opinion even if it is just to have it there if you need it (as long as you have restraint)

You can do as you suggest but my example was a way to get the funds to take as cash/in your bank account.
E.g.

Apply for the card I card I linked.

Do a balance transfer from the new card you applied for whatever amount you want to an old card you have that you don't owe anything on.

Then the old card will now be in credit by whatever you transferred. Call that card provider and say you have accidentally put it in credit and ask them to transfer you back the money to your current account. They'll happily do it as they shouldn't have credit balances.

You end up with that money sat in your bank account that cost a much lower fee than any of the transfer to bank cards.

you can only transfer 90%of your available balance over

Completely agree with this. I have done this many times.

Great for anyone trying to clear debt. Rubbish for people who can't manage their personal finances and will just end up in more serious debt. Not one for me.

Did exactly this several months ago - got the card within a week and transfer was activated before I received the card this is far easier and quicker than transferring balances and you have complete control of payments as they are taken from your bank.

"0% for 32 months on money transfers made in the first 60 days of account opening (3.50% fee)"

Sorry I only have 1 credit card so I don't know much about handling fees, can someone please explain the 3.50% fee?

is this for new applicants only?

Can you do a balance transfer from the new card to the old with Barclays online banking?

Please excuse my ignorance but have never had a credit card before. I need to pay off my kitchen finance (£8.5k) in next 3 months before it puts me on a high interest rate. If I take out £8.5k on the credit card is there a minimum repayment per month? I'm due to get a vat refund soon which would pay it off so presumably I could clear the balance at any point when that comes in?
Thanks

You have to pay 1% back a month minimum payment

On Barclaycard online or through the barclays app I would say yes.

I think this is why we have so many people in trouble with debt - they try to forget about the capital, just as you have .... the capital repayment is part of the cost of borrowing and should always be thought of as such

​I set up a DD debit to the credit card so that in three years time it's all paid off.

Got the confirmation email yesterday and said I'll get a follow up email with details. haven't heard anything yet though, how long did you guys wait for second email to come through?

I dnt understand bank money can somebody explanation plz it's me I av to pay only £16 for 32 months if I borrow 1000 right?

Sorry but you're incorrect. The capital isn't a cost.....

1) ''When companies borrow funds from outside lenders, the interest paid on these funds is called the cost of debt''

2) ''The main thing to consider before borrowing money is how much it will cost for you to pay it back. The true cost is the amount you are charged on top of the capital amount of the loan; such as the interest rate and additional fees. This will differ depending on your type of credit: Credit card, bank, a short term loan, family or friends''

They wouldn't do it for me I transferred the money and they would only put it back onto the original credit card which is the Barclay Card . Don't try this way "

Hi, to those who are waiting on confirmation. They currently have a huge back log. I applied 21st November and only just got a response and acceptance email.

Now went up to-1.99% fee