Can I pay Pcp balloon by credit card?

[coljoh148]

Done a google search but all it surfaced was mums net gibberish.

I have an end of contract final payment due next month, less than 10k, now I have the money sat aside for this, however can anyone tell me am I able to pay this to the finance company by means of credit card?

Reasons for doing so simply, now there's no credit card fees, I have a cash back credit card with a big enough balance and promotion on purchases and interest on money in the bank - why the hell not!

Edited by coljoh148 on Saturday 28th April 09:24

[V8mate]

coljoh148 said:

Reasons for doing so simply, now there's no credit card fees, I have a cash back credit card with a big enough balance and promotion on purchases and interest on money in the bank - why the hell not!

There are still credit card fees. They just can't be passed on to the CC holder as a separate charge.

Why don't you call your finance provider and ask them?

[romeogolf]

Depends entirely on the finance provider as to whether they will accept a credit card payment. They can't charge a fee for it, but they can decline to accept it entirely.

I know Mercedes will only accept a debit card or bank transfer.

[coljoh148]

V8mate said:

There are still credit card fees. They just can't be passed on to the CC holder as a separate charge.

Why don't you call your finance provider and ask them?

Doesn't worry me if it cannot be passed down.

It's Saturday.

[coljoh148]

romeogolf said:

Depends entirely on the finance provider as to whether they will accept a credit card payment. They can't charge a fee for it, but they can decline to accept it entirely.

I know Mercedes will only accept a debit card or bank transfer.

Ok thanks I'll wait til next week and ask. I just wondered whether this was the norm or completely unheard of.

[Far Cough]

I`ll wager you will be charged a decent percentage for using a credit card. They just call them "Transaction Fees" or Admin fees now rather than Credit Card Fees.

[romeogolf]

Far Cough said:

I`ll wager you will be charged a decent percentage for using a credit card. They just call them "Transaction Fees" or Admin fees now rather than Credit Card Fees.

If they're charging an admin or transaction fee they need to charge it for all payment methods, they can no longer single-out credit cards.

[V8mate]

romeogolf said:

Far Cough said:

I`ll wager you will be charged a decent percentage for using a credit card. They just call them "Transaction Fees" or Admin fees now rather than Credit Card Fees.

If they're charging an admin or transaction fee they need to charge it for all payment methods, they can no longer single-out credit cards.

Any fees will have to have been stated in the original agreement. So on the matter of CCs for the final payment, they'll either suck the charges up or refuse that payment type.

[coljoh148]

Phoned the finance company this morning and credit card is not a problem, no additional fees.

Nice to know.