Credit Cards

Amex Pt £11,000
MBNA £25,000
Barclaycard Pt £7,500
Bank Scotland £12,000



loads more that I don't use
 
Dirtydog said:
Did you get invited? I have an Amex but it isn't black sadly :)
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Yes I did, about 4 years ago.

Annual charge is ridiculous and apart from pandering to an individuals ego I couldn't understand why the hell I would want it. My old man has one and he keeps threatening to cut it up, I don't understand why he hasn't done it yet, it makes no financial sense as far as I am concerned and when you're in the UK (as well as several other countries) most places don't accept AMEX anyway.

I told them where they could put it....;)
 
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ive got 4. one is clear, the rest have anything from a grand to 2 grand on them.

unfortunately its a fact of life when racing motorbikes.
 
i know nothing said:
Yes I did, about 4 years ago.

Annual charge is ridiculous and apart from pandering to an individuals ego I couldn't understand why the hell I would want it. My old man has one and he keeps threatening to cut it up, I don't understand why he hasn't done it yet, it makes no financial sense as far as I am concerned and when you're in the UK (as well as several other countries) most places don't accept AMEX anyway.

I told them where they could put it....;)
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I thought the black card was ultra exclusive, offered only to an élite band of super rich and famous? Or does this mean that you are :eek:
 
dirtydog said:
How come he's managing to pay off so little? IVA? £10 a month wouldn't even come close to covering the interest.
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Because they thretned to take him to court for it but it doesnt matter Because if you offter them an amout you can pay them they cant turn it down. He got told that he could pay £1 a month if he wanted because he in comeings were less than his out goings. They allways ring and try and get him to pay more but they never took him to court.
 
Someone has yet to provide me with a good solid reason for getting a credit card.

Fraud Protection with Maestro seems sufficient.

My bank never stop trying to sign me up for credit (makes me even more suspicious of them). I worked for NatWest on credit rating stuff, even thinking about a credit card counts against you when you apply for mortgage etc.
 
dirtydog said:
I thought the black card was ultra exclusive, offered only to an élite band of super rich and famous? Or does this mean that you are :eek:
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Not at all, I personally wouldn't describe myself as "super rich". In the past I have used credit cards to make large purchases and I have a good financial history (specifically with AMEX in this case),well at least that is the reason they gave me when I was invited to take up the offer. I think it was more to do with the amounts I charged to my original card which is why they offered it to me.
 
Been doing some personal admin recently and found a couple of letters from my bank one of which said that my limit was £7500 :eek: I couldn't believe it... that happened last september and I had no idea.

On another note I am looking for a card that I can transfer my balance across to and not pay interest on it to pay it off.

Been looking at the Virgin Credit card and in one place it says:
0% p.a. - that's 0.0000% a month on card purchases for three months from account opening, and 0% p.a. - that's 0.0000% a month on balance transfers and credit card cheques for thirteen months from account opening.

Then it says:
Interest Free Period: Up to 50 days on card purchases as long as you pay your statement balance in full and on time every month, otherwise interest will be charged as set out below.

I thought these meant the same thing :/ can anyone explain?

Thanks

BB x
 
Royal Bank of Scotland Gold -- £10,000 (6.9% APR!!)
Barclaycard Platinum -- £7,500
Lloyds Platinum -- £5,000
M&S -- £5,000
Egg -- £4,700
Mint Platinum -- £3,000

I was a complete TART.
All my cards are now clear from having £££ on them for the last 5 years at 0%. Interest has been building nicely in my ISA. :)
I've not paid a single penny in interest to the banks. :D
Sadly it's very hard to tart these days as they nearly all impose fees.

No need for half of my cards now. I will probably keep the RBSG and the Barclaycard, then I'll have one MasterCard and one Visa, just in case one is having system problems.
 
voodooGT said:
Someone has yet to provide me with a good solid reason for getting a credit card.
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Flexibility for the self employed, buy now pay slightly later without committing to a loan agreement.

Rewards can and do add up.

Flexibility in places that accept the cards, particularly in foreign countries, where you may need cash quickly.

Online payment services can be fussy.
 
BurningHorizons said:
Royal Bank of Scotland Gold -- £10,000 (6.9% APR!!)
Barclaycard Platinum -- £7,500
Lloyds Platinum -- £5,000
M&S -- £5,000
Egg -- £4,700
Mint Platinum -- £3,000

I was a complete TART.
All my cards are now clear from having £££ on them for the last 5 years at 0%. Interest has been building nicely in my ISA. :)
I've not paid a single penny in interest to the banks. :D
Sadly it's very hard to tart these days as they nearly all impose fees.

No need for half of my cards now. I will probably keep the RBSG and the Barclaycard, then I'll have one MasterCard and one Visa, just in case one is having system problems.
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Tarting is a mugs game imo, you'd be better working an extra 1 hour a week in your job, rather than putting up with all the junk mail etc and researching the latest deal etc, checking on those direct debits for the minimum payments etc, committing someone elses cash into an isa is also extremely foolish imo as they can and do lose money, many purchased 4-5 years ago around the time of the "dot com" boom have actually shown very poor returns with the owners being forced to withdraw the funds at the end of the term with little to show for it.

Just my angle, perhaps not as good financial judgement as you may have thought.
 
Rotty said:
Amex Pt £11,000
MBNA £25,000
Barclaycard Pt £7,500
Bank Scotland £12,000



loads more that I don't use
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You've got some serious limitation going on there. :)
 
Replicant said:
Tarting is a mugs game imo, you'd be better working an extra 1 hour a week in your job, rather than putting up with all the junk mail etc and researching the latest deal etc, checking on those direct debits for the minimum payments etc, committing someone elses cash into an isa is also extremely foolish imo as they can and do lose money, many purchased 4-5 years ago around the time of the "dot com" boom have actually shown very poor returns with the owners being forced to withdraw the funds at the end of the term with little to show for it.

Just my angle, perhaps not as good financial judgement as you may have thought.
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Good points there, but it's worked for me.
All my investments were safe and have provided good/excellent returns.
Better than a kick in the teeth and you get one up on the banks at the same time. I've been their worst type of customer.
As I've said in my post above, I am now completley debt free. :)
 
I have copies of my dads gold and platinum cards, i think they have 15k limits,

Dunno how anyone would spend that much on em though.
 
Halifax VISA
Ripspeed Mastercard - used to get ~£100 off my alloys, paid it off then cut it in half
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Just got my frist one this week !

Its a Halifax one with 0% on purchases for 12 months so i am gonna get a laptop.

£700 limit aswell.
 
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