We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
On behalf of ......
Comments
-
leicsmarkyr wrote: »I know of one credit card issuer who if you go online to your account can pay with your credit card.
I have a balance on this account with a low interest rate so I use my other credit card to pay the monthly payment. That way I get another 50odd days interest free AND cashback for it
I also have discovered this when I inadvertantly paid online using another credit card instead of my debit card - seems very odd but it did help me out at the time!!0 -
leicsmarkyr wrote: »I know of one credit card issuer who if you go online to your account can pay with your credit card.
I have a balance on this account with a low interest rate so I use my other credit card to pay the monthly payment. That way I get another 50odd days interest free AND cashback for it
Creation will accept online payment by credit card. There are no charges.0 -
-
leicsmarkyr wrote: »It wasn't Creation
Perhaps you would like to let us know who it was?0 -
VfM4meplse wrote: »But also an expensive way of doing it!
Yep, but in very rare cases it can save money.
To take an extreme example, lets suppose your CC bill is £1000 - transactions spread evenly throughout the month. You can only afford to pay £950 by the due by date, and £50 a few days later.
By failing to pay the whole balance, you will incur interest. At 2%/month (26%APR) you will probably pay around £20 interest.
But, if you pull £50 out of an ATM on a CC and use it with your £950 to pay off the full balance then you'll just pay for the withdrawal - typically pay 3%, that's £1.50. Well, there might be a minimum charge, but even so it will be less than £20. You will get some interest on the cash withdrawal - but that's likely to be peanuts over a few days.
In fact you can use the same card - robbing peter to pay... peter!0 -
Thanks for the replies guy`s , all passed on to SS , must admit i did not think you could but no harm in asking others who do !
RegardsA Bast**d I May Be ! I Was Born One !
Whats Your Excuse ?0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.7K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards