We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
What to do? Student Overdraft coming to an end
adiwood
Posts: 211 Forumite
in Credit cards
My Interest Free Overdraft limit is coming to an end on the 19th July but I am still £900 in my overdraft and dont get paid till the end of the month.
After the 19th the I will be charged 18.8% EAR but am getting a bonus with my end of money pay, so wont need to go back into my overdraft ever again after this month.
How much will i be charged in interest? Is it worth trying to transfer it to a credit card or just leave it?
Thanks.
After the 19th the I will be charged 18.8% EAR but am getting a bonus with my end of money pay, so wont need to go back into my overdraft ever again after this month.
How much will i be charged in interest? Is it worth trying to transfer it to a credit card or just leave it?
Thanks.
£4000 in 2011 - £48.88/£4000
0
Comments
-
for a full month it will cost you 900 x 18.8% /12 = £14.10
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 348.6K Banking & Borrowing
- 252.2K Reduce Debt & Boost Income
- 452.5K Spending & Discounts
- 241.3K Work, Benefits & Business
- 617.8K Mortgages, Homes & Bills
- 175.8K Life & Family
- 254.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 15.1K Coronavirus Support Boards