- Joined
- 7 Jan 2010
- Messages
- 14,431
- Reaction score
- 4,516
- Country
Am I correct in thinking that if I pay just a percentage of the cost of a large item with a credit card, then the whole cost of the item is covered by the credit card company?
Credit card protection
- Thread starter Ihavenojob
- Start date
- Joined
- 31 May 2016
- Messages
- 27,941
- Reaction score
- 6,984
- Country
Consumer Credit Act 1974
An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the supply of goods on hire or hire-purchase, and their transactions, in place of the...
item priced between £100 - £30,000
Yes, even if you partially pay by credit card for an item you'll be covered, as long as it is over £100 and under £30k.
Something I have recently found out is that the protection is only for you. One example I suppose could be if you paid for an expensive sofa set for a family member and that sofa supplier went bankrupt I suppose the address for delivery would be the other persons house and so the CC company could argue it was not for you.Same as a holiday that you are not going on.
Correct.
I also found out the hard way when I bought a watch for my wife as a gift and it broke but retailer refused to repair under warranty.
Eventually I escalated to retail head office and got a replacement.
In the same incident I was also made aware that if the payment is processed via a third party (in my case it was called paywize or something similar) you're not covered.
I later found out that this is at least disputable because how would I know that the retailer is not taking money directly if not a little "powered by paywize" when I make payment on their website???
And what difference does it make to the credit card provider?
I researched the answers online and found that these are just lies from cc companies to avoid paying out.
Based on the above, if you make a claim you must say that the item is for your personal and exclusive use.
I also found out the hard way when I bought a watch for my wife as a gift and it broke but retailer refused to repair under warranty.
Eventually I escalated to retail head office and got a replacement.
In the same incident I was also made aware that if the payment is processed via a third party (in my case it was called paywize or something similar) you're not covered.
I later found out that this is at least disputable because how would I know that the retailer is not taking money directly if not a little "powered by paywize" when I make payment on their website???
And what difference does it make to the credit card provider?
I researched the answers online and found that these are just lies from cc companies to avoid paying out.
Based on the above, if you make a claim you must say that the item is for your personal and exclusive use.
I suppose unless you said it was for the wife then they would not and could not prove it was not for you, that's why I tried to give examples of something that really could not be for you.
I also thought that if it went through 3rd parties then it was not covered like if the payment attached you your paypal was a credit card so paypal is the 3rd party.
- Joined
- 7 Jan 2010
- Messages
- 14,431
- Reaction score
- 4,516
- Country
It's for my daughter's wedding venue.
Then I do not think you are covered. Get some wedding insurance, hotels are being paid millions to cancel everything and take on asylum seekers instead or just go into receivership having not recovered from covid shut downs. Just google "wedding venue closed".
You won't be covered.
She could pay with her credit card and you pay it off?
Or, she could pay £101 with her credit card and you'll pay the rest.
Good plan. Just so long as she has a credit card and I think perhaps not which is why Dad is using his --- maybe
I think that is another rule people do not know -- you dont have to pay the £101 you can pay £5 just so long as the full amount will be over £100 for the service / product.
Someone needs to fact check that one though to make sure
Thought I'd tag onto this thread and not start a new one.
I've got a new chase credit card to use when I go to Florida in July, I've got the money so don't need credit so should I load the money onto the credit card if that's even possible or pay it off when I get back or just use my debit card?
I feel more protected using a credit card abroad although this will be my first time I usually just use my debit.
First time credit card user as you can probably tell
I've got a new chase credit card to use when I go to Florida in July, I've got the money so don't need credit so should I load the money onto the credit card if that's even possible or pay it off when I get back or just use my debit card?
I feel more protected using a credit card abroad although this will be my first time I usually just use my debit.
First time credit card user as you can probably tell
Thought I'd tag onto this thread and not start a new one.
I've got a new chase credit card to use when I go to Florida in July, I've got the money so don't need credit so should I load the money onto the credit card if that's even possible or pay it off when I get back or just use my debit card?
I feel more protected using a credit card abroad although this will be my first time I usually just use my debit.
First time credit card user as you can probably tell
Just pay it off when you get back, if you clear your cc balance at the end of each month then you'll avoid paying interest.
You might have an introductory deal that gives you interest free spending for a limited time.
If you can login using your phone or app, then check your spending every couple of days to make sure it all tallies up.
Depends. You might be charged for overseas spending on your debit card. Probably best to check the terms.Thanks
And would you use the credit card over a debit card?
Arr yes, I won't get charged with the chase credit card....and it gives 15 month interest free, seems a long time.
