Section 75 - can I claim if total is 30K+ but on two separate credit cards?

eskbanker

AmberDepp said:

eskbanker said:

ab1234567890abcdefgh said:

MH1927 said:

AmberDepp said:

MH1927 said:

Section 75a is for linked Credit Agreements. "The specific goods or provision of a specific service are explicitly specified in the credit agreement"

Its extremely rare for credit card agreements that the spending is specified in the credit agreement.

As an example, if you had purchased a car and taken dealer finance you would be covered under 75a up to £60,260.

No.

The total value is important here.

As I see it "Deposit paid of c.11K last May 2021, then three further payments of c.25K on a new credit card in Oct-Nov 2021."

Means a deposit of 11k, and 75k in total on credit cards, which is nearly £86k!.

It's not based on the value of what you put on the cards but the value of the invoice.

And I can only hope the CC Co doesn't have to swallow your exorbitant kitchen costs.

Reading comprehension not your strong point? I mean we all know it that's why your back with yet another new account to troll again!

The Italic part of my post is a quote from the legislation. The amount paid  is secondary to the fact it is not a linked credit agreement where "The specific goods or provision of a specific service are explicitly specified in the credit agreement". So even if the cost was below £60,260 (which is the limit for a 75a claim) it still wouldn't be covered.

I mean I literally gave an example of a 75a compliant agreement and even explicitly stated the max sum it would cover.

So no the total value is not important at all.

Clearly reading is not your strong point either, or understanding how S75 works.

11+(3*25) > 60260.

Is that "simple enough for you"?

No point in continuing to discuss those notional figures, when OP clarified a couple of days ago that it wasn't three separate £25Ks but three payments totalling £25K:

StarfishAndCoffee87 said:

Thank you to everyone for replying. My apologies for being unclear. The total cost of the kitchen including VAT and the fitter's costs is £42K. I completely appreciate this is a major sum of money for a kitchen. I've saved for 10 years and it was to be the dream forever kitchen, the one major luxury of the house. The deposit was for just over £11,000. Then the three further payments combined were c.£25,000 - made up of two lots of £7500 and then one of £8940. 
I appreciate all the responses - it sounds as if because the total is over £30,000, then section 75 won't work regardless of it being on two different credit cards. I applied for a new one specifically for the project, so the 2nd-4th payments were with a different lender.

No, they didn't., they clarified that it was a deposit of £11k and the further payments amounted to £25k.

The deposit was for just over £11,000. Then the three further payments combined were c.£25,000 - made up of two lots of £7500 and then one of £8940. 

The TOTAL cost was £42k, so presumably £6k in fitting costs.

Come on people, keep up.

My point was simply to correct your assertion that there were three separate £25Ks when OP had earlier clarified that it was just one, but I was obviously not attempting to represent the total cost as £25K, hence already quoting the text you refer to....

RogerBareford

AmberDepp said:

I still find it utterly hilarious that someone dropping forty-two thousand pounds on a kitchen is coming to Money Saving Expert for advice though.

Money saving (for people who arn't living paycheck to paycheck) is all about getting what you want for the best price.

For all we know that could be a great deal for what the OP had chosen for a kitchen.