Need help understanding credit cards

MrsS2be

Hi
Myself and my partner have never had credit cards but have good jobs, cars bought on credit without any problems and a mortgage. We have never missed payments so I assume our credit score must be ok.

We have booked our honeymoon which needs to be paid off soon and the outstanding balance is just under £2500. We are asking for money towards this instead of wedding presents so are hoping that some of our family will contribute to reduce this before we pay.

Now with weddings being very expensive we don't have £2000+ sitting around so would like to get a credit card to pay off the remainder and then use any cash gifts to pay off the credit card.

We are looking at 0% on purchase deals (example M&S do one which is 0% for a few months) but I'm not sure what this means. Does it mean as long as we pay off the minimum amount we won't be charged interest? As that is ideally what we would like.

Also, do we have any chance that the credit limit would be around £2000? Is this a lot for a credit limit or would it just depend on the company and our circumstances?

Any help or advise would be greatly received as we don't want to get into something we don't understand.

[Deleted User]

you are right to assume that you would pay no interest as long as you make min.payments,but set up a DD to do that as if you miss or are late with the payment the 0%deal is off !
as for credit limit,how longs a piece of string?

MrsS2be

Thanks for clarifying that. When do you find out what your credit limit is? After you have applied and been accepted or can they give you a ball park figure?

Fruit_and_Nut_Case

MrsS2be wrote: »

Thanks for clarifying that. When do you find out what your credit limit is? After you have applied and been accepted or can they give you a ball park figure?

Normally only after you have been accepted.

MrsS2be

Thanks for the help. Other half has applied for M&S one, we shall see how it goes.

dresdendave

MrsS2be wrote: »

Now with weddings being very expensive .

Apart from the fees for the registry office which are well below £100, all other expenses are through choice, ie it's only expensive if you allow it to be.

Dabooka

dresdendave wrote: »

Apart from the fees for the registry office which are well below £100, all other expenses are through choice, ie it's only expensive if you allow it to be.

Very true, but most people CHOOSE to incur some expense as part of their wedding and honeymoon.

I understood the OPs question to be about obtaining a credit card to pay off their honeymoon until they're wedding gifts come through and can contribute towards the cost, as opposed to complaining about the cost of the wedding!

dresdendave

Dabooka wrote: »

Very true, but most people CHOOSE to incur some expense as part of their wedding and honeymoon.

I understood the OPs question to be about obtaining a credit card to pay off their honeymoon until they're wedding gifts come through and can contribute towards the cost, as opposed to complaining about the cost of the wedding!

I didn't intend to suggest the OP was complaining. I was questioning their blanket statement that weddings are expensive, as if this a cast iron fact. As you pointed out in your first paragraph, appearing to agree with me, they are only expensive if you CHOOSE them to be.

whatyadoinsucka

dresdendave wrote: »

I didn't intend to suggest the OP was complaining. I was questioning their blanket statement that weddings are expensive, as if this a cast iron fact. As you pointed out in your first paragraph, appearing to agree with me, they are only expensive if you CHOOSE them to be.

weddings are expensive due to the fact, if 'wedding' is mentioned prices automatically go higher.

if you want to have a great day with all close/loved ones and friends, weddings are going to cost end off.

otherwise by all means go to the registrars and hire out a local labour club, but thats not my or my other halfs idea of a 'perfect' wedding.

Dabooka

dresdendave wrote: »

I didn't intend to suggest the OP was complaining. I was questioning their blanket statement that weddings are expensive, as if this a cast iron fact. As you pointed out in your first paragraph, appearing to agree with me, they are only expensive if you CHOOSE them to be.

Sorry Dave, didn't mean to be confusing. I agree that getting married can be cheap, but having a wedding is expensive. And by expensive, I mean relative to the couple's finances.