Large purchase on 0% interest credit card

unimaginative_user_name

harrpau7 wrote: »

Yeah that was another reason why I was going to use the credit card, but I was going to use the credit card then pay it off as soon as the statement came though.

Just want to know if I will be better off interest wise if I don't pay it off until the 11th month of the term that's all.

Provided you pay it off on before the end of the 0% period you will be better off because of tne interest on your savings account.

harrpau7

unimaginative_user_name wrote: »

Provided you pay it off on before the end of the 0% period you will be better off because of tne interest on your savings account.

I will be, I intend to obviously pay off the minimum each month as per my statement and also any extra money I have each month from my spends, then about a month before the 0% period ends pay off the remainder, all while putting about £300 every month into my savings account.

thenudeone

fozmcfc wrote: »

I'm not sure if it shows on your credit report, that only minimum payment are being paid. Only paying the minimum payment, shows a sign of struggling to lenders.

Yes, it does show.

The minimum payment marker is definitely shown on Callcredit reports. Not sure of the others.