Wedding to pay for

g2aham_2

Hi
I am getting married in 18 months and obviously am about to have quite a large amount of outgoings.
Although my partner and I already have some money to put towards it we would like it to work for us as much as possible.
We had planned to put all major payments on a long 0% credit card with a long period while saving the money to repay in an ISA.
Tesco credit card seems to be a very good option but I already have one.
Is there a way I can cancel and reapply to benefit from the long 0% offer or are we best applying for another card with a similar offer? (All those clubcard points seemed very attractive).
Obviously any help on how we can make this outgoing money work for us would be greatly appreciated.
Thanks in advance
Graham

Tixy

Most cards have a 6 month period after closing before you are treated as being a new customer.

You could ask tesco if they can offer you a 0% on purchases deal as an existing customer. Or if not look for a different card - perhaps a cashback card?

[Deleted User]

or do it the old fashioned way and get her dad to pay for the wedding....
just a thought

pc1271

We did the same thing. Took out a Tesco card and an M&S card, both with reward points and 20 months or so interest free.

FireWyrm

I think you should re-evaluate your spending predictions. Why do you need to borrow on a card for a single day out of your lives? Weddings needn't be as expensive as I think you are expecting if you just adjust your requirements slightly. The 'wedding industry' worldwide is worth billions per year and the magazines, shows, experts etc have a vested interest in parting you from your money. For instance, order a bouquet of flowers from your local florist and it will cost £5, say it's for a wedding and watch the cost explode to £25...I'm not kidding. The dress is another 'big' expense, but they are expensive because people are prepared to pay silly prices, not that they are actually worth that much. A dress bought made to measure direct from Hong Kong inclusive of shipping is typically £80, that same dress is worth £1300 when sold in a UK boutique. Just out of interest, where exactly do you imagine that the boutique gets it's dresses from? I'll give you three guesses.

My point is, you dont need to borrow any money at all. I did all of my wedding including rings, dress etc for under £2500.

Do you really want to start your married life in debt? Which is more important, getting married, or making the day?

argomatt

I have recently closed my Tesco CC so that I can reapply for a 0% purchases offer. But they require 8 months between closing the old one and reapplying.
So I don't really think it's worth the bother. 8 months losing out on reward points is a lot for me.

sfax

Apply for a 0% for 20 months balance transfer card from Nationwide at 1.5% handling fee. Buy everything on a card with rewards or cashback and then transfer it all to Nationwide and pay it back 20 months later.

For example, if you get 1.25% cashback on something like an Amex, you'd be paying 0.25% interest to borrow the money for 20 months

pineapple123

Not sure what you want to do is for the best, why not pay the deposits for venue cake etc now carry on saving like mad and pay the remainder nearer to the wedding.

TBH Isa's are not paying good interest rates esp yearly rates, to have everything on a CC with a view of paying it off with money saved in an Isa takes abit of discipline, you may be tempted to use your savings for something else, life changes may happen, loss of employment, baby etc and you could end up having a large debt to repay.

ALIBOBSY

I agree with the poster who said about not wasting your money, it is crazy stupid to start a marriage with a a big debt so I would not borrow ANY money for what is one day. Remember your wedding is just one day, the marriage (you hope) is for the rest of your life!

Before you start I would work out a budget all in of what you can afford ie, no borrowing and no debt. Put this money in the best return account you can find and use the 0% cards to ONLY spend the budget you have and clear before interest kicks in.

Research all the best ways to get this for the best price, as the other poster pointed out many companies see weddings as a chance to exploit and rip you off.

Good tip regarding the wedding dress as above. Go around the local stores and try dresses on to find out the style desired and that suits. Then shop online as above and get it shipped for a fraction of the price. You can then afford to get a local seamstress to adjust/add crystals/sparkly bits to make it completely unique to the bride-all for a fraction of the costs in a "wedding dress shop".

Forget about pleasing ev1 else/designer crap/being flash (you may not be planning any of this, just saying), make the day about celebrating the start of your lives together with the people you love most.

TBH I doubt anyone needs to spend more than 2-3k to have a wonderful, happy day and ev1 I know who had smaller more intimate wedding (or attend them) comment on how much more pleasant the atmosphere is and how its about love and happiness as opposed to the standard impersonal "bells and whistles" affair.

Good Luck
Ali x

Mojisola

BugsyBrowne wrote: »

My pal paid for his holiday on a 0% card 6 months later it was all paid.

It makes more sense to me to save up for 6 months before the holiday to pay for it.

His method will fall apart the year he comes back with the holiday to pay for to a redundancy notice or a long illness or any other of those life events that can suddenly mess up our plans.

BugsyBrowne

Mojisola wrote: »

It makes more sense to me to save up for 6 months before the holiday to pay for it.

His method will fall apart the year he comes back with the holiday to pay for to a redundancy notice or a long illness or any other of those life events that can suddenly mess up our plans.

Holiday?? Maybe I should've read the first post.