which to use - credit card or overdraft?

Ceri_2

There is no doubt about it, I need 2 new tyres for my car, just how to pay for them, credit card or overdraft?

June is a 5 week month so I will get an extra weeks pay (technically) so I will be able to clear the tyres payment soon, I just think I need them sooner than June.

Ceri

nomoneytoday

There may be cheaper tyres available at https://www.mytyres.net and https://www.blackcircles.com (no connection to either apart from being a customer)

Doesn't answer you original question, but may save a few quid.

JollyNolly

Doesn't it rather depend on the interest you are charged on your card or your overdraft? I have an LTSB account that charges 19.6%, and a Halifax card that charges 0% (for the time being). I bought a pair of tyres at the weekend - no prizes for guessing how I paid.

Ceri_2

nomoneytoday wrote:

There may be cheaper tyres available at https://www.mytyres.net and https://www.blackcircles.com (no connection to either apart from being a customer)

Doesn't answer you original question, but may save a few quid.

Thanks I will take a look at those. I've yet worked out where I am getting tyres.

Ceri_2

JollyNolly wrote:

Doesn't it rather depend on the interest you are charged on your card or your overdraft? I have an LTSB account that charges 19.6%, and a Halifax card that charges 0% (for the time being). I bought a pair of tyres at the weekend - no prizes for guessing how I paid.

My overdraft is currently 0% apr, but that is cos I pay £10 a month for the priviledge (still in the first 90 days of that & intend to cancel, I kinda felt pressured into it when I was asking about loans)

My cards are around the 15% mark. Overdraft when no paying for the priviledge is around 3%. I know overdraft is the better option, but I am NEVER now in my overdraft & I really really don't want to be which is why I was asking for advice.

JollyNolly

No quite sure I understand how this works - you pay £10 a month so you can have a free overdraft?? However, if your overdraft is charging less than your cards, then what's the problem? Unless you enjoy paying interest to your cc company?

Ceri_2

i know, I got pressurised into it!!! I intend cancelling, I still have 60 days to cancel & get my money back.

nelly_2

er £10 a month thats £120 a year.

or two new tyres and a night out

Simple init?

southernscouser

I'm quite fussy where I take my car. Hate local garages coz they just tend to screw it up. I prefer to use Kwik Fit but they are more expensive. Anyway I needed 4 new tyres and they were £100 a piece, plus balancing and tracking! :eek:

Anyway I phoned around and could get the tyres for £55 balanced from the local garages. Phoned Kwik Fit and they price matched. Only had to pay the tracking on top of that!

The morla of this story? Shop around!

Ceri_2

nelly wrote:

er £10 a month thats £120 a year.

or two new tyres and a night out

Simple init?

I know, which is why I already said I am going to cancel

Ceri_2

southernscouser wrote:

I'm quite fussy where I take my car. Hate local garages coz they just tend to screw it up. I prefer to use Kwik Fit but they are more expensive. Anyway I needed 4 new tyres and they were £100 a piece, plus balancing and tracking! :eek:

Anyway I phoned around and could get the tyres for £55 balanced from the local garages. Phoned Kwik Fit and they price matched. Only had to pay the tracking on top of that!

The morla of this story? Shop around!

I'm gonna try ATS euromaster, they are on the same road that I work on, so I can leave the car there while I work & collect it later in the day (no boss in so I can nip down for it). But if they are really expensive I will hold off & try elsewhere