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Started by Avonlea on Jan 29, 2022 11:09:26 PM
Help me figure this out (buying a car and credit card logistics)

Conundrum in post #1.

Avonlea - 29 Jan 2022 23:09:32 (#1 of 46)

We saw a car today we'd like to buy. For various logistical reasons, it would be great if we could pay for it outright and collect it tomorrow. We have the necessary cash in easily-accessed savings.

I'd prefer to pay for it by credit card to benefit from additional protection. I have a £5k limit on one card, and a £10k limit on another. The car is about £12k, so I can't pay for it all on either one, and will need to split it between two.

I am only certain of the PIN for one of those cards (the £5k one). We barely use either in ordinary life and I rarely need the PIN for the £10k one, as I've used it for online shopping only. The PIN would take 3 days or so to reach me by post.

The chances are that I could guess the 'missing' PIN. I have a handful of 4-digit numbers that I cycle through, but if I guess wrong too often, the bank will freeze it.

I feel like there's a way through this, I just can't put my finger on it. (If we cannot buy it tomorrow, it's not a disaster, just a pain in the arse). Any good ideas?

fogger - 29 Jan 2022 23:11:22 (#2 of 46)

If you split the payment over two cards how does that give you additional protection?

fogger - 29 Jan 2022 23:12:07 (#3 of 46)

I'd go online and see if you can up the limit on the 10k card.

Verdigris - 29 Jan 2022 23:15:34 (#4 of 46)

You only have to pay over £100 to get Section whatever protection, IIRC.

Avonlea - 29 Jan 2022 23:16:05 (#5 of 46)

That would only get me so far, as I mightn't have the PIN for the £10k card. But that would mean I didn't have to split the payments, certainly.

Not sure that Bank A will let me up my limit from £5k to £12k in one go, and I don't think it's an option to do it online, but calling them tomorrow morning might be worth a try.

fogger - 29 Jan 2022 23:17:05 (#6 of 46)

But wouldn't you only he getting protection on half a car?

ArriveAlive - 29 Jan 2022 23:24:08 (#7 of 46)

A few years ago I was able to phone up my credit card issuer and get an instant increase on my card's credit limit to ensure some upcoming biggish spends would be able to go through. Admittedly the old and new limits were about half of what you're looking at with your purchase.

The person on the phone told me that when they submitted the request to the system one of three things would happen:

1. it would say "yes" to my suggested new limit

2. it would authorise a new limit a bit less than what I had requested

3. it might say "no"

In the end, I think it came back with for option 2. which was still a high enough limit for my needs.

As fogger suggests, I'd give them a call and see what they can do. The only spanner in the works is if the telephone or online identification system security process requires you to enter any digits from your PIN - which you say you're not sure of.

Avonlea - 29 Jan 2022 23:24:25 (#8 of 46)

Verdigris, thank you. That is so helpful. As you and MSE say:

A trick to help – pay the deposit by credit card and you're covered for the whole cost of an item or service

The law's specific on this, you get the protection for the whole cost of an item or service, even if you only pay for a part of it – even just 1p would count – on credit. The only condition is that what you're buying costs more than £100 and less than £30,000. Therefore if you want protection: as long as it costs more than £100, pay for even a fraction on a credit card and you're protected.

So if I pay the first few thousand on the credit card I can use, and the rest on my debit card, that should be ok.

Gigi76 - 30 Jan 2022 07:39:29 (#9 of 46)

If there's a handy cash point, test your pin guesses on that (stopping at 2 wrong guesses!) to see if get it right. And if you do, get an uplift on that card to pay it in one go.

Gigi76 - 30 Jan 2022 07:39:56 (#10 of 46)

Otherwise, yes your split would work.

indlovubill - 30 Jan 2022 08:51:54 (#11 of 46)

Why do you need the PIN? Pay over the phone, or go into the dealership and ask them to pretend you're on the phone.

Tagyourit - 30 Jan 2022 09:01:27 (#12 of 46)

What Bill said.

tasselhoff - 30 Jan 2022 10:03:55 (#13 of 46)

Not something one reads every day.

Tenesmus - 30 Jan 2022 10:29:28 (#14 of 46)

A shopkeeper can confirm, but I believe they need a separate arrangement with their banky-card-machine people for over the phone payments without PIN, and may not have such an arrangement (which is typically for mail orders, and they don't tend to post motor vehicles to you).

InternationalVicar - 30 Jan 2022 10:34:20 (#15 of 46)

Presume it's a dealer, so have you asked them?

Nobody buys a whole car on credit card.

Deposit on credit card, balance transferred shortly.

Sign the papers, everyone happy.

indlovubill - 30 Jan 2022 10:34:21 (#16 of 46)

The only place you need the PIN is when you are using a card machine, you don't use your PIN for mail order.

Tenesmus - 30 Jan 2022 10:40:42 (#17 of 46)

Yes, that's what I said, fucknuts.

Nobody buys a whole car on credit card.

I did.

indlovubill - 30 Jan 2022 10:48:23 (#18 of 46)

Yes, that's what I said, fucknuts.

No it isn't, fuckwit.

Tenesmus - 30 Jan 2022 10:29:28 ( #14 of 17)

but I believe they need a separate arrangement with their banky-card-machine people for over the phone payments without PIN,

There's no such thing as over the phone payments with a PIN.

helbel - 30 Jan 2022 10:48:36 (#19 of 46)

Me too. Twice. Possibly I buy cheaper cars than InternationalVicar.

I have bought glasses on a virtual credit card in store with the shop assistant processing the transaction as “customer not present” to get around the fact it was a virtual card. So no PIN needed.

Tenesmus - 30 Jan 2022 10:50:35 (#20 of 46)

There's no such thing as over the phone payments with a PIN.

I didn't say there was, dickwad.

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