Is it worth the hassle?

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Comments

  • Norscbu
    Norscbu Posts: 176 Forumite
    hugo15 wrote: »
    I've decided to take a punt and buy premium bonds with the money on the credit card. Will just cash them in when the card needs repaying. At worst I'll make nothing and I might win something.

    Is this still possible? To directly buy premium bonds with a CC at the post office?
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    Norscbu wrote: »
    Is this still possible? To directly buy premium bonds with a CC at the post office?
    Was it ever? I don't think it was.
  • TheShape
    TheShape Posts: 1,779 Forumite
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    hugo15 wrote: »
    I've decided to take a punt and buy premium bonds with the money on the credit card. Will just cash them in when the card needs repaying. At worst I'll make nothing and I might win something.
    Norscbu wrote: »
    Is this still possible? To directly buy premium bonds with a CC at the post office?

    I would think it more likely that the cash which could have been used to repay the CC was instead used to buy Premium Bonds.
  • Norscbu
    Norscbu Posts: 176 Forumite
    TheShape wrote: »
    I would think it more likely that the cash which could have been used to repay the CC was instead used to buy Premium Bonds.

    That's not how I read it, also there is a couple of threads from several years back where people bought premium bonds on CC at the post office.
  • Username!_2
    Username!_2 Posts: 7 Forumite
    I don`t think it`s possible
  • swindiff
    swindiff Posts: 864 Forumite
    Name Dropper First Anniversary First Post Newshound!
    Even with the reduced interest rates as a couple we are making just over £2k a year from £66k in various current and savings accounts. £52k of that is stoozed on Credit cards. Thats an average of 3.16%. So for me definitely worth it, will pay for our holidays each year :)
  • MallyGirl
    MallyGirl Posts: 6,617 Senior Ambassador
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    Something similar here. Mortgage is down to under £20k, have £35k so far in 5% or 6% accounts and £51k on 0% cards. In the next few months we will have cleared the mortgage and be looking at where else to earn interest.
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  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    Just got another £9k from lloyds fee free for 2years. No problems finding a home for it ��
  • caveman38
    caveman38 Posts: 1,297 Forumite
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    I am still curious as to what card you guys are using as your "Mule" card - if you would like to share info. Cheers.
  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
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    caveman38 wrote: »
    I am still curious as to what card you guys are using as your "Mule" card - if you would like to share info. Cheers.
    The answer is absolutely any MBNA card. The +ve balance refund possibility is not dependent on a particular card...based on the numerous MBNA cards mentioned in all the threads you've asked this question on.

    One poster (again on a thread you've asked this question on) has said Barclaycard and Halifax also do it.
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