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Corsa Sport » Message Board » Off Day » House Day » credit card or loan? » Post Reply
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BlueCorsa |
posted on 18th Oct 06 at 06:01 |
Yeah Jules is right - some credit cards (not all) allow you to do a 'balance transfer' to your current account to 'pay off your overdraft' (just tell them that's what it's for...). That way you get the 0% balance transfer deal (though now most charge a 2% etc. fee). | |
Matt H |
posted on 17th Oct 06 at 21:36 |
Not sure about that, I just know its a silly rate if you withdrae cash from the machine! | |
Jules S |
posted on 17th Oct 06 at 21:34 |
quote: Its always been my understanding (from some mates who play credit cards for a living) that you ring your credit card provider up and request funds are transfered directly into your bank account. Hence 'credit transfer' and the rates they provide. Im happy to be proved wrong. | |
Matt H |
posted on 17th Oct 06 at 21:31 |
Yes but you'd need to withdraw cash & you'll pay about 29% interest on that | |
Jules S |
posted on 17th Oct 06 at 21:28 |
My mistake (I dont have a credit card BTW...always the best way) | |
Matt H |
posted on 17th Oct 06 at 21:08 |
quote: Capital one charge these same as cash withdrawls! | |
Nath |
posted on 17th Oct 06 at 21:03 |
quote: Virgin do 'credit cheques'. No idea how they work or if they incorporate the 0%. | |
Jules S |
posted on 17th Oct 06 at 21:03 |
How can a bank loan be the best bet when most credit cards do 0% on credit transfers? | |
Matt H |
posted on 17th Oct 06 at 21:00 |
quote: Bank loan then (y) Some have a penalty for if you close it early (IE when you sell your car) Shop around, it can really pay off! | |
Nath |
posted on 17th Oct 06 at 21:00 |
quote: It was about 1 month ago. | |
Matt H |
posted on 17th Oct 06 at 20:59 |
quote: You sure? | |
bieransri |
posted on 17th Oct 06 at 20:56 |
yes is private sale | |
Matt H |
posted on 17th Oct 06 at 20:49 |
Where are you buying the car from? A garge or private sale? | |
Nath |
posted on 17th Oct 06 at 20:48 |
0% option on some credit cards, 12 months with Virgin at the moment. | |
bieransri |
posted on 17th Oct 06 at 20:45 |
want to get he funds to buy a new motor, only about £2000 best option. need it quite soon, would be paid off mostly when my car has sold. whats the best option? :boggle: bearing in mind im 18 and a loan seems a bit daunting:o |