Paying Movers
Reputable moving companies accept all major credit cards, and you should always pay for your move by credit card, not cash. This is because paying by credit card leaves physical evidence of the payment and gives you the option to cancel the payment if there is a problem, such as a dispute with your shipping company. We hope you don’t need to request a refund from your credit card company, but it gives you the opportunity to respond in the event of a serious dispute with your shipping company.
Professional movers accept all major credit cards and you should always pay your moving costs by credit card, not cash. Reliable moving companies will allow you to pay your deposit in any way convenient for you, so you should always choose a traceable payment method (credit card).
However, if the shipping company asks for a deposit when booking a move, or wants you to pay in cash after the move, things can get a little more complicated for you, it is likely that the company is not legitimate. Avoid them if you can.
The rule of thumb is that all long-distance moves usually require a 10% deposit. Larger local moves usually require a deposit equivalent to the fare of your truck.
Payment Methods
If you are paying by Cash on Delivery (COD), you will need to pay before the moving truck is unloaded, which means that once your moving company arrives at the new location, the driver will require payment before the moving company starts unloading your load from the vehicle.
Most cards charge a balance transfer fee – usually around 3% – which you may not want to pay. In other cases, the interest rate may expire prematurely due to one late or missed payment, and the resulting interest rate may be higher than your previous card. A card with an initial annual interest rate of 0% will not charge interest during the promotional period, which can last from 6 to 21 months after opening the account.2 If you get approved for a new credit card that does not charge interest for 12 months and use it to pay for your move, you will only need to pay the principal you borrowed if you pay in full within a 12 month period.
But it’s important to remember that you will have to repay the credit card, and there may be other fees, such as origination fees. You can still get bad credit and your interest rate will be higher if you fail to pay it back. The main benefit of moving with a personal loan is the interest rate.
Despite the potential danger of credit card debt, 29.6% of those surveyed said they paid for their move with a credit card, making it the second most popular payment method after cash. Flexible payment options are designed to make paying for moving services as easy as possible for you. Most movers accept payment for moving services in cash, electronic check, ACH, bank transfer, or credit card.
Moving companies with a good reputation accept a variety of payment methods such as cash, bank check, or credit card. Many well-known movers (national companies such as Allied and Mayflower) accept them, and if something goes wrong, you can dispute the payment through the credit provider. One of the easiest ways to finance your move is to go to a bank or credit union that you deal with regularly. It is possible that it will be cheaper to finance the move with him since he already has a professional history with you.
Great for paying for your move upfront, but not always possible. If you need to finance some or all of your moves, applying for a personal loan is one of the best options. With a moving loan, you can borrow the money you need to rent a truck, store your belongings, hire a professional mover, buy packing materials and get moving insurance. You can also pay your security deposit, first and last month’s rent, and other moving expenses in cash.
Moving Loans
If you don’t have the cash to pay for your moving expenses in advance, a moving loan can be a good option. A moving loan can be a good option to cover expenses if you are moving and don’t have the cash to pay your expenses in advance. Since most moving loans are issued with a fixed interest rate, you will be able to plan your monthly payments in advance. Finally, if the cost of the move is higher than you can bear on your credit card cycle, remember that if your credit rating is good enough, you can transfer your balance to the card at 0% per annum and pay the bill in six, 12, or even 18 months without while paying interest.
Your credit card doesn’t pack or move your stuff for you, but the perks that come with your card can make the task a little easier, or at least a little cheaper. It can help you use your credit card to turn big expenses you’d otherwise pay by check—moving, first and last month’s rent and security deposit, mortgage—into serious bonus points. For example, the Chase Sapphire Preferred card gives you 2x points on all travel expenses. If you rent a car for a move and use a major credit card to pay for it, you can opt-out of the insurance coverage offered by the rental company, which can save you about $30 a day.
That being said, if you’re responsible for your finances, using a credit card to pay movers is the best option, the second is personal loans or a relocation loan, that way you can save money later by building your credit history and increasing your credit score at the same time. Don’t use a higher interest rate to hire movers, by paying movers with cash payments or with a large deposit, you’ll run the risk of that company holding all the leverage if the move doesn’t go well.
