Pay off credit card in instalments or loan

[socks1107]

I have a credit card with not a huge amount on it, £1200. I've been offered a loan with a slightly higher interest rate to pay it off and can do that today.
I'm really torn whether to take the loan or discipline myself to paying off the credit card. Worked hard on my debt and this is the last little bit I need to clear and I'd like it gone by next year which is achievable.

I am struggling to work out which would cost me more long term?

If the interest rate is higher in the loan then surely that will cost you more. Can you set up a regular payment for your credit card so that it feels like you’re paying loan instalments?

Stick with paying off the credit card - don't take on debt to pay debt when it's a higher interest rate.

Thank you both!
Yes I'll set up a direct debit for it. I knew I'd have this debt this year so I'm not worried as it were but would like it gone!

If the interest rate is higher whats the point, you'd be paying more and maybe potentially run up more debt because the credit cards available again. Im not saying you would, I don't know you, but for some people having that credit available would mean they'd start using it again. Id keep working on the debt where it is.

Can you transfer the credit card to a 0% balance transfer offer?

Doesn't matter if it's transferred before or you've been refused in the past. Always worth a shot.