O/T Credit Card

[Azzacat]

Hi some advise please, i am not a big fan of credit card and to be honest i rearly use mine, however is it possible to say buy a car from a private seller with one, i have 12 months 0% intrest at the moment and with my travel expences i can clear the card in 4/5 months so i would like to be able to pay "Joe Blogs" 6 grand into his bank account

I can withdraw cash on it but that is at a unwanted premium

Thanks

[Willow]

I don't know for sure, but I wouldn't have thought you could pay a private seller directly with a credit card.

Do you/does he have a paypal account? You could pay via that method and it would then charge to your card. You'd have to pay extra for the paypal fees though.

[stu999]

Some credit card companies will issue credit card cheques. You write it as normal, but your card account is debited instead. Look carefully on the charges though.

[Azzacat]

Ahh interesting, I never thought of PAYPAL need to asess he charges

[Willow]

I'm not sure what the paypal charges are - I think possibly around 1%, but not sure if there's an upper limit to that, otherwise it would end up costing £60 which would probably defeat the whole object.

It may be cheaper to go with Stu's suggestion of credit card cheque?

[studbuckle]

Talk to the credit card company. They'll be happy to help i'm sure

[JeffC]

you wont be able to pay via card to a private seller, I dont have facilities to take cards and asked at the bank if the buyer could pay with their card into my account if I took them to the bank but they said not.. My neighbour has a machine to take card but im sure it costs him on the transaction.. Paypal will be the same  

[Bean]

When I bought my runaround I arranged a temporary large overdraft with my bank, I paid the seller via bankers draft and transferred my overdraft to a zero percent credit card.

The temporary overdraft cost me less than £20, I then paid the credit card off and incurred no interest.  

[Liam]

When I bought my runaround I arranged a temporary large overdraft with my bank, I paid the seller via bankers draft and transferred my overdraft to a zero percent credit card.

The temporary overdraft cost me less than £20, I then paid the credit card off and incurred no interest.  

Yep. That's the one.

If you use your credit card/credit cheques it's goung to cost you whatever your apr is. You would be far better off with a short term bank loan.