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Credit Card for Spending Discussion Area

edited 2 July 2013 at 7:38PM in Credit Cards
116 replies 76.3K views
Former_MSE_WendyFormer_MSE_Wendy Campaigns Manager
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edited 2 July 2013 at 7:38PM in Credit Cards
This thread is specifically to discuss the

0% Credit Cards for Spending

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  • I have still been able to access the Halifax Purchasecard application page, having applied for this last week, which gives:
    15mths interest free on purchases and 6mths on balance transfers.

    Try the link www.halifax.co.uk/purchasecard
  • Brilliant post, dclparker. :T :T :T
    Accessed, applied, accepted. :j :j :j

    And there I was trying to choose between HSBC and the standard Halifax, both of which give 12 months int free on purchases. (Not seeking balance transfer deals on this occasion.)

    :beer: :beer: :beer:
  • I was dismayed to see that I was already an existing cardholder for both the best purchase cards - Halifax and HSBC! The purchase cards are for "new customers only".

    Halifax customer services advised that while you can't have 2 separate credit cards with them, if I close down my existing Halifax One card and reapply after 30 days, they would consider me for the Halifax purchase card. Yipee, I did so willingly. I took the risk that I may not be approved for my new application, as really my existing card with its paltry £500 limit would be no great loss. Much to my great surprise (as many past interactions I have had with Halifax have been both frustrating and fruitless), I got reapplied and got approved for their purchase card with a £1500 limit. Not a huge limit but better than nothing.

    HSBC, on the other hand, advise that I can also shut down my existing card, but can only reapply after SIX MONTHS! As there is no guarantee that you will be approved when you reapply, I'm not gonna risk it, because I use the HSBC card as my main card.

    But the point is, even if you are an existing card holder, you may still be able to qualify for the interest free cards if you are prepared to cancel your existing cards in order to reapply.
  • Hi, i have just been accepted an application for the hsbc credit card with 0% interest on purchases for 12 months.

    Im getting married in 7 weeks and want to buy a tomtom and wii for my partner.

    Am i right in thinking that i can buy the items and if i pay, say, £25 per month and make sure the balance is clear by the end of the 12 months - i wont have to pay any interest?

    I got stung by the balance transfer thing a while ago and just want to make sure im correct in my thinking.

    any help would be much appreciated

    chris
  • leahr1leahr1 Forumite
    2 posts
    Hi,

    I'm a bit confused about what type of credit card I need, as so many are offering deals for balance transfers from other credit cards.
    I don't have a credit card but am looking for one for the short term (at 0%) for purchases. I am only needing this for about 3 months or so because I am moving and needing to pay for two flats over the period of a few months. Once the money comes through from the flat I am selling though, I can pay this off.

    Please help!

    Thanks,

    Leah
  • MBNA 4.9% no fee
    I thought this was too good to be true. So I applied and got accepted. But the interest rate is 5.9% and a 2% transfer fee. Before I go ahead with this, is this still a good idea? I need to cover about £4,000 and they have given me a £7,000 credit limit. I understand about not ever spending on a balance transfer card. But I just can't see the wood from the trees right now. :confused:
    Anybody help?
    Thanks.
  • Hi all
    I've currently a £1750 overdraft with HSBC from my student days. And i am about to start getting charged interest from the bank a/c. I am not a graduate, so cannot get the graduate account.
    I'm thinking of getting a credit card and paying off the overdraft (or most of it) and then paying the credit card amount back bit by bit every month. Does this mean i need a 0% for purchases for a number of months like the Halifax (Above). After that period i will shift it to a 0% balance transfer
    What you all think??
    Am i on the right track? I need some expert advice.........Martin anyone??
  • dhassendhassen Forumite
    759 posts
    Hi all
    I've currently a £1750 overdraft with HSBC from my student days. And i am about to start getting charged interest from the bank a/c. I am not a graduate, so cannot get the graduate account.
    I'm thinking of getting a credit card and paying off the overdraft (or most of it) and then paying the credit card amount back bit by bit every month. Does this mean i need a 0% for purchases for a number of months like the Halifax (Above). After that period i will shift it to a 0% balance transfer
    What you all think??
    Am i on the right track? I need some expert advice.........Martin anyone??

    I've already replyed to this on your main thread craigpaul...... go read it :) BTW your problem has nothing to do with a credit card for spending.
    Official DFW Nerd Club - Member no. 784 - Proud to be dealing with my debts
  • KJF1KJF1 Forumite
    3 posts
    I've just had a look at the Barclaycard 0%, but it redirects now to a normal barclaycard platinum at 14.9%

    The end of easy credit ?
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