Credit Card Advice Please

Trev59

I've taken early retirement and my OAP retirement date is this December.
I don't currently have a credit card.
I'm considering purchase a car and am looking for advice on paying for it. I have the balance in savings. Do I:
- buy from savings
- apply for a cashback credit card (i wonder if I would be eligible)
- any other suggestions?

I'm looking for the smartest way to use my money. Thank you in advance.

Hoenir

Garages will not accept credit cards for full payment of motor vehicles. 

vacheron

As above, garages won't take cards, but you could use a balance transfer card via a mule card to get that money into your bank and earn the interest. 

However, as you have already retired your income "may" be lower so getting a card with a high enough limit may be the problem (especially if you haven't had many cards before). 

When I bought my car, they were happy to put the deposit on a card. and then also part of the balance payment because it counts as 2 separate transactions.  

Brie

Some dealers will accept credit cards but back street second hand shops are less likely to.  But you could apply for one to use to put a deposit down.  That could give you some protection should the car be a complete dud.

How does a credit card work? Martin Lewis

When can I use Section 75?

Section 75 can be used in most cases where you've paid using credit, and the product or service you bought must have cost more than £100, and less than £30,000. You're covered even if you only pay a deposit on your credit card, and pay the balance by other means.