Also, BURN those credit cheques they send you ... they are purely given to push you into debt and check the balance transfer offers ... a transaction fee of 3% for a 6 month interest free period, is effectively a 6% loan - DON'T BE FOOLED.
Student Credit Card
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lols at people who still have no debit card - I got a solo card from Bank of Scotland when I was 11.
Still no credit cards of my own here, I've got one tied to my Mum's account or something with a massive limit (for me anyway) but it's for emergencies only and I've never used it.
I just use my visa debit card for everything. If I don't have money for something (interest free student overdrafts count as money) I won't buy it.
Still no credit cards of my own here, I've got one tied to my Mum's account or something with a massive limit (for me anyway) but it's for emergencies only and I've never used it.
I just use my visa debit card for everything. If I don't have money for something (interest free student overdrafts count as money) I won't buy it.
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I do find that weird too, HSBC had some kind of deal with our school to come in once a week and allow people to set up accounts. Most people did it for a free football or such, but it's interesting to see the high amount of friends now that still hold their main account with them, had it since the age of 11.
As a student with no income I'd suggest applying for a card with a maximum of £250. It can be too tempting to spend on them.
Not really. Despite the fact that moving accounts around a lot can yield a lot of benefits, people rarely do it. Banks go out of their way to make it hard for you to move your account.
I just opened another one at NatWest at the same time. I agree it's a good marketing ploy, most people I know wouldn't know where to start with moving accounts.
Depends on your self control... I've got no worries having £x of credit available in my wallet, doesn't mean I'm going to use it.
(I'm a student with no income)
Caporegime
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I've actually just applied for Alliance & Leicester's Premier 21 account.
Got a reply from HSBC today. Same old rejection letter. 
Totally confused as to what I'm meant to do to get an account in there. I wouldn't mind switching to another bank (As I simply need a debit card) but I can't think of many more hoops I could possibly jump through. I know a person to come from a slightly lower credit rated area (than my last application) and they have had a debit card since they were 16, yet I'm 20 and can't get one.
Maybe if I was Portuguese or Polish they would give me one quicker.
Totally confused as to what I'm meant to do to get an account in there. I wouldn't mind switching to another bank (As I simply need a debit card) but I can't think of many more hoops I could possibly jump through. I know a person to come from a slightly lower credit rated area (than my last application) and they have had a debit card since they were 16, yet I'm 20 and can't get one.
Maybe if I was Portuguese or Polish they would give me one quicker.
The fact that you have no income is going to make it difficult for you to get a credit card. For some reason I got rejected for a HSBC credit card also even though I have a good income, student loan, and earn more per month than I spend (they asked figures over the phone). Yet a Barclaycard stall can easily dish out credit cards to me with minimal information LOL. When I want a credit card, they don't give me one. When I don't want a credit card, they give me one anyway. Typical. Don't apply for another credit card anywhere else for at least 3 months because if you get rejected again, it will just hamper your rating. Try moving to another bank if HSBC won't budge.
Still haven't got this resolved but I looked for some help from the moneysavingexpert forums and was asked if I was on the Electoral Register.
Thinking about it, I don't think I am. I'm hoping/assuming this is the thing I'm missing, as I'm now applying for it, but does anyone in the know [or with common sense of these situations] think that may be the reason?
Note I'm only looking a debit card contrary to the title.
Thinking about it, I don't think I am. I'm hoping/assuming this is the thing I'm missing, as I'm now applying for it, but does anyone in the know [or with common sense of these situations] think that may be the reason?
Note I'm only looking a debit card contrary to the title.
^^^
credit cards are a much more efficient way of paying for goods services than debit cards tbh....
So what if some people can't use them properly - tis the same thing with free banking/current accounts - the charges are incurred by people who can't stick to the rules leaving the sensible people with free banking.
I quite like my free current account & free credit from my credit card and I'm pretty chuffed that the system is setup in such a way.
Credit cards are great when you know how to use them. Obviously if you cant use them responsibly, then they can really hit you hard.
I've always been conservative in the way I use my money, hence, credit cards allow me to actually make money.
I've always been conservative in the way I use my money, hence, credit cards allow me to actually make money.
This.
I mean even if your parents are giving you a load of cash to spend at uni don't you feel bad taking it? I'd feel terrible taking money off my parents knowing I could be paying my own way.
Just apply round everywhere you can, you're bound to slip through the net somewhere.
And afaik hsbc don't do a card which isn't a debit card and they also do student accounts. Therefore you should be able to get a bank account.
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I got my first credit card as soon as I turned 18 and was still in sixth form.
I have never made a late payment, and always pay in full - that's 6 years' use.
It is definitely worth getting to get protection on payments over £100 and freedom to use more places, which is the reason I got one. Twice, I have had pc companies go bust, yet the credit card company paid for external warranties worth £100s.
My only recommendation, which I have learnt from experience, is to get one with cashback or additional benefits. I think I'm tending towards an cashback Amex if it's free.
I have never made a late payment, and always pay in full - that's 6 years' use.
It is definitely worth getting to get protection on payments over £100 and freedom to use more places, which is the reason I got one. Twice, I have had pc companies go bust, yet the credit card company paid for external warranties worth £100s.
My only recommendation, which I have learnt from experience, is to get one with cashback or additional benefits. I think I'm tending towards an cashback Amex if it's free.
I got a Maestro/Solo combo card at 15, without any sort of income. odd.
No I don't, because they're not doing that.
I've also stated several times since making the thread (or 3 posts before your quoted post) that a debit card is what I'm after and not a credit card as such.
ive had a current account with hsbc for a few years and its a solo card, im going to uni this sept and they are changing me to a student account maestro card, i start with £500 overdraft and i think it goes up by £500 each year.
they seem an alright bank, but the offers i get for having the student account dont seem that great.
but which bank actually has the best student account? im not to fussed about having £1000 overdraft or something stupid as i dont plan on using it
they seem an alright bank, but the offers i get for having the student account dont seem that great.
but which bank actually has the best student account? im not to fussed about having £1000 overdraft or something stupid as i dont plan on using it
Where do you get cash from if you have no job then?
I put mascara on and become 'Dirty Sheila' when its required.
Or sometimes I just get a loan.
HBOS - because of their huge free overdraft, seriously, if you're not going to use it, just get the £2750 overdraft and stick £2000 in a savings account or ISA.
Unless you get some really bad savings account you're going to get more interest than any current account.