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Author Topic: What Credit Card?  (Read 1930 times)

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Nickbat

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Re: What Credit Card?
« Reply #15 on: 31 August 2009, 17:16:27 »

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Lloyds/Amex Duo Plus card gives you Air Miles. Surprising how soon you can pick up enough to get a flight.  :y

http://www.lloydstsb.com/credit_cards/airmiles_duo.asp

Yes did look at amex, father tunnie used to have one. Trouble is not a lot of places take it.

Mate has had problems with mastercard too, so has to be Visa  :(

That's why they give you two cards. I fill up at Shell, with their Drivers Club and pay using the Duo Card and get double Air Miles...same at Tescos.  :y

Never had a problem with Mastercard acceptance.  :y
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jereboam

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Re: What Credit Card?
« Reply #16 on: 31 August 2009, 17:19:05 »

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I need to keep better track of my finances with my new job, as i can claim for basically everything, lunch, dinner, fuel.... i want to be able to keep my business claims separate from my personal spending.


Doubt it... :(

I have the expenses documentation here, and yes i can  ;)

I am contracting for a temporary position.

I'm inclined to believe that those items are only allowable for temporary assignment away from your regular place of employment

But I could well be completely wrong - if so, I've missed out on 20 years of meal claims.  You can usually claim your fuel as a business expense, and recover the VAT, together with a load of other stuff (accountancy fees, for example) and you can get (limited,reasonable) hotel expenses if you stay away from home, but I think you'll be very lucky if the tax office allows your food.

And "temporary" tends to be a very poorly defined term - less than 6 months is temporary, more than 2 years isn't.  Anything in between is arguable.

There are loads of variations in the interpretation of the rules/guidelines - I really would advise you to talk to an accountant.
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tunnie

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Re: What Credit Card?
« Reply #17 on: 31 August 2009, 17:27:13 »

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Quote
I need to keep better track of my finances with my new job, as i can claim for basically everything, lunch, dinner, fuel.... i want to be able to keep my business claims separate from my personal spending.


Doubt it... :(

I have the expenses documentation here, and yes i can  ;)

I am contracting for a temporary position.

I'm inclined to believe that those items are only allowable for temporary assignment away from your regular place of employment

But I could well be completely wrong - if so, I've missed out on 20 years of meal claims.  You can usually claim your fuel as a business expense, and recover the VAT, together with a load of other stuff (accountancy fees, for example) and you can get (limited,reasonable) hotel expenses if you stay away from home, but I think you'll be very lucky if the tax office allows your food.

And "temporary" tends to be a very poorly defined term - less than 6 months is temporary, more than 2 years isn't.  Anything in between is arguable.

There are loads of variations in the interpretation of the rules/guidelines - I really would advise you to talk to an accountant.

I went the umbrella route rather than self employed, much easier to setup.

I am 'employed' by the umbrella agency, and get paid PAYE, and according to their expenses documentation, i can claim for fuel to any 'temporary' work place where the contract is less than 24 months long.

Mine is 3 month rolling, so i double checked with them twice i could claim for fuel.

Also says if the place of work (temp or perm) is more than 2.5 miles from home i can claim £9.50 for lunch, and if i leave the temp/perm work place after 6:30pm (which i will be) i can claim £18.50 for dinner.

So if i get things right, i won't have to pay to get to work, or eat there, or eat at home  ;D
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I_want_an_Omega

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Re: What Credit Card?
« Reply #18 on: 31 August 2009, 17:34:26 »

Hi,

I used a Shell card for business expenses only. You get cashback as a small % on the total monthly spend and there is a reasonable introductory offer period which gives a double cash back.

The other good one to go for is Holiday Inn's own credit card, if you stay over a lot then you get double points.

Regards
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jereboam

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Re: What Credit Card?
« Reply #19 on: 31 August 2009, 17:45:13 »

Quote
Quote
Quote
Quote
Quote
I need to keep better track of my finances with my new job, as i can claim for basically everything, lunch, dinner, fuel.... i want to be able to keep my business claims separate from my personal spending.


Doubt it... :(

I have the expenses documentation here, and yes i can  ;)

I am contracting for a temporary position.

I'm inclined to believe that those items are only allowable for temporary assignment away from your regular place of employment

But I could well be completely wrong - if so, I've missed out on 20 years of meal claims.  You can usually claim your fuel as a business expense, and recover the VAT, together with a load of other stuff (accountancy fees, for example) and you can get (limited,reasonable) hotel expenses if you stay away from home, but I think you'll be very lucky if the tax office allows your food.

And "temporary" tends to be a very poorly defined term - less than 6 months is temporary, more than 2 years isn't.  Anything in between is arguable.

There are loads of variations in the interpretation of the rules/guidelines - I really would advise you to talk to an accountant.

I went the umbrella route rather than self employed, much easier to setup.

I am 'employed' by the umbrella agency, and get paid PAYE, and according to their expenses documentation, i can claim for fuel to any 'temporary' work place where the contract is less than 24 months long.

Mine is 3 month rolling, so i double checked with them twice i could claim for fuel.

Also says if the place of work (temp or perm) is more than 2.5 miles from home i can claim £9.50 for lunch, and if i leave the temp/perm work place after 6:30pm (which i will be) i can claim £18.50 for dinner.

So if i get things right, i won't have to pay to get to work, or eat there, or eat at home  ;D

My apologies - you did say you were using an umbrella company somewhere else - I forgot.  That means that the expenses policy has nothing to do with the local tax office and my earlier comments don't apply.  All the expenses you get paid will have to be declared on the P11D form at the end of the tax year, but I haven't got a clue about how this works and how you actually pay the tax on it, so I will now shut up completely and not contribute a further word to this discussion.
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tunnie

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Re: What Credit Card?
« Reply #20 on: 31 August 2009, 17:48:06 »

no worries!

Its most likely that this contract will only run 6 months, then go to perm, which they have put on the table for me.

So umbrella was the best route for me, and also get things moving quickly with the new role.

This way the agency can worry about all the tax rules, and i can go on there nice simple documentation  :D
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Plomien

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Re: What Credit Card?
« Reply #21 on: 31 August 2009, 17:51:21 »

Why not see what your bank card is offering?
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TheBoy

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Re: What Credit Card?
« Reply #22 on: 31 August 2009, 17:54:53 »

Or go via cashbackkings (use the link in my sig ;)) and see what cashback you get for signing up a credit card ::)
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STMO999

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Re: What Credit Card?
« Reply #23 on: 31 August 2009, 18:08:41 »

If you.re not worried about APR or cashbacks or all that cr*p, then go for the one with the longest interest free period between purchase and payment. Cant really see how it will make much difference if you pay in full each month.
I suppose the credit limit could be another factor.
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willyboy

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Re: What Credit Card?
« Reply #24 on: 31 August 2009, 20:06:43 »

Marks & Spencers Money  there card suits me fine & wifey too get points for prizes  etc etc ............
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I_want_an_Omega

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Re: What Credit Card?
« Reply #25 on: 01 September 2009, 11:05:22 »

Further to my last posting, Citi Shell have just written to me and advised that WEF 1st October they will be reducing the Shell cash back from 3% of the monthly spend down to 1% of the monthly spend.

Not quite as much of an incentive now is it?

 :-/
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tunnie

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Re: What Credit Card?
« Reply #26 on: 01 September 2009, 11:14:14 »

just took out a play.com credit card.

Get 1,500 points for first purchases, then its £1 a point, 500 points = £5 off voucher, will do me for now, it won't get used that much as i am a tight git  ;D
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