First credit card?

ScoobyDoo69

ScoobyDoo69

ScoobyDoo69

Soldato
Joined
27 Aug 2003
Posts
9,831
Location
West Midlands
Hey all, what would you recommend as a first credit card? I'm looking for something with a limit no higher than £1.5 (VMAX)... as some seem to go far too far!
obviously I won't need to transfer anything across, so no balance transfer percentages needed, but I'd like a fairly low APR rate.

I'm currently trawling the net to see what's best for me (filling out the "What's Best For Me" sections haha.
But do any of you have any recommendations apart from don't get one? :)

ScoobyDoo69

Edited to say, if possible maybe some to go to charity on everything I spend?
 
As long as you pay it off every month then go for one from your normal bank. I find it very convinent being able to drag and drop to pay the bill in my online banking :)
 
Get one for the right reasons.

I personally have a Mint card - which I use for sites that don't accept Switch. I then pay off the balance in full with my Switch card.

Ask yourself why you need one?
 
My main reasoning for wanting one, is that a lot of places that I seem to go to say "sorry we don't accept debit card, but there is a cash point over there" and well it gets rather annoying having to withdraw money!
There's no doubt at all that I'd be able to pay anything back that I spend, normally within a very small space of time, it's for those "just incase" moments for me. I don't do that much shopping or anything very often at all. So at most it may be used once a month.
 
ScoobyDoo69 said:
My main reasoning for wanting one, is that a lot of places that I seem to go to say "sorry we don't accept debit card, but there is a cash point over there" and well it gets rather annoying having to withdraw money!
There's no doubt at all that I'd be able to pay anything back that I spend, normally within a very small space of time, it's for those "just incase" moments for me. I don't do that much shopping or anything very often at all. So at most it may be used once a month.
Click to expand...
if you have a visa debit card you should have no problems.
 
ScoobyDoo69 said:
Hey all, what would you recommend as a first credit card? I'm looking for something with a limit no higher than £1.5 (VMAX)... as some seem to go far too far!
obviously I won't need to transfer anything across, so no balance transfer percentages needed, but I'd like a fairly low APR rate.

I'm currently trawling the net to see what's best for me (filling out the "What's Best For Me" sections haha.
But do any of you have any recommendations apart from don't get one? :)

ScoobyDoo69

Edited to say, if possible maybe some to go to charity on everything I spend?
Click to expand...


If you want a card, then I totally recommend the Egg Money card.

www.egg.com

You get a minimum of 1% cashback on everything, it has a very easy to use online banking facility, and in the event of you not paying the outstanding balance (which I dont recommend ;) ) the APR is only 6.9%. I use this instead of my debit card and pay the balance off at the end of each month. If you have a positive balance on the card (transfer money onto the card from your bank) then it gives you a 4% interest rate :D

If you want a 0% purchases card I recommend the Egg card (different to Egg money), the Halifax One card or the Mint card.
 
Youstolemyname said:
doesn't really matter what card you get, if you are savvy you can use balance transfers across cards to keep 0% apr for a few years :)
Click to expand...

Before you run out of places to go to or get tired of the hassle and get screwed :)

Pay it off pay it off pay it off!

By the way, excellent site for those of you who like me are trying to get their money in order - www.moneysavingexpert.com
 
I've had one since I turned 18, thankfully I've always been good with my money, well I say good I spend loads on computers, but only when I have the cost's covered by realy cash sitting in my account.

Never really overspent on my card, and it is very handy for internet purchases :)
 
ive never had any problems with my visa debit card from nationwide. got it as soon as i was 18 because not everywhere would accept my solo card

i am bad enough with money anyway i cant even manage a £50 overdraft:p
 
Raikiri said:
Apart from don't get one...not really.

I would say use a debit card, only spend what you have!
Click to expand...
Using a credit card doesn't mean you're spending what you don't have .... though it may enable you to do that.

Yes, they can be dangerous, and yes, they can be misused. But they can also very very useful, IF the user uses it sensibly.

My rule of thumb, personally, would be to suggest that if someone uses it for convenience, or consumer protection, then a credit card is a good idea. If you use it to buy things you can't afford to buy without it, then it's a danger. Even if you think you can pay a large purchase off in a few months, circumstances can change. You could find yourelf out of work, sick or both. It is easy to get out of your depth if you can't control your finances ... or your impulses.

But if you can, a CC is a VERY useful tool indeed. I could not operate properly without one. Whether they are a good idea or not depends on the individual.
 
another vote for egg here, had mine since the week of turning 18 and used it as a debit card in places that didnt accept solo or to use online gaining some financial protection.
 
2x1600 said:
another vote for egg here, had mine since the week of turning 18 and used it as a debit card in places that didnt accept solo or to use online gaining some financial protection.
Click to expand...

I'm turning 18 in 10 days :) do you mind telling me what sorta limits you have etc? how quick did you receive it, I suppose you applied the day you turned 18?
 
ScoobyDoo69 said:
I'm turning 18 in 10 days :) do you mind telling me what sorta limits you have etc? how quick did you receive it, I suppose you applied the day you turned 18?
Click to expand...


Please be careful :( IMO you're asking the wrong sorts of questions for a sensible plan going forward.
 
Chronos-X said:
Please be careful :( IMO you're asking the wrong sorts of questions for a sensible plan going forward.
Click to expand...

haha, I appreciate your concern. I'm more worried about the limit being too high for my needs rather than too low :) I've always considered myself to be good with money. Never owing, and never over spending so that I'm skint.

Plus if I start getting my credit rating good now, then it'll be good for me in the future.
 
You have a silly low limit most probably, just get one from the bank if your going to pay it off in full every month. Offers are only really good to people looking to use them as loans. Your only just turning 18, you probably dont have a job, or part time work that pays under 4k a year, and no credit history. Maybe a .5k limit? bit more if your lucky? All these card providers may boast 2k limits etc... but when they check your history they'll either knock you back, or cut your limit. Also you have no investments of any worth to them for reposesment, ie house car etc...
 
LeperousDust said:
You have a silly low limit most probably, just get one from the bank if your going to pay it off in full every month. Offers are only really good to people looking to use them as loans. Your only just turning 18, you probably dont have a job, or part time work that pays under 4k a year, and no credit history. Maybe a .5k limit? bit more if your lucky? All these card providers may boast 2k limits etc... but when they check your history they'll either knock you back, or cut your limit. Also you have no investments of any worth to them for reposesment, ie house car etc...
Click to expand...

I'm employed full time working for ICT support for the NHS. :)
 
Is it worth gettign a credit card and just think of it as a debit card? How will it help out in the future if you do this?
 
You must log in or register to reply here.
Back
Top Bottom