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Need help to sort out credit card dilemma
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The hotel will accept bank transfers or cc I understand - I want the section 75 protection
I have debit cards that are fee free for over seas purchases - Virgin Money for example - so I am in a good position - but I understand that it is cc or bank transfer or a mixture of both for room payments.
If they accept mixed payment methods then paying anything, even theoretically a penny, on the credit card would secure the same s75 protection that you'd have if you paid the whole thing by CC…
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Unlikely, infact it will bring down your average credit limit.
Why don't you convert it to Barclays Rewards and that will then be forex free too plus a backup for Clarity?
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the opposite is true, new accounts generally match or better your highest limit, there is no downside to having as high a limit as you are able on all accounts
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Would the hotel accept part pay credit card, then bank transfer for the rest?
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Section 75 is nice but your first point of call should always be travel insurance. Trying to claim a holiday refund off the lender will take a long time and will always be subjective plus they will expect you to use travel insurance and industry schemes like ATOL protection long before they will consider a refund.
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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Maybe it's not possible to generalise. My most recent card (a couple of years old) has a £1000 limit. Another card has spontaneously increased limit twice in the last 12 months, from £2000 to over £5000
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Yes, I believe they will accept part and part. I was thinking about 0% credit card transfer so that I could pay off the hotel bill from my income rather than make a withdrawal from my ISA.
@Nasqueron Thanks I have travel insurance but still worth getting the section 75 cover too.
This is all new to me, but I'm finding everyone's suggestions really interesting. Thank you for taking the time to reply.
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As above, that's a generalisation - offered credit limits are based on risk assessment of total available credit at the time of application, plus a range of other factors, so there's no reason to assume that a new card would have a higher limit than an existing one, why would that be the case?
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Indeed, it's not been my experience at all, my highest has always been Barclays, something like £12k, I had roughly £2750 off Natwest, £6k off Tesco, £5k off HSBC etc all after. Indeed it's logical that based on the credit search, they might offer lower limits given your existing access to lots of credit
Sam Vimes' Boots Theory of Socioeconomic Unfairness:
People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.
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I can only speak from MASSIVE experience, and in the main, new accounts match or better existing limits .
Perhaps the market has changed a little bit, but that’s always been the norm to me
If you don’t have much experience in this field , you can always copy and paste something your ex wife’s third cousin twice removed said on Facebook 2 years ago, and as always add the caveat that scores are meaningless for good measure0
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