Cracking Deal at the moment (money help)

[Kev_mk3]

looking for a new credit card or to help yourself out at xmas? well came across this today -

click

Capital One Platinum Card offers you:

* 8.5% p.a. FIXED until 1st August 2012
on balance transfers and purchases*
* No balance transfer handling fee
* Free Identity Theft Servicetooltip
* Register Online for Free Identity Alertstooltip powered by Equifax
* A low 8.5% APR typical variable

thats nothing on balance transfers / purchases untill 1st August 2012

 

[Twelfty]

I refuse to use credit cards

 

[hougtimo]

Credit cards aren't bad tbh. As long as you use them properly!

I have a goldfish card from years ago that offers me cashback on all my purchases. So I put my purchases on that, while the equivalent money is in my 8.5% fixed savings acct...then pay it off (minus the cashback) at the end of the month. Good way of building a good credit rating, and earning a bit back on purchases.

 

[chris1111]

i would never have credit card either creating a small debt for yourself

 

[hougtimo]

Not if they're used PROPERLY! They can be very beneficial.

 

[Kev_mk3]

as tim said use it correct + it works in your favour

 

[chris1111]

true but i prefer to spend what i have coming in wages etc

 

[hougtimo]

You would...thats the whole point. NVM.

 

[Guinney]

my credit rating got destroyed thanks to my layabout good for nothing toss bag ex fiance in 2005-06 (long story, wont bore you with it).

Basically, we split, made £90k on the house, which when divvied up left us with about £45k each.

Then I had £35k worth of debt to pay back - around £20k of which was on credit cards. I had defaulted on all of them, was struggling to pay them, the mortgage, put food on the table, petrol in the Cav...

But, by being careful, I've managed to rebuild my credit history, I now have a proper bank account again (with Barclays, told HSBC to shove it) and in Octobler I tentatively applied for a 0% Barclaycard Platinum. To my shock (but delight), I was accepted and got one with a £2k limit, which is fine, and I cant go silly on it.

My plan is, when the 0% offer ends, is to then apply for another one, transfer the balance, then cut up the Barclaycard. Too many people fall into the balance transfer trap and dont destroy the cards that were paid off, then when the new one is maxed, they start spending on the empty one again - been there, done that!!

Always check out websites like 'moneysaving expert' (Martin Lewis who appears on R2's Jeremy Vine show some weeks), for the best deals on loans, overdrafts, bank accounts, savings and credit cards.

Cheers,

 

[hougtimo]

Martin Lewis's site is great with some solid advice...just don't take everything he says for gospel! What is the best solution for one person, might not be for someone else!

 

[Kev_mk3]

You would...thats the whole point. NVM.

id give up trying tim you will be here all day

My plan is, when the 0% offer ends, is to then apply for another one, transfer the balance, then cut up the Barclaycard. Too many people fall into the balance transfer trap and dont destroy the cards that were paid off, then when the new one is maxed, they start spending on the empty one again - been there, done that!!

Always check out websites like 'moneysaving expert' (Martin Lewis who appears on R2's Jeremy Vine show some weeks), for the best deals on loans, overdrafts, bank accounts, savings and credit cards.

Cheers,

thats the way to do it

What is the best solution for one person, might not be for someone else!

spot on

 

[Nathan...]

id never get one of them, as much as i'd love to! its just not even worth me looking. 20k student debt already, only earn £7k a year ill shoot myself in the foot if they gave me one of them!!

 

[Chris]

hmm.

might have a look later

if there is no interest for 3 years then i would be very interested.

have to tell them to set it at 2k and ill be happy

project s13 can start

 

[chris1111]

some people will be happy to have credit card if they can control there spendings.but my point is am not one of them id rather just spend the money we earn and not have to worry about credit cards bills or have to worry about the fact ive got to repay it sometime.