Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Using a credit card to buy a house

Options
  • 08-08-2013 5:59pm
    #1
    Fondu
    Registered Users Posts: 76 ✭✭


    Hi Guys,

    I know its a bt strange but i was wondering is it possible to use a credit card to buy a house?

    Im joined Ulsterbank and they operate a loyalty card system so for every euro you spend, you get one point. I know its petty ,but i could easily get a few hundred euro worth of voucher for dunnes.

    My solicitor told me that they could only do electronic transfer. Can you use an credit card for this.

    My plan would be to transfer x amount of money in when i need to complete the purchase.

    I know its mad but its still an extra few hundred


Comments

  • Options
    #2
    ct5amr2ig1nfhp
    Closed Accounts Posts: 5,019 ✭✭✭ct5amr2ig1nfhp


    Have a read of the T&C's of the Loyalty Card System. I'm sure Ulsterbank have a limit on the number of points you can earn in one transaction.


  • Options
    #3
    Cuddlesworth
    Registered Users Posts: 13,981 ✭✭✭✭Cuddlesworth


    Credit card charges are anywhere from 2% to 8% of the purchase. I'm sure the seller would choose to not complete the sale via card with this in mind.


  • Options
    #4
    col.in.Cr
    Closed Accounts Posts: 511 ✭✭✭col.in.Cr


    Might work for one of these babies though
    http://www.ebay.com/itm/Great-Looking-Single-Family-Home-in-Flint-Michigan-Great-ROI-3-bed-1-Bath-/141030889455?pt=Residential&hash=item20d61897ef


  • Options
    #5
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,912 Mod ✭✭✭✭L1011


    Not a hope in hell.

    Nobody is going to take the transaction hit, estate agent isn't going to have a merchant account. Solicitor might have a merchant account, but see the first issue - they're not going to take the transaction hit.

    The only reason UB can offer points is that they charge the merchant significantly more than what you're getting back in fees to process the transaction.


Advertisement