Originally posted by northernladuk
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Company Credit Cards
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And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster. -
Originally posted by b0redom View PostCoT isn't a credit card. It's a charge card - 0% fees on it. I did it last week.Comment
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Originally posted by JimC View PostThanks for that confirmation. So since the Gold Business AMEX is also a charge card, there's no fees either when paying on HMRC?
Technically, CoT is a prepaid card. It functions to you, the account holder, like a credit card in that you don't have to settle every month and will pay interest on any remaining balance. HMRC see it as a debit card when you use it to make a payment, hence the lack of fees.Comment
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Originally posted by ladymuck View PostHMRC doesn't take Amex
Technically, CoT is a prepaid card. It functions to you, the account holder, like a credit card in that you don't have to settle every month and will pay interest on any remaining balance. HMRC see it as a debit card when you use it to make a payment, hence the lack of fees.Comment
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Originally posted by JimC View Postthanks for the explanation @ladymuck. I see a few people asking for the AMEX gold business card, is that just for normal business expenses and to get the initial 20K reward points?
There is that service that allows you to pay anything with credit card and they pay the fee with a bank transfer but the charges don't really make it worth it. Nearly 3% last time I looked. I forget what it's called but it wasn't worth it.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostDepends on the reward levels of the card. It could still be worthwhile paying the charge if the rewards are actually worth more. If the charge is £150 and you get £200 cash back it's still worth it. Just have to work the figures out.
There is that service that allows you to pay anything with credit card and they pay the fee with a bank transfer but the charges don't really make it worth it. Nearly 3% last time I looked. I forget what it's called but it wasn't worth it.Comment
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Originally posted by JimC View Postthanks for the explanation @ladymuck. I see a few people asking for the AMEX gold business card, is that just for normal business expenses and to get the initial 20K reward points?Comment
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For thems looking to get the Capital On Tap card to earn Avios on fee-free HMRC payments, you may be disappointed to learn that "due to Brexit" they are changing the card to a Visa Credit Card from 31 October. This means that payments to HMRC will now incur fees.
New applicants will receive a Visa credit card. Existing account holders can use their Mastercard until 31 October, by which time you will have received the new Visa card.
All other account benefits remain the same.
I do have to ask why they didn't change the card in March...Comment
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Yeah I got that too.And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.Comment
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Originally posted by ladymuck View PostFor thems looking to get the Capital On Tap card to earn Avios on fee-free HMRC payments, you may be disappointed to learn that "due to Brexit" they are changing the card to a Visa Credit Card from 31 October. This means that payments to HMRC will now incur fees.
New applicants will receive a Visa credit card. Existing account holders can use their Mastercard until 31 October, by which time you will have received the new Visa card.
All other account benefits remain the same.
I do have to ask why they didn't change the card in March...
Was just about to sign-off and start using it for VAT payments. I won't bother now.
Working on getting the limits up on my Curve card ...Comment
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