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Free cash abroad for wedding

edited 30 November -1 at 1:00AM in Credit Cards
10 replies 2.2K views
giboninggiboning Forumite
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MoneySaving Newbie
edited 30 November -1 at 1:00AM in Credit Cards
Hello,

I'm looking for advice on how to use Balance transfer, 0% interest for spending cards to pay for a wedding I'm planning for next year. My budget for the wedding is 20k.

I have Halifax Clarity cc, Starling, Revolut and Curve cards I'm using while travelling and savings to cover most of the costs of the wedding, but I'd rather use fee free cards.

One thing is that most of the suppliers asked me to pay them cash. I will have to pay around 15% upfront to them and pay the balance one week after the wedding.

I have a Virgin Atlantic cc which I use to gain airline points with 5.5k limit. I'm using it to top-up Revolut and Starling whenever I travel and works fine. I was thinking of doing a 5k top-up on Starling, get a BT card and cover the Virgin cc balance. Meanwhile, get a 0% card and top-up the Starling/Revolut using Curve.

I only have 2k limit on the Clarity, so I could withdraw all the cash at the ATM while abroad, pay the balance with a debit card, repeat this several times.

My partner doesn't have any credit cards on her name, so she will apply for the same BT and 0% cards as I do.

We got a joint mortage 6 months ago, I used to churn Amex until then, but nothing since, so hopefully my credit score got back up to get a higher available balance from the credit cards.

Thanks for your time reading and looking forward to your opinions.

Replies

  • venisonvenison Forumite
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    1) no one has a credit score its a fictional number
    2) the money saving option would to not spend 20k on a wedding, especially if you need t borrow
    MSE bring back discussion Time, its removal is an outrage at best and an attempt at censoring at worst !
  • CandyappleCandyapple Forumite, Board Guide
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    Is this to pay for a wedding in the UK or a wedding overseas where the suppliers will need paying in their currency?
    I'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.com
  • Voyager2002Voyager2002 Forumite
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    Avoid suppliers who insist on getting paid in cash.
  • NasqueronNasqueron Forumite
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    6 month old mortgage, running up cards travelling and spending all your savings on the wedding?


    Sounds like you need to lop one of the 0 off the wedding cost and be more sensible than starting married life in hoc to the credit card firms
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  • [Deleted User][Deleted User]
    0 posts
    MoneySaving Newbie
    How are you topping up the Starling account (which is a current account) with money from a Credit Card?

    Do you have a money transfer offer on the Virgin Card?

    Surely you'll be racking up fees and cash interest?
  • SocajamSocajam Forumite
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    I would never pay for anything in cash unless it's groceries.
    As someone mentioned, you just bought a house and using this amount of money for wedding.
  • giboninggiboning Forumite
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    Candyapple wrote: »
    Is this to pay for a wedding in the UK or a wedding overseas where the suppliers will need paying in their currency?

    The wedding is overseas where the suppliers will be paid in the local currency.
    Avoid suppliers who insist on getting paid in cash.

    There will be a contract signed for their services. They don't specifically ask for cash, they accept bank transfers as well, but transfers from UK to another bank involves fees and takes couple of days.
    !!! wrote: »
    How are you topping up the Starling account (which is a current account) with money from a Credit Card?

    Do you have a money transfer offer on the Virgin Card?

    Surely you'll be racking up fees and cash interest?

    I always top up my Starling card using the app. Bank transfer takes more time to see the money in my account.

    Thank you for your thoughts. I'm a money saver, so I wouldn't spend all my savings on a wedding. I am only interested in getting a credit card only if there's a way of using them fee free, as I prefer to have more cash in my savings account.
  • edited 8 May 2019 at 9:51PM
    Ben8282Ben8282
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    edited 8 May 2019 at 9:51PM
    giboning wrote: »
    My partner doesn't have any credit cards on her name, so she will apply for the same BT and 0% cards as I do.
    .
    Which she is very unlikely to get having no credit cards in her name.
    !!! wrote: »
    How are you topping up the Starling account (which is a current account) with money from a Credit Card?

    Do you have a money transfer offer on the Virgin Card?

    Surely you'll be racking up fees and cash interest?
    I agree with the above. You cannot use a credit card to 'top up' a current account except by money transfers for which virgin charge a fee and which certainly cannot be done using the Starling app.
    giboning wrote: »
    I always top up my Starling card using the app. Bank transfer takes more time to see the money in my account. .
    From your OP it appears that you currently have 2 credit cards with limits of 5.5K and 2K respectively.
    The current balances (if any) of these cards is unknown. You also have a 6 month old mortgage. However, you talk about obtaining 0% cards with (presumably) large enough credit limits to balance transfer everything from the 2 existing cards to. Do you really think you will get them?
    Your ideas also carry risks. You intend to withdraw the whole £20K using a Halifax Clarity card with a £2K limit which you intend to repay over and over again to facilitate this. Leaving aside the length of time necessary to carry out this plan due to the daily cash withdrawal limit, I have a strong suspicion that this type of account conduct could see your Halifax Clarity card blocked.
  • giboninggiboning Forumite
    14 posts
    First Anniversary
    MoneySaving Newbie
    Ben8282 wrote: »
    I agree with the above. You cannot use a credit card to 'top up' a current account except by money transfers for which virgin charge a fee and which certainly cannot be done using the Starling app.
    From your OP it appears that you currently have 2 credit cards with limits of 5.5K and 2K respectively.
    The current balances (if any) of these cards is unknown. You also have a 6 month old mortgage. However, you talk about obtaining 0% cards with (presumably) large enough credit limits to balance transfer everything from the 2 existing cards to. Do you really think you will get them?
    Your ideas also carry risks. You intend to withdraw the whole £20K using a Halifax Clarity card with a £2K limit which you intend to repay over and over again to facilitate this. Leaving aside the length of time necessary to carry out this plan due to the daily cash withdrawal limit, I have a strong suspicion that this type of account conduct could see your Halifax Clarity card blocked.

    I "top-up" my Revolut/Starling card from Virgin card underling the Curve card with no fees as Virgin sees it as a purchase. That's where my idea of using a 0% purchase card for a top up and a BT card to cover the Virgin card for another top-up.
    It doesn't have to be all the amount, i'm just looking to put as much possible to repay in the next 18-24 months.
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