I've got seven credit cards, I'm about to buy a new washer dryer and oven and hob on one, at the end of the month I'll balance transfer it on to a new one or an existing one thats got 0% on balance transfers, then I'll transfer it to my egg one which I know will do the same in April. All the time I'll be saving up ready to pay it off, which I will before I get charged interest. I'll save it in a high interest account and pay the credit card only when I have enough and need to. And the other six are clear.
annoyed!
- Thread starter mrskitty
- Start date
madmal_1 said:
Mal, You do not get the same consumer protection with a debit card as you do with a credit card. e.g. Those who paid Tiny for Plasmas/PC's etc on a credit card get their cash back. Those that paid on debit card don't, its that simple.
If you are buying anything over £100 get it on a credit card. Even if you do as some others have mentioned and put the money on the card first. If there is anyting wrong with it then it is the credit cards problem to get the money back not yours.
Ian
Credit cards can actually be a good way of saving money. If you buy somethng with a credit card you don't actually pay for it until the bill comes so provided you pay the full amount it doesn't cost you interest but the money has been in your bank account earning you interest between the date of purchase and the date of statement.
Why not get a credit card, but leave it with a trusted friend? That way, you can't spend money for the sake of it, or impulse buy, but you have it if the boiler breaks down in the depths of winter, or if you want to go travelling. I use a debit card for most things, on the basis that if I can't pay cash for it, I can't afford it. There is a BIG temptation to spend too much (that dress that you HAVE TO HAVE for that party, etc), so if you are inclined to overspend, either don't have one, or leave it with a friend.
entwisi said:
Thanks for that entwisi, yes i am living proof of the time/tiny situation we paid on debit card and so are not covered if we had paid on credit card we could have got the money back it pays to take note any purchase over £100 is best paid by credit card instead of cash/cheque/debit card.