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Buying a bathroom - If I paid a deposit by credit card will the whole transaction be covered if the vendor goes bust?

5 replies

Rumbledore · 25/09/2018 20:13

Hi - Am I right in thinking that because I've paid a deposit by credit card, and the remainder by bank transfer, the total amount is covered by the credit card company in the event the seller goes bust?

I seem to remember Martin Lewis saying this!

OP posts:
confusedmomm · 25/09/2018 20:21

I believe that to be correct yes.

Rumbledore · 25/09/2018 20:35

Thank you 😀

OP posts:
Muddlingalongalone · 25/09/2018 20:41

Yes but only for 90 or 100 days I forget which from the initial transaction date iirc

Rumbledore · 25/09/2018 20:51

Ahh I've found this - no mention of a time limit, which is good for me..
www.moneysupermarket.com/credit-cards/guide-to-credit-card-protection/

OP posts:
Muddlingalongalone · 25/09/2018 23:41

Perfect!

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