paying credit card with overdraft

sxi-kenny

i currently have one credit card with a balance of £1400 on it, im planning on clearing it this year

i was trying to think of ways to clear it quicker and i think ive came up with a solution, i have an overdraf of £350, which i am never in, and i currently pay £100 per month to the credit card, so what i was thinking of doing is using £250 from my overdraft to pay the credit card, thus paying £350 in one month, then in say 2-3 months time when the overdraft is cleared, use another £250 from the overdraft to pay on the credit

do yous think this is a good idea or not ?

skintchick

Depends what the APRs are - what are they?

Kevicho

have you considered transferring to another cc with a 0% interest offer?

Plenty of them around (some up to 9 months) - check out the Credit cards section of the site

That should keep you interest free