Banks still giving away free money?

[northernladuk]

I guess you could buy something on CC e.g. a car and then transfer it to Nationwide - that's free money when you take into account inflation.

It's more than likely you will get charged 5% for using a credit card. The seller will get charged that by Visa so he isn't going to swallow it.

[d000hg]

I guess you could buy something on CC e.g. a car and then transfer it to Nationwide - that's free money when you take into account inflation.

Fair point, if you have another card with the spare capacity this would be cheaper than opening a CC to take all the money out as a loan.
More risky though, in case you suddenly find you can't get approved for the new CC after putting 10k on one which isn't 0%

[doodab]

Fair point, if you have another card with the spare capacity this would be cheaper than opening a CC to take all the money out as a loan.
More risky though, in case you suddenly find you can't get approved for the new CC after putting 10k on one which isn't 0%

The sensible approach would be to wait for the 0% balance transfer one to be approved before spending the money on the other card.

If you have several cards it's a useful trick for managing cashflow. When I moved back to the UK from Germany I was fairly skint so I put almost all of my spending on a CC and transferred it to another 0% one. It cost the 3% transfer fee or whatever but that enabled me to stockpile cash for the warchest very quickly.

[Ticktock]

It's more than likely you will get charged 5% for using a credit card. The seller will get charged that by Visa so he isn't going to swallow it.

I bought my car on my credit card and didn't get charged any extra. Even worse for the seller, I did it in 3 separate transactions - deposit followed by the balance in 2 halves, clearing the card off in between each payment. The only reason I did that was because I wanted the rewards from the spend on the credit card, rather than just handing cash over / doing a bank transfer.

[d000hg]

It's more than likely you will get charged 5% for using a credit card. The seller will get charged that by Visa so he isn't going to swallow it.

Hmm. Other than councils and online booking fees, the only places I see charging a premium for CC payments are crappy shops like £-stretcher. Is that where you do all your shopping NL?