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  • FIRST POST
    • Fairy star
    • By Fairy star 13th Oct 16, 9:09 PM
    • 1Posts
    • 0Thanks
    Fairy star
    0% credit card help
    • #1
    • 13th Oct 16, 9:09 PM
    0% credit card help 13th Oct 16 at 9:09 PM
    Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks
Page 1
    • Dobbibill
    • By Dobbibill 13th Oct 16, 9:15 PM
    • 1,710 Posts
    • 2,848 Thanks
    Dobbibill
    • #2
    • 13th Oct 16, 9:15 PM
    • #2
    • 13th Oct 16, 9:15 PM
    It depends which card you get. Some are 1% of the balance.

    You would need to see in the T&Cs how the minimum payment is calculated for your particular card.
    • zx81
    • By zx81 13th Oct 16, 9:27 PM
    • 9,350 Posts
    • 9,180 Thanks
    zx81
    • #3
    • 13th Oct 16, 9:27 PM
    • #3
    • 13th Oct 16, 9:27 PM
    The highest is probably 2.5℅ of balance, so quite a range.

    Don't forget to check the dealer's fee.
    • MallyGirl
    • By MallyGirl 14th Oct 16, 9:57 AM
    • 1,567 Posts
    • 3,768 Thanks
    MallyGirl
    • #4
    • 14th Oct 16, 9:57 AM
    • #4
    • 14th Oct 16, 9:57 AM
    they may charge you up to 3% fee to accept a credit card
    • YorkshireBoy
    • By YorkshireBoy 14th Oct 16, 10:35 AM
    • 28,317 Posts
    • 16,126 Thanks
    YorkshireBoy
    • #5
    • 14th Oct 16, 10:35 AM
    • #5
    • 14th Oct 16, 10:35 AM
    Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks
    Originally posted by Fairy star
    The basic nature of your questions would indicate you've never had a credit card before? If that's the case, a £10K limit might be a little optimistic...unless you've a very high income.
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