£15K 0% purchases for a year but must be done in 2 months. Ideas?
Comments
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Surely you would be better off using some good cashback/reward cards like the Amex gold charge? Spend £2k in three months for about £100 back and then refer your OH for a card for more bonus points and spend another £2k in three months on the new card.0
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Buying gold coins? Sovereigns are capital gains tax free and they can be sold singularly as and when the price raises enough to make you a profit.0
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In summary a 0% offer of £15K with only two months to spend it is probably too much money for too little a time frame for it to coincide with established spending habits.
In short the credit offer is saying splurge now and pay later, perhaps at a higher interest rate.
I bought my last season travel ticket on a 0% rate and it has been at 0% all this time . The 0% was for 15 months so I will manage events to pay nothing in interest even though I have to buy another ticket to ride in December.
Interest free season ticket loans may be available from employers to pay off the season ticket purchases of employees !
J_B.0 -
Put next year's holiday onto the card? A holiday for 3 weeks to Australia could be somewhere around £7000-£9000 for 2 people including flights, hotels, internal flights, trips, transfers etc.
New Hi-Fi/AV equipment?
New TV?
New tyres for the car?Mortgage Feb 2001 - £129,000
Mortgage July 2007 - £0
Original Mortgage Termination Date - Nov 2018
Mortgage Interest saved - £63790.60
ISA Profit since Jan 1st 2015 - 98.2% (updated 1 Dec 2020)0 -
Thanks for all the suggestions everyone.Herman - MP for all!0
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