A quick question about off a credit card

dtataylor1990

Is it better the pay 2000 pounds on to a credit card then use it for 1000 worth of bills everyone month to work the balance down, or is it better to keep 1000 in your current account and only put 1000 on the credit card and not use it at all.

Edit:
Sorry for being unclear, if you owe 5000 on a credit card and are working in down to 0, from an interest point of view is it better to pay a larger sum use the card again to pay bills, or paying a smaller sum( the larger sum minus the bills) and not using the card at all

[Deleted User]

If you can clear the £1000 in full the following month, then the first option will be mean you pay less interest.

MallyGirl

you can't pay money on to a credit card.

not sure what you are trying to do

EarthBoy

I can't see any point in putting money onto your credit card to pay your bills. Anyway, it's against the terms of most credit cards to intentionally put them into credit. Also, it depends what your bills are, -you might not be able to pay them by credit card.

A good idea it to put the money into an interest paying current account and pay the bills from that. TSB Classic Plus account pays 5% interest on balances up to £20000.

CLAPTON

the post is unclear and makes no sense: if you want an answer you need to be much clearer.

dtataylor1990

Sorry for being unclear, if you owe 5000 on a credit card and are working in down to 0, from an interest point of view is it better to pay a larger sum use the card again to pay bills, or paying a smaller sum( the larger sum minus the bills) and not using the card at all

tripled

It depends on the time difference between when you pay the card and when you spend the money on bills. If you pay the card and then spend it straight away, it'll make little or no difference. If you pay the card and then don't spend for two or three weeks, then you'll save some interest in the interim. Only a few pounds, but every little helps