One of the things that I learned during the whole Park Central property buying process was that you are regularly asked for quite large amounts of money! Not only for the property purchase itself but for the various sundries that accompany it. Solicitors fees -£1200, Brokers fees £600, Furniture - £900, Blinds - £250 etc.
I decided that I would use my credit cards to extend the amount of time before I had to pay the money and so increase the amount of interest before I had to retrieve the money from my savings account. Then I came across the website run by Martin Lewis called www.moneysavingexpert.com Martin suggested a way to generate extra cash by getting 2 particular credit cards: MorganStanley (Mastercard) and Conran (Visa).
These are 2 of the best moneyback credit cards on the UK market today and should pay back between 0.5%-3% of your total credit card purchases. Its not a fortune but if you have to spend the money anyway why not get a couple of hundred pounds a year back for what you would have to have spent anyway!
Saturday, 3 February 2007
Getting paid for paying the bills
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