Credit card to buy furniture

ninja2929

Good afternoon all,

I currently have a credit card with my bank, which I've had for 4 or 5 years and have paid off the full balance every month.

I am due to complete on my first home tomorrow. (Yay!) I've been fortunate enough to be able to save for the most important furniture items, such as a sofa, bed and mattress, but will need to borrow money to pay for the rest. An important example is a spare bed and mattress for when family come to stay next month.

I haven't used my credit card for the past two months, because it was a condition of the mortgage offer to have the balance at zero.

I'm trying to work out what the best way to pay for the remainder of the furniture is. Something that balances out being able to make purchases as soon as possible (knowing that there's a bit of a lead time for delivery on some of the items I want,) but also combines not paying any interest.

I currently have The Select Credit Card from Nationwide. My first thought was to just call them after completion and ask to change over to their Nationwide Credit Card, which would allow 0% on purchases for 12 months. I'm imagining that this is the most likely route to me retaining my current credit limit. The disadvantage would be that I'm guessing it will take a week or so for the new card to arrive, which will slow things down.

My other thought today was to start using my current credit card after completion and then shop around for a credit card with a 0% balance transfer offer. This would allow me to start making purchases tomorrow, which would be ideal in the short term.

I've researched furniture and prices very thoroughly, and in order for me to pay off the balance of any money borrowed, I would just need to save at the rate that I've demonstrated I can for the last 18 months in getting the last of the deposit money together. I guess in an ideal world I'd give myself a bit longer to pay it back, and have some more spare cash each month to enjoy myself a bit more... but like I say it isn't the be all and end all.

Thanks for reading - very keen to hear people's thoughts.

[Deleted User]

Beg steal or borrow furniture for the interim, if you don't have the cash to hand.

Once you're in your new place, give it a few months and then apply for a decent 0% card if you still haven't managed to save up enough.

Don't put if on your current card if you're reliant on getting a BT offer to shift it.

BorisThomson

ebay, freecycle and local FB selling groups are your answer here. Also charity shops and a furniture project if there's one in your area. Don't get yourself into debt for non essentials.