0% Purchase Card for Foreign Purchases

kronies1664

Hi, I'm looking to spend approximately £1000+ on goods from a Spanish Wholesaler Website. I was hoping to take advantage of a long term 0% purchase credit card to spread the cost over a year or two (Halifax 30 Month Card looks a good choice)... I understand there will be an currency conversion rate and also a 2.95% fee but my question is...
'Would this foreign purchase be EXEMPT from the 0% promotional offer?'
I've looked through the T&Cs but haven't seen anything to suggest a foreign purchase wouldn't.

Any advice would be greatly appreciated... Many thanks...

PeacefulWaters

No it wouldn't.

If Travelex Supercard is still available linking that to a 0% purchase card would safe you the 2.95%.

kronies1664

Thank you PeacefulWaters for the advice, I'll have a look into the Travelex Supercard as suggested and link it to the 0% Purchase Card I choose... Just to clarify, in your experience/opinion, by doing it this way though, it wouldn't be deemed a balance transfer by any chance would it?

PeacefulWaters

kronies1664 wrote: »

Thank you PeacefulWaters for the advice, I'll have a look into the Travelex Supercard as suggested and link it to the 0% Purchase Card I choose... Just to clarify, in your experience/opinion, by doing it this way though, it wouldn't be deemed a balance transfer by any chance would it?

No, it wouldn't.

kronies1664

Sorry, another thought... When purchasing goods with a credit card it is believed we are 'almost' guaranteed that should the goods not turn up, the credit card company would have to help us settle a dispute of faulty goods/no goods... In your opinion would the Travelex Card be the same? Buying from a a foreign wholesaler gives me a little niggling uneasy feeling so having a Credit Card company to assist should anything 'go wrong' is a peace of mind for myself...
Again many thanks for your help and time in answering my questions...

PeacefulWaters

kronies1664 wrote: »

Sorry, another thought... When purchasing goods with a credit card it is believed we are 'almost' guaranteed that should the goods not turn up, the credit card company would have to help us settle a dispute of faulty goods/no goods... In your opinion would the Travelex Card be the same? Buying from a a foreign wholesaler gives me a little niggling uneasy feeling so having a Credit Card company to assist should anything 'go wrong' is a peace of mind for myself...
Again many thanks for your help and time in answering my questions...

Usung Travelex Supercard would break the chain IMO. S75 protection wouldn't apply.

Good question.

kronies1664

Thanks for your comment... And although I don't like paying 'fees' if they can be avoided, in this scenario, I will swallow the 2.95% fee for the added security the Credit Card Company can offer. I will however keep the Travelex Card in mind as if my plans work out well and I can build confidence in purchasing from abroad, the Travelex option will save me the fee for future purchases so thanks again for the advice...

eDicky

If it turns out that you continue to make non-sterling purchases, consider obtaining a suitable fee-free credit card to use directly, such as Halifax Clarity, Santander Zero, Creation Everyday or Aqua Reward (0.5% cashback).

BlondBoy

Marginal benefit, perhaps, but the Lloyds Avios Reward would give you 0% for 29 months, plus Avios on your spend. It has no foreign exchange fee on purchases.

On the downside, it's got a £24 annual fee (which would be a tiny bit less than the usual 2.9% fee on a £1,000 spend).

If your purchase is one-off, probably not worth it. But if you're looking to make purchases regularly and collect Avios, might be worth considering....

https://www.lloydsbank.com/credit-cards/avios-rewards.asp