Credit Card 5k pay back later

beckyben89

Are there any credit cards I can get easily to use to pay for a surgery I need in Poland - 5k - then pay after a year? Thanks in advance.

Nebulous2

There are a lot of issues to consider in following your plan - from a financial viewpoint. 

Do you have any credit cards already? £5k is a big limit for a first card. You'll need slightly more than that, to allow some headroom.  Try some eligibility checkers. They will indicate your chances of acceptance, and may indicate what limit you will get. 

Does the clinic / hospital in Poland accept credit cards as a form of payment? 

You will need to make at least the minimum payment on the card every month. 

Some cards offer a 0% offer for an initial period. Once that time is up interest will be applied. That might be higher than for a loan, unless you are able to balance transfer to another credit card. 

cymruchris

All credit cards that I'm aware of need ongoing payments once the funds have been spent. Usually a minimum payment monthly. I'm guessing that the surgery you're wanting done isn't something that's available on the NHS?

Ebe_Scrooge

As above - unless you are able to get accepted for a 0% card with a high enough limit, then you'll be paying a fair amount of interest if you're only paying the minimum amount each month (and this assumes the hospital will accept payment by card anyway).  A loan may be worth considering as an alternative.

Alternatively, do the hospital/clinic themselves offer any sort of finance product?

The other option is, can you delay the treatment until you have the funds available?  It's not my place to pry into the details, but if it's something that's medically urgent then the NHS will surely provide what you need?  I fully appreciate that less-urgent procedures can have long waiting times, and paying for private treatment can be an attractive option.  But however you end up financing it, you need to ensure you're aware of how much it'll cost you overall, taking into account interest charges.

[Deleted User]

It would be worth looking at a 0% Money Transfer card, while you will pay a fee and have to pay off a minimum amount monthly, it would suit your needs. If it was 18 months like say the MNBA one that MSE talks about, you would probably be able to pay the minimum of whatever they charge (I think it's 2.5%) so probably £125 a month for the first 12 months then clear the remaining £3500 in 12 months as you plan

You will not find a credit card that offers 12 months of no payments towards the balance