The new top Virgin* credit card balance transfer deal, 0% for 16 mths plus a 2.98% fee, has a unique property for cutting overdrafts or loan costs for new cardholders. How it works: Usually you can only shift debts from other cards, but specifically ask it to balance transfer debt from your bank account and itll pay the cash in there instead. Overdrafts: This effectively shifts the overdraft to the card, so it's now at 0% plus the fee. Loans: Use the bank account cash to pay the loan off, checking there are no penalties for doing that. Warning: Always make the min. monthly repayments & clear the debt or balance transfer again before 16 mths or the rate jumps to 16.6%APR

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Check for discount codes to use at uk.virginmoney.com