pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Twiggy got it in one. If you don't understand it, you shouldn't be applying for one...
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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i work for a credit card company and you get them calling in, thinking they know what there doing then when it goes pete thong and they cant afford the payments etc...
I think there should be a test to see if you are mentally ok to take out a card!
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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I just pay mine off, every month without fail...
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Daniel_Corsa
Premium Member
Registered: 21st Apr 04
Location: Wigton, Cumbria
User status: Offline
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quote:
Originally posted by Twiggy
for the love of god!
if you cant undersrtand the about i dont think its wise to get a credit card imo!
Good call
April '06' Corsasport Feature Car  | Aug '08' Total Vauxhall Feature Car | Spring '09' Fast Car Feature Car
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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quote:
Originally posted by pow
I just pay mine off, every month without fail...
boooooo
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Yeah, I'm a credit card companys worse nightmare - I take all the rebate and pay everything off in full
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Twiggy
Member
Registered: 15th Oct 04
User status: Offline
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aparantly we do get a cut of the transaction fee though
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Your alright then. Citi must hate me
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Dione J
Member
Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
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quote:
Originally posted by Twiggy
for the love of god!
if you cant undersrtand the about i dont think its wise to get a credit card imo!
I understand the basics of how they work, but what im trying to do is work how to take advantage of the 0% rebate and what would be the best option for me as I want to use that to its advantage and as said pay it all off before that term/offer runs out 
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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0% rebate?
0% on BALANCE TRANSFERS mean that you can transfer the balance from one credit card to this one for no fee from this company. The company you are transfering it from MIGHT charge.
0% Interest Free means if you buy something on it and DON'T pay it off in full, you won't get any interest on that over the free period. You have to make the minimum (or upwards any amount) payment every month though.
You cannot draw chas from a chas machine using a credit card - well, you can, BUT its about a 25% charge. Draw £100, costs you £125 on the bill.
[Edited on 05-11-2008 by pow]
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stubbsy05
Member
Registered: 23rd Oct 02
User status: Offline
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www.moneysavingexpert.co.uk
Go there - really useful
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Dione J
Member
Registered: 22nd Sep 04
Location: West Midlands Drives: Leon Cupra Turbo
User status: Offline
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quote:
Originally posted by pow
0% rebate?
0% on BALANCE TRANSFERS mean that you can transfer the balance from one credit card to this one for no fee from this company. The company you are transfering it from MIGHT charge.
0% Interest Free means if you buy something on it and DON'T pay it off in full, you won't get any interest on that over the free period. You have to make the minimum (or upwards any amount) payment every month though.
You cannot draw chas from a chas machine using a credit card - well, you can, BUT its about a 25% charge. Draw £100, costs you £125 on the bill.
[Edited on 05-11-2008 by pow]
 Thanks, it makes sense now. I think I wa getting confusing with the balance transfer part 
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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