Credit Card Protection

[bednobs]

Hi I am renovating my house, and having lots of Bills for things. I had to put a deposit down on some materials this week, which is in the region of £10,000.

I took the money out of my bank account and paid the supplier the deposit. And then I thought to myself should I have done it by a credit card to get the protection needed. Is there a way of rectifying it now for instance by paying a bit more by credit card and having the whole lot covered? I seem to have in my head that if you pay at least £100 of the bill with a credit card, the whole transaction is covered is that right?

[ubasses]

correct. Check here   https://www.experian.co.uk/consumer/credit-cards/guides/section-75-protection.html

[Old_Geezer]

Wow, that's very generous of them. Cheap insurance. Next time I'm buying another £5,000,000 country mansion I must remember to put £100 of it on the card.

[Peter Pedant]

ubasses - thanks - nice to see you posting

[barry1010]

It covers up to £30000 but it must be part of the same transaction. So yes, paying the next instalment of £101 by credit card will protect the whole transaction.

That is why cash is not always king

[bednobs]

the next installment will be the final payment.  

 

[barry1010]

🙂

[bednobs]

Barry I don't understand your all in the same transaction commentt.

Do you mean that if I used a credit card for the next payment the 1st amount of payment Wouldn't be coveredEven though They are part of the same contract

[barry1010]

No, I used the wrong word. You will be covered

[bednobs]

thanks chuck