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Leave debt on credit card or use overdraft
skybluesaver
Posts: 294 Forumite
in Credit cards
Hi folks, i'm wondering if you can help me at all. I'm having abit of a cash shortfall this month & won't be able to pay my credit card bill off in full. Am i best only paying the minimum amount on my card at 18.9% APR or paying it off in full using my overdraft which is also 18.9% APR. I'm a little confused as i think i read somewhere that you pay interest on a credit card until you have 2 full payment months.
Hope you all have a fab Christmas. x
Hope you all have a fab Christmas. x
0
Comments
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All things being equal its better to pay the FULL amount of the CC using your overdraft.... because oherwise you pay interest from the time of purchase to the time of payment of the CC items (i.e. no interest free period).0
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Thanks Clapton.0
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