Using visa vanquis abroad??

Mum0f6

Hi all.This is my first post and hoping you can give me some advice.
I know it's not very smart to use a vanquis card at all but I am usually very careful and always pay each statement in full to a vapid interest so please no negative comments as I have no choice!


Basically I am booked to have a tummy tuck done in Prague in a few weeks time. My partner said he would help me pay it but now that won't be able to happen.
My surgery will cost at the most £3500, I will be able to get £2500 so what is the best way to use £1000 from my vanquis card?
I originally was going to ask for vanquis to transfer it direct to my bank but then interest will be charged daily and I don't want to get myself in a hole. Would it be best for me to use my card to pay the balance in Prague?
Any advice would be much appreciated.
Thanks

grumbler

If you don't pay the balance in full the interest is charged daily on purchases as well - since the day of each purchase. If you withdraw or transfer money the interest just starts earlier and is likely to be higher than on purchases. Check your card Summary Box - representative rates are 40% and 50% correspondingly. Also cash withdrawal/transfer costs 3%.

So, it's better to pay by the card abroad if they accept card payments. Vanquis will charge you 3% for conversion, but this is less than you'd pay for a cash advance and buying euros/korunas.

Mum0f6

Thank you for your reply

thebritishbloke

Mum0f6 wrote: »

Thank you for your reply

Be very careful with doing this. £1000 on your Vanquis card, depending on what interest rate you have, if you don't pay it off within the month you could easily end up paying £50 just in interest per month.

JessicaWright

Oh..that's really true! If you do not play safe, you would end up paying a lot of money at the end. I had a tummy tuck last year from Dr.Mclean's clinic, Toronto, and in my case some medical reasons were there to do the surgery so it was covered up along with the insurance and it really saved me a lot.

chattychappy

How long have you had the Vanquis? If you've built up some credit history, it might be worth applying for a card with a lower purchase rate or even a 0% introductory offer.