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Author Loans, Credit cards?
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 15:51   View User's Profile U2U Member Reply With Quote

Im looking for around £2K, been to my local bank Halifax and the intrest rate was shocking...

Was thinking what companies offer Credit cards for like X amount with 6 months interest free credit again
John
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Registered: 30th Jun 03
User status: Offline
4th Nov 08 at 15:52   View User's Profile U2U Member Reply With Quote

Posts in geek day and house day not enough?
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 15:57   View User's Profile U2U Member Reply With Quote

Nope, was looking for a quick response
Ojc
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Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
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4th Nov 08 at 15:58   View User's Profile U2U Member Reply With Quote

Ask a family member? 2k isn't a lot of money really, not worth borrowing that amount from a bank the interest rate will be stupid for such a small amount.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 16:09   View User's Profile U2U Member Reply With Quote

Yeah, true..

So far, had a quick browse on the net and Abbey looks good at 7.9%
James
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Registered: 1st Jun 02
Location: Surrey
User status: Offline
4th Nov 08 at 16:11   View User's Profile U2U Member Reply With Quote

Get a 0% CC then do a balance transfer to another 0% CC when it ends and keep doing it.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 16:56   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by James
Get a 0% CC then do a balance transfer to another 0% CC when it ends and keep doing it.
Any links on any good 0% CC's?
pow
Premium Member

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Registered: 11th Sep 06
User status: Offline
4th Nov 08 at 16:57   View Garage View User's Profile U2U Member Reply With Quote

use moneysupermarket.com to find a good one.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 17:02   View User's Profile U2U Member Reply With Quote

I tried but confused on what im looking for on this page:

http://www.moneysupermarket.com/cards/
Twiggy
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Registered: 15th Oct 04
User status: Offline
4th Nov 08 at 17:35   View User's Profile U2U Member Reply With Quote

http://uk.virginmoney.com/virgin/credit-cards-v3/

job done
and they do transfers to bank accounts!
gtitim
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Registered: 13th Feb 05
Location: the boonies
User status: Offline
4th Nov 08 at 17:51   View User's Profile U2U Member Reply With Quote

Egg have 0% on at the moment too.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 22:29   View User's Profile U2U Member Reply With Quote

Just been looking at a few sites, whats the difference between balance transfer and purchases

As im looking into 0% rates on cards, if im looking to get the cash into my account do i need to be looking at 0% rate on transfers or purchases or both?
CorsAsh
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Registered: 19th Apr 02
Location: Munich
User status: Offline
4th Nov 08 at 22:30   View User's Profile U2U Member Reply With Quote

Balance transfer is when you move the debt from one loan/credit card to another.

Purchases are just that, new purchases and therefore new debts.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 22:49   View User's Profile U2U Member Reply With Quote

So if i want a credit card and want the cash, is it easier to transfer or just withdraw!?! (sorry new to all this)
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
4th Nov 08 at 22:50   View User's Profile U2U Member Reply With Quote

Some cards, not all cards, allow balance transfers to current accounts.

This means you get £xxxx.xx paid into your current account, which you can withdraw as cash, free of charge. But that £xxxx.xx is then put onto the credit card, classed as a balance transfer. They normally charge about 2.9% for the privilege.

NEVER use you credit card for cash at a cash point. It isn't classed as a purchase or balance transfer, you get charged for the privilege then a higher rate of interest.

[Edited on 04-11-2008 by deano87]
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 22:52   View User's Profile U2U Member Reply With Quote

i was looking at this and was confused about "intro purchases" does that mean how long i got to pay it off at 0%

http://www.money.co.uk/credit-cards/0-purchases-credit-cards.htm?page=1
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
4th Nov 08 at 22:54   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by Dione J
i was looking at this and was confused about "intro purchases" does that mean how long i got to pay it off at 0%

http://www.money.co.uk/credit-cards/0-purchases-credit-cards.htm?page=1

Essentially, yes.

However, it isn't each purchase, it's just the first 6 months of the account opening. Therefore if you open a card in Januaray, you have until June on 0% purchases. If you make a purchase in April, you only have until June on interest free, not 6 months after April.

Barclaycard on balance transfers are doing a rate of 6.9% for the life of the amount on the card. This is very low - naturally, any purchases made are at a higher interest, which will probably offset this.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 23:02   View User's Profile U2U Member Reply With Quote

OK, how does this one sound?

http://www.halifax.co.uk/creditcards/allinone_ros.asp
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
4th Nov 08 at 23:06   View User's Profile U2U Member Reply With Quote

Is only 0% on balance transfers if you do it in 90 days.

The Tesco Clubcard Credit card has 0% on balance transfers for 14 months (until 2010).

Totally depends whether they balance transfer to current accounts, as I don't think all do. Virgin does, as I've had to do it once.

Isn't the car you were looking at in a garage?! get a 0% purchase card in that case.
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 23:13   View User's Profile U2U Member Reply With Quote

I dont quite understand how the Virgin one works!!

http://uk.virginmoney.com/virgin/credit-cards-v3/
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
4th Nov 08 at 23:15   View User's Profile U2U Member Reply With Quote

You have to make the balance transfer in 60 days to get the 0% deal. tbh 60 days is quite a while

[Edited on 04-11-2008 by deano87]
Dione J
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Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 23:17   View User's Profile U2U Member Reply With Quote

Yeah but i want it instantly so how would long before the 0% runs out?
deano87
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Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
4th Nov 08 at 23:23   View User's Profile U2U Member Reply With Quote

How do you mean? If you balance transfer to the Virgin card within 60 days, that amount will be 0% on the credit card for 16 months. You will be charged the 2.9% fee or what ever it is.

You do the balance transfer to your current account by logging into your account on the Virgin website.

Once the money from Virgin is in your current account, you can do what you like with it, Virgin won't care. What they will care about is that you keep up with the minimum repayments on the balance on the card etc.
Dione J
Member

Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
4th Nov 08 at 23:29   View User's Profile U2U Member Reply With Quote

So, if i apply for a virgin card and pay off X amount within the 16 months I dont pay nothing extra (apart from the 2.9% fee)
Twiggy
Member

Registered: 15th Oct 04
User status: Offline
5th Nov 08 at 08:02   View User's Profile U2U Member Reply With Quote

for the love of god!

if you cant undersrtand the about i dont think its wise to get a credit card imo!

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