Approval for any credit card depends on your status. The representative APRs shown represent the interest rate offered to most successful applicants. Depending on your personal circumstances, the APR you're offered may be higher, or you may not be offered credit at all. Fees and rates are subject to change without notice. It's always wise to check the terms of any deal before you borrow. Most of the data in Finder's comparison tables is provided by Defaqto.<\/p><\/div><\/article>
How do money transfer credit cards work?<\/h3>
Money transfer credit cards let you move money from your card directly to your bank account. The maximum amount you can transfer will usually be a percentage of your credit limit – typically 90% to 95%. The minimum is usually around \u00a3100.<\/p>
Once you\u2019ve compared lenders and found the best money transfer deal for you, submit your application and wait to receive your card. Once you\u2019re up and running, log in to your account, choose \u201cmoney transfer\u201d or \u201ctransfer money to my bank account\u201d and select the amount you want to transfer. You\u2019ll then need to provide your bank account details so your transfer can be paid. If the card provider approves the transfer, the money can be in your account within 1 to 3 working days. After the transfer is complete, you make monthly repayments to your credit card provider. <\/p>
If your card has a 0% introductory offer, you benefit from interest-free payments for a number of months as long as you make your minimum monthly repayments on time. If you don\u2019t make your minimum repayments, you could lose your promotional rate and have to pay interest much sooner.<\/p>