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Should I pay off my bank loan with credit card?

miss_miggins
Posts: 181 Forumite
in Credit cards
I have been working hard to pay off my debts in the past couple of years, through a combination of credit card tarting and a bank loan.
I have paid off 70% of my debts, and have been using 0% cards to great advantage, switching when need be to avoid interest.
I now owe around £2300 still on a bank loan ( at 10%).
Would I be better paying this off with a credit card?
I have paid off 70% of my debts, and have been using 0% cards to great advantage, switching when need be to avoid interest.
I now owe around £2300 still on a bank loan ( at 10%).
Would I be better paying this off with a credit card?
0
Comments
-
1. Banks don't normally accept loan payments via credit card unless its super balance transfers.
2. Even then they may not accept this
3. Are you sure you can pay off the C.C before it runs out of its 0% period?0 -
Thanks for your help
I could have the balance transferred to another card first then make a cash withdrawal.
I may not pay off in the deal period, but could always transfer the remainder to another deal.
Is that right- would I be breaking any Ts&Cs?0
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