Cc money transfer to pay overdraft

chrisblowers

Afternoon All


I am after some assistance. I currently have a Santander account. This goes into the overdraft every month currently and is costing me around £24 a month + £2 account fee. I am keen to try and cut out this kind of cost as it seems like throwing money away.


My wife and I have just purchased a house so I am looking at all bills. Would anyone advise using one of these credit cards with a money transfer and then wiping my overdraft with Santander and paying the card off per month during the 0% period?


I don't want to go borrowing money and getting it wrong. I know there is likely to be a fee for borrowing the money to begin with but does this make sense or am I being stupid even considering this?

fruitisbad

Instead of transferring money you could buy all your shopping, pay bills on the credit card and in theory leave your 'cash' in the account. Really though I guess you need to look at why you are going into the overdraft every month and look to reduce outgoings.