How much have I actually lost?

r2015

I paid a deposit of £359.70, plus a £5.40 fee, for a holiday with my Nationwide Select credit card with .5% cashback.


This will be paid in full on 8th March 2015 from money earning 3% in my Santander 123 account.


What will be the difference in cost if I had paid the deposit today using my Santander 123 debit card?


I will be paying the balance of my holiday, £2038.30, with my Santander 123 debit card on 1st July 2016 unless, giving I'm a retired near 70 year old, someone will give me a 0% credit card.


I have 4 credit cards already with a total credit limit of £20,000.

JimmyTheWig

Fee - £5.40
Cashback (on full amount paid) - £1.83
Interest on £359.70 for 39 days @ 3% AER - £1.15

Net cost = £5.40 - £1.83 - £1.15 = £2.42

[Deleted User]

JimmyTheWig wrote: »

Fee - £5.40
Cashback (on full amount paid) - £1.83
Interest on £359.70 for 39 days @ 3% AER - £1.15

Net cost = £5.40 - £1.83 - £1.15 = £2.42

Don't forget the card interest, as it's not being paid off until March.

r2015

Don't forget the card interest, as it's not being paid off until March.

No interest, statement date will be 14th Feb.

pathtofreedom

It is always best to pay a part of something like a holiday on a credit card, as you then get the s75 protection.

http://www.moneysavingexpert.com/shopping/section75-protect-your-purchases