Best 0% Credit card out at the mo

DJMK4 · 29 Sep 2009 at 12:20

I need to purchase car insurance and it works out a lot cheaper if I do the deed with a 0% credit card, I currently have an egg card with £400 which is maxed out.

Ill probably need around £500 to cover my insurance cost. Tesco credit card currently have a 0% on purchases for 12 months at the mo which looks to be the best offer.

Any others in the pipeline?

Need a quick reply as I need to apply ASAP

DJMK4 · 29 Sep 2009 at 12:33

0% credit card is the way forward for things like these, iv done the research. Works out a lot cheaper. Im just looking at the tesco credit card, 0 % on purchases for 12 months.

DJMK4 · 29 Sep 2009 at 13:32

Tesco's it is then

DJMK4 · 29 Sep 2009 at 14:46

Hmmm, tried a few 0% credit cards, and with the online applications they dont seem to be offering me a card

it says the decision was made based on the scoring on my application on the website (not credit rating).

I dont get it, im living with parents, im 25, income is £18k per annum, i also have another 2k or so income per annum yet it still refusing me, been in job over 1.5 years, lived at my home address for over 8 years.

DJMK4 · 29 Sep 2009 at 14:49

platypus said:
Be careful about applying to a few. Every time you apply and get rejected it goes on your credit report.

How am i supposed to find one that will accept me if i cant apply for a few :confused:

Seems like bit of a dull idea to me.

DJMK4 · 29 Sep 2009 at 14:52

anticonscience said:
Yes but how much else do you have on credit?

£500 on egg card, about £20 on a store card.

Does bank overdraft count as valid credit when applying for credit cards?

DJMK4 · 29 Sep 2009 at 14:55

anticonscience said:
So your Egg card is over it's limit. I don't think overdrafts count as valid credit either.

No, egg card limit is £550.

So they can give you a second card?

DJMK4 · 29 Sep 2009 at 15:03

Im not being funny on the critisism. But can I stress this card is for paying for my car insurance, which will be like £450 anyway.

When this has been paid for up front, the card will be payed off every month, just as I would if I bought my car insurance on monthly payments, only difference is ill be saving a lot more money if I pay it all in one payment as I wont be getting charged interest every month for the pleasure of credit from the insurance company, also no deposit up front, which suits me better.