Credit Card 0% deals and savings on benefits?

money08

Really? Thnx Must check it again that would be handy. Then all I need is to get my landlord to take my rent via the CC 0% and we're all sorted.

money08

I have the card already. Im looking for ways to take advantage of the 0%

money08

Brie said:

Paying your rent on a credit card is unlikely to work and I can't see how you'll gain if you did this and put money into PBs instead as there's no guarantee of gaining anything but you'll still have to pay a transfer fee.  If you do get a card (likely with a much smaller limit than suggested) you might see if the same bank will provide a higher interest savings account as well.  That way you are normally guaranteed some interest.

I got the card@ £6500 0% - Barclays dont offer decent savings currently. Might be a bit dodgy applying for something else again so quick. I think if I just upgrade my santander account to another santander account its just autopilot rather than proper checks.

surreysaver

Why would you want to upgrade your Santander account? Just open an Edge Account. Keep your existing account as is. Don't worry about credit checks 

money08

They wont let me switch for some reason...not eligible apparently.....if I want to "switch" and gain the switch cash I have to go to local branch!!! talk about a backward step...my local branch is on the moon and the flights are too expensive...bah humbug...so why am I not "eligible" this is why I reckon using uswitch to get the amazing cc deal would never have happned if I had applied direct.

surreysaver

born_again said:

Savings play no part in CC applications. It is only income that will be one of the factors.

What's that got to do with the price of fish?

money08

I had thought everything that went on in the current account was checked and that any savings were always a good sign.

surreysaver

I just saw your last sentence about savings. If the DWP take savings into account, then yes, they would be taken into account. The fact the savings are balanced by 0% debt wouldn't make a difference to the DWP

money08

Really...the concensus was 0% is a loan and so not savings in regards DWP......blimey Im starting to think I should forget the whole idea. The last thing I want is dwp breathing down my neck...they have already just docked my money.

surreysaver

Concensus of who?