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Best way to pay off UK credit card?

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  • 27-10-2009 8:25pm
    #1
    Faith
    Moderators, Society & Culture Moderators Posts: 30,657 Mod ✭✭✭✭


    I've moved back to Ireland, but still need to pay off some money from my UK credit card. I'm not earning much, so I can't afford to pay much each month. Currently, I'm transferring about €50 a month from BOI to RBS - and being hit with a £10 charge each time by RBS. Between the jigs and the reels, I'm only actually paying off about £30 a month max. Is there a more cost-efficient way to pay it off? I can't pay it off in a branch in a Republic of Ireland bank, can I?


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    #2
    Owen
    Registered Users Posts: 12,683 ✭✭✭✭Owen


    The best thing to do would be to transfer the balance to an Irish card, you'll get a 6 month interest freeze on the amount too.


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    #3
    Faith
    Moderators, Society & Culture Moderators Posts: 30,657 Mod ✭✭✭✭Faith


    PaintDoctor wrote: »
    The best thing to do would be to transfer the balance to an Irish card, you'll get a 6 month interest freeze on the amount too.

    The Irish card I have is with Ulster Bank, and when I was getting it, it said I couldn't do a balance transfer from another bank under the RBS umbrella.


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    #4
    L1011
    Registered Users Posts: 68,779 ✭✭✭✭L1011


    You may be able to get another card with another bank and transfer the balance to it, then make absolutely sure not to use said card for purchases; or get another to use as normal and transfer the RBS and any UB balance to it.


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    #5
    BuffyBot
    Registered Users Posts: 24,924 ✭✭✭✭BuffyBot


    You can't do a "balance transfer" from a card outside of the country, unfortunately. I can't think of many/any providers who I've come across offering this.

    As for more efficient way of doing this - there isn't one, unfortunately.


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    #6
    GAAman
    Registered Users Posts: 3,370 ✭✭✭GAAman


    Hi Faith, there are two options.

    Do you have ulster banks anytime service? If you can lodge money directly into your bank account you can make a payment on your card online

    Second one is a bit more complicated but will get the job done, pm me for the info :)


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    #7
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    Unless you fancied a trip up the North every month, there's no real cost effective way TBH.

    Or you could try and save a bit extra and put a lump sum into your a/c thus minimising the charges.

    TBH a small Euro loan would sort it out once and for all.


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