Cashplus interest free overdraft.....seem good?

spinningsheep

Hi, I have a cashplus Mastercard that I have the creditbuilder plan on to help my credit score, I am approx 7 months into this. They have offered me an interest free £100 overdraft facility on the card, for a 1 of setup fee of £20 (for 1 year usage) and a charge of 50p per day for the time you are overdrawn, so potentially £10 a month. Now I have no overdraft facility with my bank, Barclays, and have managed just fine without it, but some months it can get a bit tight towards payday so, the option of that buffer is quite attractive. Am I missing any hidden charges here or does it all seem ok?

jonesMUFCforever

Bettering your credit score is on thing - paying through the nose and being ripped off is another.
Tell them to shove it!

sharpy2010

Why would it cost them twenty quid to press a button to set up a very small overdraft? Tell them to get lost.

chanz4

it may help show you have credit though, is expensive though