pay council tax with credit card to stooze

chocomonsta

Hi

I am with Santander 123 and have an 18 month 0% on purchases credit card.

should i use credit card to pay monthly council tax and save money in 3% paying account (or Nationwide 5% paying account etc ?)

I have previously always paid monthly DD from current account).

seeing it written down it seems obvious i should, but I am hesitant, not sure why, I think it just seems strange paying council tax with credit card but its just another bill/payment right?

TIA

YorkshireBoy

Some Councils charge a fee for paying by credit card. Does yours?


Assuming yours doesn't charge, how much will you make over the year?

chocomonsta

just had a look on council web site, no charge for credit cards.

I would be making the 3% (less tax) over the 18 months

saving 1606.99 * 3% /12 X 18 months = 72.31 less 20% tax = £57.85

.................:o is that right?

lol

I have approx 12k of credit over 2 cards and can pay it off anytime, not really done it before though and it seems so strange to look at my account and see I owe money (albeit I am able to pay it off if necessary) which I am paying minimum payments on.

YorkshireBoy

chocomonsta wrote: »

is that right?

I don't think so.


Your real saving will come in months 13-18 won't it? You're not gaining as much in the first 10-12 months since you'd have the money in the 1-2-3 account anyway...being as you already have the option of paying monthly by DD.

chocomonsta

ok, yes I realise that the gain would be after stoozing for 18 months

cheers

datlex

I pay mine on a points credit card and use the points to treat myself (don't pay extra for using it)

Thrugelmir

chocomonsta wrote: »

Hi

I am with Santander 123 and have an 18 month 0% on purchases credit card.

should i use credit card to pay monthly council tax and save money in 3% paying account (or Nationwide 5% paying account etc ?)

Is it treated as a purchase or a cash transfer?

sicker

My council will NOT accept payment by credit card but I do get cash back on my payment by direct debit from my santander 123 current account. Every little helps.