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Credit Card Advice for £700 Purchase
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anotheruser
Posts: 3,485 Forumite
in Credit cards
Quick question.
Want to spend £700 but would prefer to have a bit more cash in the bank at the moment.
Can I get any old 0% credit card for 12 months and pay it off monthly?
I don't think for a low £1000 I'd have any problems but might be a good way of having a temporary 0% loan?
Just making sure.
Want to spend £700 but would prefer to have a bit more cash in the bank at the moment.
Can I get any old 0% credit card for 12 months and pay it off monthly?
I don't think for a low £1000 I'd have any problems but might be a good way of having a temporary 0% loan?
Just making sure.
0
Comments
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Basically, yes0
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anotheruser wrote: »Can I get any old 0% credit card for 12 months and pay it off monthly?
You would need a card that offers you 0% on purchases, not on balance transfers. 0% purchase cards are quite hard to come-by.
But if you have another CC you can utilise a balance transfer: pay the purchase with the existing card, then transfer the amount onto the new balance transfer card.0 -
A 0% purchases card is what you need. This is on the assumption that whereever you are purchasing the item from accept card payments.
Try this https://creditcards.moneysavingexpert.com//purchasesI’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.
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