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Credit Card or Finance

Last post Fri, Feb 01 2008, 10:59 AM by dylanuk. 3 replies.
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  •  Wed, Jan 16 2008, 9:16 AM

    Credit Card or Finance

    Please Help!

    I want to buy a laptop, but don't want to shell out the money in one go! Would it be better to get another credit card? Pay it off monthly, rather than take out a finance package with shop selling me the goods?

    Regards,

    JaseMan

    • Post Points: 20
  •  Fri, Feb 01 2008, 10:29 AM

    Re: Credit Card or Finance

    The best thing to do is try and get a 0% purchase credit card, the longest one seems to be with HSBC who are offering 12-months at 0% for new purchases.

    Just use it for your laptop (avoid any cash withdrawals as these won't be included in the 0% deal) and then you can spread the repayments over the next year.

    There aren't any fees at all, so as long as you stick to the best way of using the card (see guide above to save my fingers!) and get the balance repaid within the 0% period (up to 12 months) you won't have to pay an extra penny for spreading the cost.

    You'll also get the added protection of paying by credit card too! Just make sure the place you buy from doesn't charge a credit card payment fee! Any of the big places like PC World, etc.. won't, but smaller independent places might do - so make sure you ask.

    Note: This post has been moderated. Please ensure you read the moneysupermarket.com User Community Standards and Terms of Service before posting. Thanks.

    • Post Points: 20
  •  Fri, Feb 01 2008, 10:51 AM

    Re: Credit Card or Finance

    Dylanuk,

    Many Thanks for your advice

    Jaseman

    • Post Points: 20
  •  Fri, Feb 01 2008, 10:59 AM

    Re: Credit Card or Finance

    No worries, hope it helps!
    • Post Points: 5