Can I put my overdraft on my Credit Card?

W99

I am currently at the limit on my Credit Card, i.e. £4000. However, I am also overdrawn to the limit on my overdraft, i.e. £1000.

I absolutely hate being overdrawn, and was wondering if there's any point asking the Credit Card company if they would increase my limit to £5000 and take onboard my overdraft. That way, I'd be back in the black on my Current Account.

I'm not in current employment so I doubt I'd be eligible for a loan to consolidate the two.

Thanks in advance for any advice.

YorkshireBoy

W99 wrote:

I am currently at the limit on my Credit Card, i.e. £4000. However, I am also overdrawn to the limit on my overdraft, i.e. £1000.

I absolutely hate being overdrawn, and was wondering if there's any point asking the Credit Card company if they would increase my limit to £5000 and take onboard my overdraft. That way, I'd be back in the black on my Current Account.

I'm not in current employment so I doubt I'd be eligible for a loan to consolidate the two.

Thanks in advance for any advice.

Who's the credit card with?

W99

Sorry, I should have said.

HSBC

cos_2

For short term expediency, yes. But your APR will probably be higher.

Devo

W99 wrote:

I'm not in current employment so I doubt I'd be eligible for a loan to consolidate the two.QUOTE]

The APR on your credit card will undoubtedly be higher than your overdraft. You could try temporarily increasing your overdraft as a short term fix, but the best thing to do would be get a job...any job !

Thefunkygibbons

You would be better doing it the other way round as the APR on the cc will most likely be much higher than the overdraft

I am assuming that it is an authorised overdraft