0% on Purchases, what's the small print?

jojo87

CLAPTON wrote: »

no it makes no sense at all

once you have used by the 2,000 limit, there is no difference using 200 cash to pay for a purchase
or use 200 cash to reduce your CC balance and then use the CC for the 200 purchase

Yeh once the limit is reached. There's no difference. You're right.

But until the limit is reached. Rather than spending £400 and paying it off. I spend £400, pay off £200. For that month and every month until the limit is reached I have an extra £200, for when I'm more likely to need the extra dosh. All in while paying no interest.

After that, I have no problem with paying off the balance, before the 19th month.

Someone tell me I'm not going crazy.

*bangs head against wall*

Again I emphasize on the fact I would like the extra cash for a few months. After that I'm not fussed about the balance on the card, I expect to pay it off.

Sparx

jojo87 wrote: »

I've been saving for my wedding, and I don't intend to borrow anything to cover the costs. However to help me out over the next few months, I was thinking of shopping on a new Credit Card with a 0% on purchases.

Don't intend to borrow? Then I read the rest of your post..

Mind, blown.. :eek:

CLAPTON

jojo87 wrote: »

Yeh once the limit is reached. There's no difference. You're right.

But until the limit is reached. Rather than spending £400 and paying it off. I spend £400, pay off £200. For that month and every month until the limit is reached I have an extra £200, for when I'm more likely to need the extra dosh. All in while paying no interest.

After that, I have no problem with paying off the balance, before the 19th month.

Someone tell me I'm not going crazy.

*bangs head against wall*

Again I emphasize on the fact I would like the extra cash for a few months. After that I'm not fussed about the balance on the card, I expect to pay it off.

rather than pay off the extra 200, put it in your saving a/c and earn a small amount of interest