ssj_kakarot
Member
Registered: 29th Apr 03
Location: hartlepool
User status: Offline
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lol what did you spend £4000 on?
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Brett
Premium Member
Registered: 16th Dec 02
Location: Manchester
User status: Offline
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Random stuff....Driving lessons/tests mostly at the time. Partying, games consoles, etc 
I mean, who in their right mind gives a guy just turned 18 a card with a £4k limit?
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RyanSxi
Member
Registered: 26th Jul 06
User status: Offline
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a bank who knows they will make profit lol
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I have one with a £350 limit. I only have it for when I'm abroad though, which is quite a lot 
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JadeM
Premium Member
Registered: 9th Feb 06
User status: Offline
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Ive had 2 & never used them so cut them up
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Dean_W
Member
Registered: 13th Dec 05
Location: Downham Market, Norfolk
User status: Offline
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Credit cards are for mugs IMO.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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You don't enderstand how useful they are if you are stuck with no cash in a strange country.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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i think they're good. just keep on top of the balance. i got an egg one (at 18) and they send you a text every week with your balance. I basically use it all the time as a debit card (effectively). Never spend more than I have to pay it off.
I could just have a debit card instead but I get cashback on everything I buy and a piddly bit of interest from the bank as money stays in longer.
Oooh, and you get more rights buying stuff on a Credit Card rather than a DC.
edit - has a £1000 limit too
[Edited on 01-09-2006 by aPk]
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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My MBNA card has a credit limit of 8.5K and a balance of about £600 at the moment..
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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I only use mine as a last resort, and as I have no pin for it thats very rarely!
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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quote:
Originally posted by Dean_W
Credit cards are for mugs IMO.
No, people with no brains shouldn't have them.
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WATSON
Member
Registered: 16th Jun 05
Location: Fife, Scotland
User status: Offline
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Have NONE and will stay that way
If you dont have the cash then dont bother thats all i say
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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I agree, I only use mine for internet etc were its gauranteed.
[Edited on 01-09-2006 by Marc]
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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I have four, but I'm sensible with them...
Lloyds TSB Gold: £8,500 limit, card not activated, balance £0.00
Mint Standard: £4,500 limit, card not activated, balance £0.00
Halifax One: £4,800 limit, card not activated, balance £800 (balance transfer, 0% interest until February 2007)
Barclaycard: £5,300 limit, card activated (petrol, online-purchases, etc), balance £485
I never use any of them as a cash-card, I only keep one card activated at any one time (with one of the deactivated cards as a balance-transfer "store" to chip away at), and I don't impulse-buy anything stupid...
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mav
Member
Registered: 19th Jun 01
Location: Scotland
User status: Offline
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quote:
Originally posted by Marc
quote:
Originally posted by Dean_W
Credit cards are for mugs IMO.
No, people with no brains shouldn't have them.
spot on marc...
thats a stupid thing to say Dean ...
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John
Member
Registered: 30th Jun 03
User status: Offline
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I have a Morgan Stanley cashback card.
I buy everything on it and get cashback.
No matter how little it is it's still better than nothing.
Paid off in full by direct debit every month.
I'd say the mug was the person not getting cashback.
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STEvieXE
Member
Registered: 21st Jan 03
Location: Ballymena N.I.
User status: Offline
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a debit card is a more sensible idea imo. i have one with a simple overdraft of 100 notes. never gives me ne hassle, perfect for buying online, those o shit, no cash situations etc etc
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Dan B
Member
Registered: 25th Feb 01
User status: Offline
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quote:
Originally posted by John
I have a Morgan Stanley cashback card.
I buy everything on it and get cashback.
No matter how little it is it's still better than nothing.
Paid off in full by direct debit every month.
I'd say the mug was the person not getting cashback.
My credit cards aren't cash-cards, they have large interest-rates for withdrawing cash through them......plus, I have a debit card with a £1,000 overdraft that I haven't been into for about 6 years. Please explain why you think I'm a mug.
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Rob R
Member
Registered: 31st May 03
Location: Kent
User status: Offline
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I have got a barclaycard with £850 limit on it, not much in this day and age but is still annoying knowing you still have to pay it off.
I also had a debit card with a £1200 overdfraft then i was constantly in. Paid it off now and was a relieving feeling knowing i no longer owed them money and that my bank balance no longer has a minus sign in front of it.
If your sensible with it, e.g. getting one with a 12 month interest free period and sticking car insurance on it can save you money but there is always the temptation of seeing something and thinking "i'll just stick it on plastic"
As said though they can help with your credit rating. Only if you stick a tenner on it a month and pay it off each month it's going to look good on your behalf and will help you later when you want to get a loan or mortgage.
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Andrew
Member
Registered: 5th May 04
Location: Skoda Octavia Estate, Ford Puma
User status: Offline
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I was looking at getting one but have a £1500 overdraft which i'm sitting at around £600 on. I pay it off but then something else comes along unexpected and i'm back in it  This summer everything has broke in the flat including the expensive things such as the washer and the back door fell to bits  That's knocked me back £800. Car insurance is due too which i'm going to have to pay monthly.
Kind of had to grow up where spending is involved.
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