We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
0% credit card help
Fairy_star
Posts: 1 Newbie
in Credit cards
Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks
0
Comments
-
It depends which card you get. Some are 1% of the balance.
You would need to see in the T&Cs how the minimum payment is calculated for your particular card.I’m a Forum Ambassador and I support the Forum Team on the Budgeting & Bank Accounts, Credit Cards, Credit File & Ratings and Energy boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
If you can't be the best -
Just be better than you were yesterday.0 -
The highest is probably 2.5℅ of balance, so quite a range.
Don't forget to check the dealer's fee.0 -
they may charge you up to 3% fee to accept a credit cardI’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
The basic nature of your questions would indicate you've never had a credit card before? If that's the case, a £10K limit might be a little optimistic...unless you've a very high income.Fairy_star wrote: »Looking to use a 0% credit card to purchase a car. Approx value of £10k. What would be the minimum monthly repayments roughly? Then at the end of the term I'd want to transfer the balance to another 0% car - is this possible? Thanks0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards