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Credit card advice?
Wotsagirltodo
Posts: 1 Newbie
in Credit cards
Hi. Looking for some advice please. I’m having an extension built starting shortly. I’m in the lucky position that I have the cash ready, due to inheritance. And for the build I need to make weekly payments of circa £6k. How is the best way to pay this and get some benefits back?? Thanks in advance for your advice
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Comments
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What types of payment will your builder accept? There's no point developing some complicated cashback cascade if they'll only accept a BACS transfer (or worse, an attache case full of used notes).N. Hampshire, he/him. Octopus Intelligent Go elec & Tracker gas / Vodafone BB / iD mobile. Ripple Kirk Hill Coop member.Ofgem cap table, Ofgem cap explainer. Economy 7 cap explainer. Gas vs E7 vs peak elec heating costs, Best kettle!
2.72kWp PV facing SSW installed Jan 2012. 11 x 247w panels, 3.6kw inverter. 34 MWh generated, long-term average 2.6 Os.3 -
Bare in mind they’ll likely want to be paid via bank or cash due to the fees involved in taking payment by DC/CC.
Even paying by the current cheapest in person card payment of revolut business they’re still looking at 0.8% fee, that weekly at £6k adds up - Almost £50.
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As well as acceptable methods of payment already mentioned, how many credit cards and limits are you hoping for to make £6k weekly payments.0
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eschaton said:As well as acceptable methods of payment already mentioned, how many credit cards and limits are you hoping for to make £6k weekly payments.One card with £6K limit.The OP made it clear that they "have the cash ready" and they want a CC only to "get some benefits"
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grumpy_codger said:eschaton said:As well as acceptable methods of payment already mentioned, how many credit cards and limits are you hoping for to make £6k weekly payments.One card with £6K limit.The OP made it clear that they "have the cash ready" and they want a CC only to "get some benefits"Who said they didn’t?
I thought the OP meant they wanted to make weekly payments of £6k, not £6k in total.It can’t be much of an extension for £6k.0 -
They can pay off the credit card after making each payment, and so the card only requires a £6k or so limit.eschaton said:grumpy_codger said:eschaton said:As well as acceptable methods of payment already mentioned, how many credit cards and limits are you hoping for to make £6k weekly payments.One card with £6K limit.The OP made it clear that they "have the cash ready" and they want a CC only to "get some benefits"Who said they didn’t?
I thought the OP meant they wanted to make weekly payments of £6k, not £6k in total.It can’t be much of an extension for £6k.0
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