Apple Finance vs Credit Card

Xeorix

Currently looking at a Macbook as need the portability and currently have an iMac. The issue here though is that I can't afford to buy the Macbook until I have sold my current equipment. The catch being that I need the current equipment until I get my new Macbook due to work, file transfer etc etc. Catch 22.

Apple have a 0% finance deal on at the moment, however it is actually a 0% loan agreement through Barclays. The question here is:
Would taking out 0% finance/loan through Apple/Barclays affect my credit rating?

The alternative option is to open a new credit card say through Tesco which has 0% interest on purchases for 18 months. I could then buy it on that at 0% and pay it back. The question here is:
Would this affect my credit rating? I currently have a CC with Natwest and AMex - both paid off in full every month

Also, would be looking at getting a mortgage later this year, however I would have paid of the cost of the Macbook by then but would still have a credit card.

Basically, just after some advice on the best way to go about this without damaging my credit rating and jeopardising any mortgage deals I may get on a house later this year

Clive_Woody

I would imagine that both would show on your credit file but if you plan on paying these off in full as soon as your old computer is sold then they should show as settled/£0 balance very quickly so I don't imagine would impact a mortgage application.

With a mortgage application coming up this year you will need to put down some sort of deposit for a house purchase. Do you currently have funds set aside for a deposit that you could use to pay for the new computer then replace these once the old one is sold?

MallyGirl

0% CC is more flexible in how much you pay off and offers purchase protection.

Xeorix

Clive_Woody wrote: »

I would imagine that both would show on your credit file but if you plan on paying these off in full as soon as your old computer is sold then they should show as settled/£0 balance very quickly so I don't imagine would impact a mortgage application.

With a mortgage application coming up this year you will need to put down some sort of deposit for a house purchase. Do you currently have funds set aside for a deposit that you could use to pay for the new computer then replace these once the old one is sold?

I've got enough money for a deposit saved up, however instead of taking out 0% finance with Barclays etc, I've decided just to do it what I suppose it the sensible way.

Take the money out of my savings, and then pay it back into it myself when the money comes in. That way, 0% interest, no credit checks or loans on file and I can pay it back in a time that suits me. Not sure why I didn't think about it before :rotfl: