How much is on your credit card?

About £3.5k on my Amex, I put everything on there for the points, as it's a charge card it has to be settled in full every month.

£0 on my Barclaycard, very very rarely use it, I only keep it for the odd places that don't take American Express
 
A few hundred from lasts months purchases to be paid off when I next login to banking.


I see it as foolish to not put all purchases on a credit card (especially when online).
 
About 1k when I port my OcUK finance over to it. Interest free until this time next year, even then it's only 10%. I think it's a pretty good card for a 22 year old. It's a nationwide CC (who I have my bank with). Hoping to be pretty much debt free by the end of the year.

But... I do fancy a new cpu and motherboard :D
 
Mine has about £50 on it, I have a CC just for keeping my credit level good and to buy things which has added protection, like flights in the summer. If the company I booked my flights with goes bust, I lose my money if I use my debit card, but credit card is protected.

This includes electrical goods too etc....
 
About £1500 at the moment, but that'll go in a couple of months. Had to do a few internet purchases (I don't like using my Debit Card) such as foreign travel and a few bits and bobs. Don't like clocking up the credit card, and normally I only use it as much as I can afford to pay off in 1 month. However, I accepted that I'd have to clock it up a little and just pay it off a few months - it's manageable though and not an unwieldy beast that I cannot tame.

However saying that I have recently got rid of 2 credit cards, and now am just down to 1. :)

I feel sorry for people that rely on the cards so much and just keep clocking up debt and never even manage the minimum payment :(
 
a lot of people in this thread have some nasty bills there. I hope I never get a credit card. The temptation is too great.
 
Only £100. I used to have a lot of cards but now I only have my HSBC card and my work Amex card because I didnt need the other ones for anything and they were taking up wallet space!
I plan on getting a new card though that has good cashback offers.
 
MooMoo444 said:
a lot of people in this thread have some nasty bills there. I hope I never get a credit card. The temptation is too great.
Click to expand...

There are several upsides as long as you pay in full each month / know what you are doing.

- Better protection
- Emergency fund if you ever need something quickly
- Cashback / Points
- Interest free options can be useful if you want to spread payments
- Cheaper spending abroad
- Helps your credit rating

Some people should not get credit cards i agree but if you have self control and know how they work you can use them to your advantage.
 
I've got £62 on mine atm. I only have it to build up my credit rating and I can always pay it off.

Slightly off topic, when is best to pay it off in relation to building a credit rating? Is it better to pay it all once a month or can I do it every 2 weeks?
 
Last edited:
feedtheram said:
Some people should not get credit cards i agree but if you have self control and know how they work you can use them to your advantage.
Click to expand...

Indeed. Playing the game with money if you are smart and know what you're doing is well worth it.

For instance, the 5.5k 0% interest credit card I mentioned earlier has saved us at least 4k worth of interest on our mortgage.
 
Quite a lot, but paid off in full each month via direct debit.

Cashback on all purchases including household bills like council tax means it makes sense to use my credit card. Plus I get extended warranty on electrical goods and whole host of other benefits as listed in this thread.
 
feedtheram said:
There are several upsides as long as you pay in full each month / know what you are doing.

- Better protection
- Emergency fund if you ever need something quickly
- Cashback / Points
- Interest free options can be useful if you want to spread payments
- Cheaper spending abroad
- Helps your credit rating

Some people should not get credit cards i agree but if you have self control and know how they work you can use them to your advantage.
Click to expand...

Agreed entirely. When buying things online I tryto always use my CC. As awell as when I'm abroad - which I do a lot of.

It's like everything in life - you have to be sensible.
 
You must log in or register to reply here.
Back
Top Bottom