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Paying off finance with CCard
Options
Adam0984
Posts: 3 Newbie
in Credit cards
I'm coming to the end of my 12 months interest free period on my kitchen finance with Homebase and was looking for some advice on which kind of card to get
A) pay on an existing card then balance transfer
get a new card and do 0% on purchases (I guess paying of finance is a purchase)
C) get a money transfer card and pay it off using my debit card with the funds from the money transfer
It's going to around £3000, I have an excellent credit rating so should be able to get the good cards and should be able to pay off easily within 24 months
A) pay on an existing card then balance transfer
get a new card and do 0% on purchases (I guess paying of finance is a purchase)C) get a money transfer card and pay it off using my debit card with the funds from the money transfer
It's going to around £3000, I have an excellent credit rating so should be able to get the good cards and should be able to pay off easily within 24 months
0
Comments
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Option C, you need a money transfer card.
List of cards here:
http://www.moneysavingexpert.com/loans/cut-loan-overdraft-costsI'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com0 -
will they accept payment by credit card?A) pay on an existing card then balance transfer
not a valid assumption - it depends on which companies are involved. Sometimes it is treated as a cash advance which attracts higher interest. get a new card and do 0% on purchases (I guess paying of finance is a purchase)
A money transfer card is what you wantI’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 -
Super thank you0
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