John
Member
Registered: 30th Jun 03
User status: Offline
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Barclaycard for one.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Egg still do 1% but theres a monthly fee of £1 I think. If you only spend small amounts the fee will outweigh the benefit.
Better for long standing customers (like me) who don't pay the monthly charge.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
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Random question but I've just got my credit card bill come through, I've got 0% on it atm can I just pay a certain amount this month and the rest next month and not get any charges?
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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As long as it is 0% on purchases (ie stuff you've bought with it) then yes, just pay over the minimum payment
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I bought some jeans with my card from Gap at the weekend. Mainly because it looks the same as my debit card and says Visa on it still. I get confused.
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Mertin
Member
Registered: 12th Oct 05
Location: Scotland
User status: Offline
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quote:
Originally posted by ed
I bought some jeans with my card from Gap at the weekend. Mainly because it looks the same as my debit card and says Visa on it still. I get confused.
Just dont do it at cash machines or you'll get a cash advance charge likely
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ed
Member
Registered: 10th Sep 03
User status: Offline
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That would be annoying! I think it warns you of the charge though if you try as I've done a cash advance once before in the olden days...
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16vKarlos
Member
Registered: 27th Oct 07
User status: Offline
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Clearing the balance off every month is not a good thing to do... Banks and mortgage lenders like to see that you have been in debt before and that you pay it off over a period of time. Just like you would in a mortgage situation.
Clearing the balance before you get ' this month your minimum payment is £29.50' is a bad thing as you are not actually putting yourself in debt at anytime, as the balance is only due on a set date each month.
Always pay more than your minimum payment, you guys all seem like you have a bit of money to spare each month so rather than paying £30 each month for a £3000 debt, pay as much as you can.. Never the full amount though.
If for instance you can pay £400 off but next month you won't be able to pay anything as you would be hard up. Pay £200 in each month. That way you have paid the same amount but you have not missed a payment date.
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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quote:
Originally posted by 16vKarlos
Clearing the balance off every month is not a good thing to do... Banks and mortgage lenders like to see that you have been in debt before and that you pay it off over a period of time. Just like you would in a mortgage situation.
Clearing the balance before you get ' this month your minimum payment is £29.50' is a bad thing as you are not actually putting yourself in debt at anytime, as the balance is only due on a set date each month.
Always pay more than your minimum payment, you guys all seem like you have a bit of money to spare each month so rather than paying £30 each month for a £3000 debt, pay as much as you can.. Never the full amount though.
If for instance you can pay £400 off but next month you won't be able to pay anything as you would be hard up. Pay £200 in each month. That way you have paid the same amount but you have not missed a payment date.
I've always paid my credit card off in full every month and had no issues getting a mortgage.
If you look at your credit rating/score does it not just show as a green mark that you haven't defaulted rather than how much you have paid/owe each month?
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John
Member
Registered: 30th Jun 03
User status: Offline
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Agreed, that's complete bollocks.
I always pay off in full (unless I've got an interest free card for something) and have absolutely no problem getting any form of credit.
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Rob_Quads
Member
Registered: 29th Mar 01
Location: southampton
User status: Offline
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3rded
Paying it off in full is a very GOOD demonstration that you can manage your finances and this is what morgage companies look for.
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Jamie Walby
Member
Registered: 15th Nov 04
User status: Offline
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I dropped a bollock with my credit card, thought it was 0% for 12 months, so purchased a few things. Was actually only 0% for 3months  So I havent got all the money put to one side to clear it all. Hey ho nearly all gone now
[Edited on 11-12-2010 by Jamie Walby]
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by A2H GO
quote:
Originally posted by pow
As it stands I don't owe a penny to anyone person or any bank/credit card!
The joys of pre-mortgage living. I'm 24 and owe over £150k to various financial providers.
same here
hate looking at my online account and seeing it 157k in the red and 2k on the credit card
credit card is 0% for 12 months though, and after that i'll be getting a tesco 0% credit card.
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AlunJ
Member
Registered: 3rd Apr 07
Location: Newport
User status: Offline
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thank god I don't have an online account showing me my mortgage I get depressed enough looking at my credit card online
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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As of pay day in Feb I'll be car credit card debt free 
Then just paying off the TV but that is a proper luxury so I don't mind 
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ed
Member
Registered: 10th Sep 03
User status: Offline
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I bought a shirt on my credit card the other day 
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jacko198
Member
Registered: 1st Mar 07
Location: Buckinghamshire
User status: Offline
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Ive just got a credit card, only got a £200 limit as its the only one i could get. (Orange fooked up my billing between contracts so i didnt have credit going back over a year, which i did!)
I just use it for petrol etc etc, pay the minumum a month and pay it off when i have some £
1st step on the credit ladder for me
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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If you're going to use one clear it in full, always.
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Xs
Member
Registered: 12th Apr 02
Location: Lanarkshire
User status: Offline
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quote:
Originally posted by AndyKent
If you're going to use one clear it in full, always.
If I have the money to pay something in full I would just use my debit card or cash though.
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John
Member
Registered: 30th Jun 03
User status: Offline
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Only needs cleared if it's not interest free, as has been said already in the thread, some of us use a cashback credit card for everything instead of debit/cash, these need cleared in full.
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Mase
Premium Member
Registered: 16th Sep 01
Location: Derbyshire
User status: Offline
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I use my tesco card for most things, specifically fuel from Tesco.... I have just put most Christmas things on there and a small addition of some Dreamscience software to re-map the Focus 
Oh well, interest free, so may aswell make some use of it!
Mase
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Xs
Member
Registered: 12th Apr 02
Location: Lanarkshire
User status: Offline
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quote:
Originally posted by John
Only needs cleared if it's not interest free
I don't see why everyone is saying they need to be cleared? As long as someone is making payment, regardless of the card being interest free or not then it cannot reflect bad on your rating. 
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Pop
Member
Registered: 8th May 03
Location: Reading
User status: Offline
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quote:
Originally posted by Xs
quote:
Originally posted by AndyKent
If you're going to use one clear it in full, always.
If I have the money to pay something in full I would just use my debit card or cash though.
Why? Get a CC which gives you points/cashback and benefit even more from buying stuff you can afford to pay off in full.
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John
Member
Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by Xs
quote:
Originally posted by John
Only needs cleared if it's not interest free
I don't see why everyone is saying they need to be cleared? As long as someone is making payment, regardless of the card being interest free or not then it cannot reflect bad on your rating.
It doesn't, you'll be paying interest though in which case there should be better solution than a credit card.
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Hammer
Member
Registered: 11th Feb 04
User status: Offline
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Don't let John kid you on.
The only thing he uses his credit card for is chapping out the lines.
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