paying off debit card overdraft with a credit card

roadkillv1

to help out my other half and i, my sister in law has offered to pay off my overdraft with her credit card.

however i'm not sure the easiest way to do this. we've floated around paypal, cash advances, money transfers and all kinds of things but it's giving me a headache...does anyone know the most feasible (and cheapest) way of doing this? how do we move it from one place to the other? she isn't able to physically come with me into a bank so that is a hindrance.

grumbler

roadkillv1 wrote: »

to help out my other half and i, my sister in law has offered to pay off my overdraft with her credit card.

Is her CC 0% or offers 0% on something? Otherwise it's either far too generous or ill-thought offter.

she isn't able to physically come with me into a bank so that is a hindrance.

Even if she could, this would be the same cash advance with the fee and, possibly, a higher rate than for a purchase from the day 1.

As a side note, it's a current account overdraft, not a 'debit card' one.

YorkshireBoy

roadkillv1 wrote: »

to help out my other half and i, my sister in law has offered to pay off my overdraft with her credit card.

however i'm not sure the easiest way to do this.

Neither will anyone else be...unless you say who provides her credit card!


Or maybe she's open to getting a new credit card just for this purpose?

Ben8282

Assuming that your sister-in-law does not intend to pay full credit card interest on this debt, the only immediate solution would be a money transfer from her credit card to her current account. In order to do this she will need her credit card to have a 0% existing customer money transfer offer or else she will have to apply for a new card which offers such a facility.
The only other immediate solution would be cash advances. She makes ATM withdrawals of the maximum daily amount permitted until she has the required sum and then she gives you the cash or pays it into your bank account or transfers it into your bank account. This will cost her 3% cash withdrawal fee, full rate interest and (possibly) damage her credit rating.