Buying groceries with a credit card

polkadot

CLAPTON wrote: »

if the CC is almost at its limit and not being paid in full each month then that is probably your biggest financial issue
why is the bonus being spent on new TV if the CC isn't being cleared each month?

I have him putting in double the minimum payment each month.As for the TV-he's been after a new one for three years and has gone without a lot.Also,he's not completely on board with this paying down quicker than necessary.It's not easy keeping a man on board when you take EVERYTHING away from him,the debt was mostly incurred trying to live day to day when he was on a much smaller salary,so its very old debt.

I think I'll just stick to cash like I have been.

JasX

dantheman2010 wrote: »

We recently tried Lidl, but please note Lidl DO NOT accept credit cards. So I was quite annoyed when I had already put everything through the till and bagged it (you also pay for the bags) only to be told I would have to put it on my debit card

If it wasn;t clearly displayed thats the point I usually slide the goods back towards the cashier, mention I'll be shopping elsewhere and am away towards the door before they have a chance to try a not so witty come back

I put all my groceries on credit card paid off each month purely for the cashback (1% ongoing)

Biggles

dantheman2010 wrote: »

Tried Lidl at the weekend to see if it was cheaper, and they do not accept credit cards.

The discounters (Lidl, Aldi, probably Netto?) only accept debit cards.

But, apart from the occasional visit to those, all my groceries go on my credit card. It happens to be a cashback card, but that isn't the point. I gain 1) by paying for everything a month in arrears and 2) by not having to keep drawing cash out.

Any

If your card is at the limits then how can you put your grocery on the credit card????

If that wasn't the case using it would make sense to get the cashback (and I think that is what the man in the bank was talking about.

However if interest is being accrued then benefit of "leftovers" would be canceled out by interest accruing on higher balance...(unless you would immediately put the £60 on the card every time you shop-or even before).

polkadot

Any wrote: »

(unless you would immediately put the £60 on the card every time you shop-or even before).

This was the recommendation...to move money to the cc before shopping-but I cant see how that will serve us better.

[Deleted User]

It wouldn't - particularly if it puts your account into credit and the bank ends up cancelling your card for breach of t&cs.

Maybe the man at the bank was thinking that would happen, so he could then sell you a loan.

(This man at the bank seems to be a bit of a sneaky fella, doesn't he?)

polkadot

Deleted_User wrote: »

It wouldn't - particularly if it puts your account into credit and the bank ends up cancelling your card for breach of t&cs.

Maybe the man at the bank was thinking that would happen, so he could then sell you a loan.

(This man at the bank seems to be a bit of a sneaky fella, doesn't he?)

I thought as much-he's been caught out like this before-combining two cc's into a loan,with a "loan" for PPI (We did claim,and we did win,and it did pay down the loan).

So yes-we will carry on as we have been.

Any

Deleted_User wrote: »

It wouldn't - particularly if it puts your account into credit and the bank ends up cancelling your card for breach of t&cs.

Maybe the man at the bank was thinking that would happen, so he could then sell you a loan.

(This man at the bank seems to be a bit of a sneaky fella, doesn't he?)

How could it put the card into credit if they are near their limit on it?

And even if - sell a loan because the credit card is not only cleared but in credit? To pay off what?

Sorry, this time I don't follow your logic...

Any

polkadot wrote: »

This was the recommendation...to move money to the cc before shopping-but I cant see how that will serve us better.

Apart from gaining the cashback on the spend you mean?

Depends what the cashback % is, it might seem a lot of hassle for the amount (still trying to budget without actually seeing the money in the purse), but really the leftovers in this case would help pay down the card (though if it is a £1 at a time again the difference would not be big..).

[Deleted User]

Any wrote: »

How could it put the card into credit if they are near their limit on it?

And even if - sell a loan because the credit card is not only cleared but in credit? To pay off what?

Sorry, this time I don't follow your logic...

The 'if it goes into credit' was just a scenario.

The 'sell a loan' was tongue in cheek.

My logic is in dimmed mode today.