Buying on Credit Cards

spindleken

My Credit Card is virtually max’d out, I pay minimum monthly repayments and very occasionally more, so get am getting slaughtered on the monthly Interest. Is there any advantage when buying materials essential for my business which I always have the cash for, to pay that money into my Card account, then  when the Card balance has reduced, to buy the materials on the Card.
A. Would this reduce the monthly Interest.
B. Would I get an interest free period on those purchases.
TIA

[Deleted User]

You need to use a new card for new transactions, clearing those in full each month.  At the moment, you're paying interest on every transaction as you're not clearing in full each month.

However, with a maxed out card and min payments, your chances of getting a new card are low.  So pay cash for new transactions and pay down the card as hard as you can.