How much is on your credit card?

[Lummox]

£0

haven't got one.

 

[Dmack]

paid off £646 this month so nothing.... however they have noticed that i have been spending more and have increased my allowance to £4000..... ********

 

[Skyrunner]

Less than last year but only just, need to start making some seriously payments!

 

[Aeleys]

paid off £646 this month so nothing.... however they have noticed that i have been spending more and have increased my allowance to £4000..... ********

How do they calculate this?

i have never had one, and i often get letters saying i can have 6,8k+

??? are they just seeing if i bite? which would never happen anyway, just curious

 

[Deleted member 77746]

0 I don't own a credit card.

 

[Hatter The Mad]

£7000 on one and £6000 on another, both interest free for quite some time

 

[piggeh]

£739. Might pay it off soon, though I quite like to pretend I actually have some savings built up!

 

[no_1_dave]

Nice will look into it

I'm going to be using it for general day to day stuff, what's your thoughts on this?

If I made this into my own thread would I get slated lol?

And is setting it up so it pays off everyone month as easy as setting up a Direct Debit/Standing order with my bank?

Yea day to day stuff, or use it like a fuel card and only buy petrol with it then clear it at the end of the month. Anything like that, as long as you do clear it every month it will build your credit rating up. Setting up a direct debit is easy. You just ask them to take the full amount each month & sign the direct debit mandate.

 

[SideWinder]

Does your credit rating only go up if you clear the WHOLE debt?

 

[El Jimben]

Does your credit rating only go up if you clear the WHOLE debt?

No.

 

[The Halk]

£23K. 22K at 0%, 1K at 3.9% for life of balance.

 

[Lunatic Dreyfus]

£450 (all car related) and interest free for another year.

Trouble is another 500 will be going on it on Saturday. Car's do like to hit your wallet nice and hard (and unexpectedly).

I don't like having a credit card though, but they do seem to be a necessary evil.

 

[Pawnless Endgame]

£0, I use it a lot but fully pay it each month.

Yeah this. Mine is set up for direct debit so that it clears every month. For me, it's just a way of borrowing money for a few weeks. Currently got about £40 on it.

 

[Curio]

Just cleared ours, which feels really nice. Was hovering between 1k and 2k for a while, but the wife (freelancer) just got paid for a big job and we decided to just pay it all off.

 

[ColourPurple]

£0 outstanding. I pay for practically all purchases by a credit card and clear all balances before the due date.

 

[Seft]

About £1000, paid off in full every month. Earns me lots of lovely cashback.

 

[[TW]Fox]

£700 I think, a couple of hotels for next month and 2 tyres on it at the moment. The direct debit clears it in full each month and I've only just had my billing date for it.

 

[[FnG]magnolia]

$7,500 but it's paid in full every month.

 

[dfarrall]

£0, it's still in the post

Managed to get a 0% for 15 months.
Not bad considering I'm only 20, a student and this is my first card. Only other credit Iv had is car insurance

 

[Philtor]

I pay mine off as I use it but rarely more than £100 outstanding on it these days.