Post by bisdu on Mar 30, 2015 14:07:37 GMT 1
I think I know the answer to this, but would like a second opinion please, as i find percentages can be a bit tricky.
In a couple of months we are off to the US for 3 months. Got the tickets but still lots of things I would still to pay for in advance of the trip, and loads when I get there.
So the question is.....If the oustanding sum is lets say hypothetically $10000 (dollars) - what is the best way to pay?
When I initially priced up the trip, the € - $ rate(then 0.77) meant that sum would translate to €7700 euros)- now the Euro is struggling (0.93 today) and has increased this to €9300.
This money was intended to come out of a deposit account already in France so this is a real increase.
My question is - as the pound is keeping on level pegging with the dollar, would it be cheaper for me to pay with my (UK registered)AMEX card and pay it back over 18 months with pounds from my UK account at a rate of 22%apr
and I would still get interest(a pittance)on the money in France
In a couple of months we are off to the US for 3 months. Got the tickets but still lots of things I would still to pay for in advance of the trip, and loads when I get there.
So the question is.....If the oustanding sum is lets say hypothetically $10000 (dollars) - what is the best way to pay?
When I initially priced up the trip, the € - $ rate(then 0.77) meant that sum would translate to €7700 euros)- now the Euro is struggling (0.93 today) and has increased this to €9300.
This money was intended to come out of a deposit account already in France so this is a real increase.
My question is - as the pound is keeping on level pegging with the dollar, would it be cheaper for me to pay with my (UK registered)AMEX card and pay it back over 18 months with pounds from my UK account at a rate of 22%apr
and I would still get interest(a pittance)on the money in France
- however I'm sure we have maths wizzards here who can work out the answer.