Transferring money from a CC as a 'payment' ?

OCdude

OCdude

OCdude

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I'm thinking of getting my garden sorted and was hoping to pay the bloke using my credit card. Turns out he can't take credit card payments :'(

I checked my credit card and the APR for cash advances (what this would be classed as) is hilarious.... so I was wondering if there was a way to make the payment, but for it to also be deemed a standard 'purchase' ?

Was thinking Paypal... but I'm not sure if you can specifically select a card when you make a payment can you? Doesn't it use your default bank account first, then your backup card?!

I'll check with the card company on Monday, but thought i'd ask here in the meantime :D

Cheers!
 
If the guy wants cash or bank transfer then there's not much you can do. If you don't have the cash in your bank account then you can either withdraw it from an ATM using your card and pay through the ass for the privilege, or borrow it from someone.

You can send PayPal payments from your credit card, but I would assume you'd have to cover the guys PayPal fees if he's even happy to accept PayPal.
 
Could try using paypal to send it to a friend so it goes into their bank account and ask them to withdraw it?

Not sure if there's still limits on what you can withdraw a day though.
 
robfosters said:
Can you not get an MBNA card?

They allow you to transfer money from your card to your bank account interest free for a year or so. Or, you could get a good balance transfer card. Take the money from your current card, then transfer the balance to your new one.

https://www.mbna.co.uk/compare-credit-cards/money-transfer-credit-cards/mbna/
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Ohhh that looks good! Interesting how they say "up to 24 months", does that mean it's based on your credit rating, or are the just implying you can have 0% up to 24 months? lol

Didn't even realise such cards existed tbh. I've been using comparethemarket and I didn't see that kind of deal mentioned
 
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OCdude said:
Ohhh that looks good! Interesting how they say "up to 24 months", does that mean it's based on your credit rating, or are the just implying you can have 0% up to 24 months? lol

Didn't even realise such cards existed tbh. I've been using comparethemarket and I didn't see that kind of deal mentioned
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I got one for my dad recently. He's got an average rating and is retired so his income is only around £10k. They gave him a £1700 limit, with 14 months interest free on money transfers and 18 months on balance transfers. You can do an eligibility check without affecting your credit rating. I've used it twice and it's been accurate regarding acceptance both times.
 
robfosters said:
I got one for my dad recently. He's got an average rating and is retired so his income is only around £10k. They gave him a £1700 limit, with 14 months interest free on money transfers and 18 months on balance transfers. You can do an eligibility check without affecting your credit rating. I've used it twice and it's been accurate regarding acceptance both times.
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Just going through it now.

When it asks "How much are you looking to transfer? (£):" is that referring to how much of a balance you're transferring over to the card, or how much you'd like to transfer to your bank account?

I'm assuming the former :P
 
OCdude said:
Just going through it now.

When it asks "How much are you looking to transfer? (£):" is that referring to how much of a balance you're transferring over to the card, or how much you'd like to transfer to your bank account?

I'm assuming the former :P
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How much you want to balance transfer.
 
robfosters said:
How much you want to balance transfer.
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Ah yeah, they asked about bank transfers during the later steps.

Well, I guess i'll wait and see if they will humour the amount i want to transfer :o

EDIT: Oh okay so I immediately got the reply... sorted!

Thanks Rob :D
 
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That doesn't seem to solve your original issue though - You just applied to move the balance from one card to another, no?

So you still don't have the means to pay the tax avoiding gardener in cash.....

Or did you take it out the balance transfer and put it in the cash bit later?
 
Unless your gardener is removing a man-size hungry venus fly trap and you don't need the legal hassle of having local children disappearing into it then I can't help but thinking using an introductory offer on a credit card to pay them is just covering up a bigger issue.
 
The man hasn't asked for people to poke their nose into his finances. It's his choice what he does, he's just asking us for advice on how he can do it.
 
know anyone that accepts CC payments through their business?


might be worth asking some self employed friends/family what their fees are for CC payments. we've been asked about this a few times in the past so your not alone in having a massive difference in interest rates between cash advance and purchase
 
233 said:
know anyone that accepts CC payments through their business?


might be worth asking some self employed friends/family what their fees are for CC payments. we've been asked about this a few times in the past so your not alone in having a massive difference in interest rates between cash advance and purchase
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Card transactions are cheaper for business to handle than paying cash in over a counter at the bank. It's usually 1% - 1.5% for a credit card, less for a debit card. AMEX cards I believe are usually more expensive, which is why some places wont take them. Cash paid in at the bank is usually around 1.5%, so its at the more expensive end. Most of these tradespeople wont use cards because it stops them from being able to skim off half their profits to avoid paying tax.
 
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