What is better to clear first, 0% interest over draft, or 0% credit card?
The answer depends entirely upon the remaining 0% period, and the normal interest rates for both overdraft and credit card. Therefore, pay off whichever one has the shortest 0% period remaining, and incurs the highest interest, once this period has expired. Generally, it will be the credit card that carries the higher penalty out of the two. I hope that this helps.
They are both 0% so it doesn’t matter. If you were paying interest then you would need to pay off the one with the highest interest rate first. The credit card will probably charge you a penalty if you don’t make the minimum payment each month though, so you need to make sure that there is at least some money going towards it even if you don’t pay the whole thing off.
