I’ve never really used my credit card much and if I do I always pay it off st the end of the month.
During a recent conversation with a friend she told me she puts money on her card each month and keeps it in credit and she then uses it to pay for things like Christmas, birthdays etc .
I’m just wondering if this is a better idea for small amounts of cash “left over” at the end of the month it would I be better off putting the money into a short term savings account ?
There is no such thing in Ireland. Its a UK law.Incidentally, I am not sure if purchases made with "credit" money comes under the guarantee scheme.
Yet again, the myth that won't die.Once an account is in credit, these purchases aren't technically made on credit and therefore might not qualify.
There is no such thing in Ireland. Its a UK law.
Not sure what "myth" you are referring to. Credit card chargeback exists in Ireland as well. https://www.ccpc.ie/consumers/shopping/disputed-card-transactions-chargeback/Yet again, the myth that won't die.
"Scheme" chargeback applies equally to both Debit and Credit cards. These are Visa / MasterCard rules, and have absolutely no legislative basis. They're a set of rules that all scheme members sign up to.Not sure what "myth" you are referring to. Credit card chargeback exists in Ireland as well.
For example?Like a lot of your posts you seem to be contradicting yourself
I didn't say chargeback had a legislative basis (this isn't the subject of the thread) just that it exists in Ireland too. The issue relevant to the thread is whether as per provider rules customers are eligible for chargeback even if their account is in credit at the time of the purchase."Scheme" chargeback applies equally to both Debit and Credit cards. These are Visa / MasterCard rules, and have absolutely no legislative basis. They're a set of rules that all scheme members sign up to.
There is an extra layer of protection in the UK through legislation (section 75), where the provider of credit (bank) also has a responsibility where goods are not supplied. The UK legislative protection applies only to credit.
I'll make this simple.The issue relevant to the thread is whether as per provider rules customers are eligible for chargeback even if their account is in credit at the time of the purchase
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?