Credit Card Choice

Depends on the credit card company. It is unlikely you will get a first credit card that will give you a limit of 10K, it depends on how much you earn though I guess. My first limit was 1K, but they were happy to increase it when required. You can spend as much as you like, but if the spending pattern looks over the top or suspicious, you may need pre-authorisation.

Credit cards are an extremely expensive way to borrow money. If you can, you should pay off the bill in full by the due date each month. Commercial rate loans from banks are a better deal. Although there are cards out there that give you an interest free period or preferential rate as part of a special offer.

Not many cards do good deals on purchase insurance these days, but they are always changing - have a look at

I find these VG.

A lot of CC companies will not even consider increasing your limit within the first six months no matter how good your record is. Unless you have a very large salary I doubt you'd get near 10K quickly.

I thought he was talking about the protection given under the Consumer Credit Act which, of course, would apply to all credit cards. I would expect any "insurance" to be poor value.

If the OP has a mortgage then this should help his credit score.

Tesco or Sainsbury and at least earn points.

Sounds like you aren't mad on C-cards, except for the possible reimbursement if your kitchen fitter does a runner.

So why not take out any card, set up a DD to repay every month in full (it's easier than you think to forget...).

Then pre-pay anything above your approved limit, before buying the mega-bucks kitchen.

Or, if you're confident your supplier will honour the deal, you could try negotiating for 2% or 3% discount in return for not using the CC.

"Martin" wrote

Perhaps because some credit cards don't allow "pre-payment"? Their T&C say that they'll return any overpayments to your bank a/c!

"Martin" wrote

Or get the best of both worlds: pay just a small *deposit* on the CC,

Full section 75 protection via CC, *and* the discount!!

"Tim" wrote

Hi Tim

This does raise another point which I thought I had seen elsewhere. If I pay in part for the kitchen on the CC (say upto the allowed limit), do I get protection for the total consignment? Not that I'm complaining, but how does that work?

Thanks

Phil

As long as the total value of the contract is within the limits (over £100 and under £30,000) then you are covered even if you only pay a small part of the cost via credit.