Advice required on a £3000 purchase

Mondy

So I want to but some electrical goods totalling 3k. At the moment I have an M&S card with a £4k limit and has £1500 to be paid off.

Now I could just buy the equipment on my current card, once I pay of some more of it, which I could do now. But that seems silly!

I am after some advice on what the best way to do this would be. Ideally a new card that I could transfer the £1500 balance too and use to purchase my equipment.

I would be able to make monthly payments of about £150 - £200 as I am also putting money away in an ISA.

So before I go ahead and make the purchase I thought I would ask in here for best options.


Thanks

Hooloovoo

Mondy wrote: »

I am after some advice on what the best way to do this would be.

Save up the money and buy the gadgets when you can afford them.

warwicktiger

Get a Tesco card, interest free purchases 16 months, and tesco points

Mondy

warwicktiger wrote: »

Get a Tesco card, interest free purchases 16 months, and tesco points

I had a tesco card in the last few years which I have paid off and chopped up. Used that to get married!

pinkteapot

Ask M&S to increase your limit by £500?

Mondy

pinkteapot wrote: »

Ask M&S to increase your limit by £500?

I did ask for an increase earlier in the year but they said this was not an option. I’m assuming as the 0% on purchases ends in September.

emzieslou

You could see if you could get a 22mnth bt card, hopefully get a bigger limit... transfer what you have on m&s at the moment then when the int free finishes on the m&s in september do the rest. i know the halifax card you can transfer at any time within the 22 months rather than the first 90days xxx

Mondy

Well I'm with Halifax for all my stuff like current account and mortgage etc. So maybe I will go and ask them, I'm fairly new to CC's so if I get another card with x amount of 0% on purchases can I just xfer the amount on the M&S card at a fee obviously then start paying off the total on the new card and chop up M&S card?