Having a credit card to insure purchases

eddie_c_2

I'm looking to possibly get my first credit card to buy goods and to book flights/holidays with, for the insurance factor and nothing else.

I don't want 'credit' as I won't be buying anything I don't have the cash for.

Is a credit card the best way for me to go? Any suggestions/ones to avoid, I currently bank with Barclays.

Cheers

_Andy_

You mention booking flights - are you intending to travel with a particular airline?

eddie_c_2

No, anything we book will be with whichever airline is cheapest!

King_Of_Fools

A lot of people use credit cards to pay for things that they can afford and not borrow money. I do and I use it for all my every day shopping so I do not need to carry much cash around with me as well as all online purchases.

Using a credit card like this is a perfectly sensible thing to do and can actually save you money (if you get a cashback or similar credit card). You just pay off your bill in full every month and you never pay any interest.

The protection you get from using a credit card for purchases is then just a free bonus.

TrickyDicky

There is no insurance buying things with a credit card.
With a credit card, any purcharse over £100 has liability from the credit card company as well as the merchant. So if the merchant went bust you failed to deliver, you chase it up with the credit card company.

You have the same rights with debit card/cash, but you have to persue the merchant. If they went bust, you would become one of a long line of creditors of the merchant. When its a credit card, the credit card company shoulders this burden instead.

Inactive

eddie_c wrote: »

Is a credit card the best way for me to go? Any suggestions/ones to avoid, I currently bank with Barclays.

Cheers

Avoid BarclayCard, there are numerous posts on here displaying their incompetence and poor systems in dealing with card fraud.