Paying for an operation

kate44

Hello im a newbie on here...and Im one of these people who really doesnt know much aboutcredit cards, having never had one. I am going to have an operation and wish to pay to go privately, would it be best to get a loan from my bank, or use a credit card?

ElkyElky

You'd best try applying for a bank loan, as interest rates are usually much lower than credit cards. But it may be difficult getting accepted for a bank loan.

Kavanne

ElkyElky wrote: »

You'd best try applying for a bank loan, as interest rates are usually much lower than credit cards. But it may be difficult getting accepted for a bank loan.

It depends how long the OP wants to take to pay off the loan. There are cards that offer up to 12 months interest free on purchases so if the OP is going to pay off in under a year a card could be cheaper.

Also, how much do you need to borrow?

moneywebsearch

It does really depend on how much your operation is going to cost you, the best way to choose your credit card is to research online using a comparison website such as compare the market .com and then approach your bank and have a chat with them and see what deals they can offer

SwissLe

I would say most operations are going to be outside the credit limit of a first time credit card user, especially ones issued by promotional companies. Your bank may offer you a card with a high limit and an opening offer based on your current account history. A bank loan for a smallish amount tends to attract a horrible rate. You would also have to confirm that the hospital/clinic accepts payments via credit card.

Most private hosptials and clinics offer finance at low rates at the current time in order to attract customers in this slow market. Have you asked about this?