Paying private seller by credit card?

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Hi

I am planning to buy a car from a private seller using a credit card I have already arranged a 0% interest balance transfer card to move the balance to afterwards. But how do I get the cash from my original card to give to the seller?

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  • grumbler
    grumbler Posts: 58,629 Forumite
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    StanleyDog wrote: »
    But how do I get the cash from my original card to give to the seller?
    a) ATM
    b) get a card that offers Super transfers
  • StanleyDog
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    It's up to £5000, surely that's too much to withdraw from an ATM? Can I go in to the bank and ask the cashier to transfer the credit to my current account?
  • grumbler
    grumbler Posts: 58,629 Forumite
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    Sometimes they do this (and charge like for a cash withdrawal correspondingly). You can ring them instead of going to a branch.
    Beware of the cash limit that is typically 90% of the credit limit.
  • jo-bo
    jo-bo Posts: 393 Forumite
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    You'd have to check how much of your credit limit is available to withdraw as cash.
  • thenudeone
    thenudeone Posts: 4,462 Forumite
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    ...and withdrawals of cash on CC get reported to CRAs and can be interpreted as a sign of financial distress, which will affect your credit rating.
    We need the earth for food, water, and shelter.
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  • Fruit_and_Nut_Case
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    StanleyDog wrote: »
    Hi

    I am planning to buy a car from a private seller using a credit card I have already arranged a 0% interest balance transfer card to move the balance to afterwards. But how do I get the cash from my original card to give to the seller?
    Can you pay the private seller with a Credit Card Cheque? Generally I wouldn't recommend their use but if you do the BT to the 0% card very quickly it could work out for you.
    Are you for real? - Glass Half Empty??
    :coffee:
  • dalesrider
    dalesrider Posts: 3,447 Forumite
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    I hope you are not doing this in the hope of S75 cover....

    For that you have to show a direct debtor/creditor link.
    EG. retailer name on transaction as taking the funds.
    Never ASSUME anything its makes a
    >>> A55 of U & ME <<<
  • Curr946
    Curr946 Posts: 525 Forumite
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    paypal......
    If you keep on doing what's you've always done, you'll keep on being what you've always been...:think:
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