0% Credit Cards
- Thread starter Andrew C
- Start date
- Joined
- Mar 5, 2002
- Messages
- 20,281
- Reaction score
- 1,794
Not that I'm aware of, no.
The only thing that will affect your rating is if you default on minimum payments or go over limit.
Incidentally, applying for a credit card and being refused does affect your credit rating in a negative way, which I've always thought is unfair.
The only thing that will affect your rating is if you default on minimum payments or go over limit.
Incidentally, applying for a credit card and being refused does affect your credit rating in a negative way, which I've always thought is unfair.
- Joined
- Apr 19, 2008
- Messages
- 4,081
- Reaction score
- 1
Andrew C said:
Not at all, but if you were to open then close the card. you might get what Flopps has mentioned if you try immediately to apply fr another one.
Floppybootstomp said:
Whn you apply for Credit Cards, the lenders will use vrious credit scoring agencies. If they see loads of applications been flagged fro approval, they will normall deny, as it might seem that your intentions could be fraudualant, rather than good.
- Joined
- Jan 4, 2003
- Messages
- 8,044
- Reaction score
- 849
Stay away from em. I have never owned one or intend too. If you can't afford it straight away don't buy it 
Save up or get a PAYG credit card. That way if you aint got the money you can't use it
If I understand it correctly, but you still have to be careful
http://www.fairinvestment.co.uk/pay_as_you_go_credit_card.aspx
Save up or get a PAYG credit card. That way if you aint got the money you can't use it
If I understand it correctly, but you still have to be careful
http://www.fairinvestment.co.uk/pay_as_you_go_credit_card.aspx
- Joined
- Feb 16, 2009
- Messages
- 2,123
- Reaction score
- 18
I find credit cards to be okay, provided you keep a close eye on your spending.
Mentioned earlier the rule "if you can't buy it straight away then dont buy it" is a good rule but sometimes, like emergencies, credit cards have their uses.
Mentioned earlier the rule "if you can't buy it straight away then dont buy it" is a good rule but sometimes, like emergencies, credit cards have their uses.
Last edited:
nivrip
Yorkshire Cruncher
- Joined
- Mar 21, 2007
- Messages
- 11,391
- Reaction score
- 2,216
Like everything else, IF USED SENSIBLY, credit cards are fine. 
I have a couple and ALWAYS pay off the outstanding amount each month so do not pay any charges. If you pay it off every month it doesn't matter what the rate of interest is.
You also get quite a lot of consumer protection and even insurance when you buy with a credit card.
So, don't knock them, they work very well as long as you use common sense.
I have a couple and ALWAYS pay off the outstanding amount each month so do not pay any charges. If you pay it off every month it doesn't matter what the rate of interest is.
You also get quite a lot of consumer protection and even insurance when you buy with a credit card.
So, don't knock them, they work very well as long as you use common sense.