Who is a credit card master?

Dickyhymes

I have money in my 123 account making 3%, thanks MSE. but rather than using the money to buy a £3,500 kitchen. Should I get a 0% credit card to pay it off monthly. I don't fully understand if I can just pay the minimum payments for the 0% period or not. Will I have to pay any extra charges for the one purchase. The Amex credit has a cash back offer as well. Am I completely off track here. Please help if your out there credit card master:beer:

adindas

Dickyhymes wrote: »

I have money in my 123 account making 3%, thanks MSE. but rather than using the money to buy a £3,500 kitchen. Should I get a 0% credit card to pay it off monthly.

Yes get 0% on purchase creditcard

Dickyhymes wrote: »

I don't fully understand if I can just pay the minimum payments for the 0% period or not. Will I have to pay any extra charges for the one purchase.

After getting0% on purchase creditcard set up a DD for minimum payment. Everytime you want to purchase something use this card if you could instead of paying in cash. You do not pay any fine / fee as long as you keep paying minimum payment. Also no interest during interest free period. Just be aware when the interest free period is ending.

Dickyhymes wrote: »

The Amex credit has a cash back offer as well. Am I completely off track here. Please help if your out there credit card master:beer:

If you could get cash back you get extra benefit from cashback

bengalknights

You could if you wanted to yes purchase on the card then make minimum payments for the promotional months thus making you interest in the bank and also some cashback (If they accept amex)