Credit card cheques

flor62

I'm needing to pay off a booked holiday early in December - what is the best way to do this: Should I use a Credit card cheque, cost £12 per cheque, so that I avoid paying the Travel Company 2% for using my Visa Card - on a £4k trip 2% is worth saving! If I use the Credit Cheque I could then transfer to a 0% balance transfer card offer or should I take out a new card with a 3 month new purchase deal? Or something else?? I'm looking to get the debt all repaid by the summer... July? maybe sooner.
thx

grumbler

flor62 wrote:

... Should I use a Credit card cheque, cost £12 per cheque, so that I avoid paying the Travel Company 2% for using my Visa Card

What card do you have? Are you sure about £12? Also cheque transactions usually attract higher interest rate from the date of transaction - check your T&C.

If I use the Credit Cheque I could then transfer to a 0% balance transfer card offer

You can do this for any balance - resulting from either a purchase or a cheque transaction

or should I take out a new card with a 3 month new purchase deal? Or something else??

Why 3 months? 6 and even 9 months deals are available: http://www.stoozing.com/0fees.htm

I'm looking to get the debt all repaid by the summer... July? maybe sooner.

:rolleyes: Many regulars of Debt-Free Wannabe board (:eek: ) started with expensive holiday ...

jonesMUFCforever

One thing to remember when using a credit card cheque (THIS IS VERY IMPORTANT!) is that you do not get any protection under the Consumer Credit Act!
Even though it is a transaction that will appear on your credit card statement, because it is a cheque, it is deemed not to be atransaction covered by the act.
A lot will depend on who you are booked through and who the travel company is but if there is any doubt about either company's financial status then for me paying the surcharge would be a small price for peace of mind.