M&S 0% Purchases CC

RTguy

Have just found out today that the M&S 0% purchases credit card as recommended on the MSE best buys comes with a 6 month credit limit freeze. So whatever you end up with, you’re stuck with! Not ideal if you want to use it for everyday spending through the life of the 0% offer.

D3xt3r5L4b

OK?
Although you shouldn’t mix a 0% Card with normal spending.

MalMonroe

Yes, agree with D3xt3r5L4b, balance transfer cards should be used purely for that, so you can then hunker down and pay off the whole balance within the time allocated. 

That's what Martin always advises, too. Otherwise, you'll just end up with a card full of money to pay back and big interest rates. 

Shakin_Steve

Could have sworn the OP wrote purchases, not transfers.

D3xt3r5L4b

Shakin_Steve said:

Could have sworn the OP wrote purchases, not transfers.

Though the same advice on not mixing still applies 

Fingerbobs

D3xt3r5L4b said:

Shakin_Steve said:

Could have sworn the OP wrote purchases, not transfers.

Though the same advice on not mixing still applies 

Eh? How can you "not mix" purchases and purchases?

RTguy

D3xt3r5L4b said:

OK?
Although you shouldn’t mix a 0% Card with normal spending.

What should you use it for?

D3xt3r5L4b

Mixing 0% promo purchases with everyday purchases you intend to pay off each month 

jonesMUFCforever

With a promotional spending card you don't need to pay anything off other than the minimum payment (of course you can if you want to).
It is Balance transfer cards that should not be mixed with ordinary spending.

Fingerbobs

D3xt3r5L4b said:

Mixing 0% promo purchases with everyday purchases you intend to pay off each month 

I don't see any distinction between the two. A purchase is a purchase, and they all attract 0% interest for the introductory period on a 0% purchases card. How much you choose to pay off each month is neither here nor there (provided it's at least the minimum, of course).

onlyfoolsandparking

Fingerbobs said:

D3xt3r5L4b said:

Mixing 0% promo purchases with everyday purchases you intend to pay off each month 

I don't see any distinction between the two. A purchase is a purchase, and they all attract 0% interest for the introductory period on a 0% purchases card. How much you choose to pay off each month is neither here nor there (provided it's at least the minimum, of course).

Neither do I, I've used 0% purchase cards a few times over the years (last one being Virgin 27 months 0% on purchases) sometimes I paid the minimum statement balance, sometimes more, then just stopped spending on it, set up a fixed monthly payment (amount owed divided by months left till expiry of promotion, think I did it over 6) hey presto paid nothing in interest.

Nothing mixed up there, some people get confused with the 'advice' they give lol.