📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Should I pay off my credit card with my overdraft?

2»

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Nationwide is, in fact, the opposite and one of the few exceptions - they alllocate payments against the more expensive debt first.
  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    Although everyone will have to follow suit soon enough :D
    Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48
  • dantheman2010
    dantheman2010 Posts: 697 Forumite
    Tenth Anniversary Combo Breaker
    Hi

    I have double checked through my statements and it was my error on the cash transactions.

    Anyway that aside am I better keeping it on the card?

    It says if I make the minimum payment of £58.00 my interest next month would be £32.00, as I am going to make at least £100.00 what does this do to the amount of interest I will be charged and also if its being reduced by £100 each month I take it the amount of interest to will be reduced?

    Thanks
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.6K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.6K Work, Benefits & Business
  • 599.9K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.