Overdraft on Natwest CP

daverowland

well I am one who is now being charged around £20-30's a month for overdraft payments, possibly I was on low overdraft deal for many years but I am not very good at rembering small prints, i just get confused.

So, Basically I have 1 current plus account and 1 credit card by the same bank Natwest. The account was opened in 2005. Both are easy to use with online banking, so that is one big bonus for me.

So, what do I do? I have a £1000 bill to pay and had considered putting it on the overdraft but feel I will start to pay too much in interest, a low interest rate credit card sounds a good option but worried about getting one and then later effecting a new mortgage application

Can I apply for a balance transfer/new card to move my overdraft and this £1000 bill I have to a new account or even credit card?

Currently I am £1.4K (authorised) overdrawn with a £3.4K limit
My Visa is hit at £500 with a limit of £1.3K

My Visa card should be
Purchases- Monthly Interest Rate 1.597%
Cash- Monthly Interest Rate 2.075%

My Current Plus overdraft
The current unarranged rate which applies is 2.19% per month, effective annual rate 29.6% or other rate agreed with you.

suggestions if possible, there may have been a possibility of me entering unathorised but again i dont recall, am I being charged the unathourised rate? (£1.4K with charges of £20-30 a month)

willo65

No you won't be getting unauthorised rate, the rate is on the statements for information only. I'm not too clued up on credit card deals so not much use to you on that point. Hope you find something.

londonuk2008

Spam reported.

daverowland

no one got any advise ...

is it wise to get rid of a overdraft by using a credit card? and if it is wise to do that then is there a method to do it? (without ATM cash withdrawl)