Buying a car thinking about using 0% credit card to pay for it but which one.

minority

Hi,

I have bought a new car (be delivered some time in DEC) and was thinking instead of using my savigs I pay for it on a credit card and pay it off over a period of time.

But which card to choose from I was thinking a sainsburys one as I have nectar card points but can't determine whether I would make any on the purchase as the sainsbury credit card says 12 months 0% but not whether I make nectar points off of it.

I currently have about £1500 on my amazon card which I am clearing today (booked a holiday on it) and going to cancel this.

I only need a limit of £3000 give or take which my amazon card it over anyway.

I am interested in 0% purchase over x period cashback or the likes would be a nice feature. I saw the amex card but not sure if they would take that.

mrs_T

I used the tesco clubcard credit card to pay for a £5k car in feb and I've stoozed the money in an ISA as there is no interest to pay until march 2011, just the 3% minimum repayment per month. The garage charged me £72 for using a cc which I didn't think was too bad. So 0% on purchases over 13 months with clubcard points.

http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/index.jsp

minority

Think that what I am going to do didn't think about them charging me a fee to use my card.

Think I still go down the road of using a credit card don't like thought of using my saving rather pay it over a period on 0%.

geoffky

I thought a lot of garages do not allow credit cards when paying ???

CannyJock

geoffky wrote: »

I thought a lot of garages do not allow credit cards when paying ???

Not many will take a card payment without passing on the merchant fee from what I read most of the time - not come across any that will point blank refuse to take a card payment.

mrs_T

geoffky wrote: »

I thought a lot of garages do not allow credit cards when paying ???

I've used 0% cards to buy 2 cars in the last five years, as it says above the fee is passed on but it's a lot less than paying interest on finance. These were both main dealerships though so maybe a smaller garage might say no.

Zannie

I tried to do this last year but the merchant would have charged me 4% and the deal was only for a year so no point so got a personal loan instead. However some cards are offering cash into your account which would work

Emms

I bought my car on my credit card this year. They wanted to charge a fee as it was more than 2k but I just asked them to put it through in 3 transactions of 2k each and they did it no problems and no fee