Any advantage to buying used car on credit card?

derrick

boots_babe wrote: »

I didn't know that paying in part (over £100) still gave exactly the same protection. We've already paid £150 deposit on the credit card, so in light of that, we are ok to just pay the rest today on the debit card.

From Martins Section 75 Refunds ;_

Q. What if I only pay the deposit on the credit card?

A. The law’s very specific, you get the protection for the whole thing even if you only pay for a part of it on the card, provided what you pay for costs more than £100 (and less than £30,000). Here’s a quick example of how it works…

Savvy Salma spots the high tech TV she’s been planning to buy at half price for £500 including delivery in a high street sale. Yet she’s only got £10 left on her card limit (don’t worry, it’s a cashback card, she’s going to pay it off in full).
Salma pays £10 of the cost on her credit card and the rest on her debit card. Sadly the next day the store goes bust, before her telly is delivered. Yet she can claim the WHOLE £500 back from the credit card company, because she paid in part on the card.

Therefore if you want protection…

As long as it costs more than £100, pay for even a fraction on a credit card and you’re protected.

Thomas99

dupe.............

Thomas99

derrick wrote: »

From Martins Section 75 Refunds ;_

Q. What if I only pay the deposit on the credit card?

A. The law’s very specific, you get the protection for the whole thing even if you only pay for a part of it on the card, provided what you pay for costs more than £100 (and less than £30,000). Here’s a quick example of how it works…

Savvy Salma spots the high tech TV she’s been planning to buy at half price for £500 including delivery in a high street sale. Yet she’s only got £10 left on her card limit (don’t worry, it’s a cashback card, she’s going to pay it off in full).
Salma pays £10 of the cost on her credit card and the rest on her debit card. Sadly the next day the store goes bust, before her telly is delivered. Yet she can claim the WHOLE £500 back from the credit card company, because she paid in part on the card.

Therefore if you want protection…

As long as it costs more than £100, pay for even a fraction on a credit card and you’re protected.

This is a good idea, incase those @ssholes at Motorpoint go broke...but don't you have to pay min. £100??? thanks :beer:

Thomas99

dupe..............

derrick

Thomas99 wrote: »

This is a good idea, incase those @ssholes at Motorpoint go broke...but don't you have to pay min. £100??? thanks :beer:

No, any amount can be paid for on CC, as long as the cost of the goods/service is between £100-30000.

See my post above #12 where I have quoted from and provide the link to Martins MSE page, there is an example there of something costing £500. and only £10 being paid on the CC.