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got my first credit card - advice please!

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Manimal
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2006/07/12 14:50:48 (permalink)

got my first credit card - advice please!

howdy, got my natwest card last week.

bit cheesed off with my credit limit of £950! gonna have to get a loan still (or another card).

Never used one before, just wondering what the crack is. does it go like this:

- buy something
- you get an invoice in the post
- you pay the invoice by the date stated
- everyone is a winner


i know i should read all the paper work, but really cant be bothered.

Manimal!
#1

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    Soldier_Of_Shiva
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    RE: got my first credit card - advice please! 2006/07/12 14:51:37 (permalink)
    Best advice - cut it up...
    #2
    EvilEngine#9
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    RE: got my first credit card - advice please! 2006/07/12 14:52:20 (permalink)
    that's about it mate - but seriously....be careful with it. It is very easy to get yourself into trouble with them.

    EE#9
    #3
    Furyan
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    RE: got my first credit card - advice please! 2006/07/12 14:52:24 (permalink)
    yeah, cut it up.

    Or put it away and only use it when utterly neccessary. Seriously, thats my advice to you.

    " Do not tell me to play the hand i've been dealt. To hell with the cards and damn the dealer! Any man can achieve anything if he works hard enough, and thats the truth of it. Go at it with all that you are, and it is within your reach"
    #4
    trainhard1
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    RE: got my first credit card - advice please! 2006/07/12 14:52:50 (permalink)
    the advice i would give you is to cut it up with some scissors mate. credit cards are the work of the devil.
    #5
    GRIFF 1980
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    RE: got my first credit card - advice please! 2006/07/12 14:53:54 (permalink)

    ORIGINAL: Soldier_Of_Shiva

    Best advice - cut it up...


    When I saw the title of the thread I thought exactly the same thing.

    Stay away from the cards mate if you want my advice, and loans, don't even go there!!



    "Knowledge is knowing the Tomato is a fruit, wisdom is not putting it in your fruit salad"


    #6
    m12_shakes
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    RE: got my first credit card - advice please! 2006/07/12 14:54:17 (permalink)
    don't use it to take out cash from ATMs and don't use the cheque book that comes it (they charge you, the money hungry bas7ards that they are )

    Regards,
    m12
     

     
    #7
    Irish Beast
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    RE: got my first credit card - advice please! 2006/07/12 14:55:01 (permalink)
    I always find it a bit weird. They say that if you pay the amount in full at the end of every month then you wont incur interest. But surely the point of having a credit card is that you cant afford to buy what you want, hence the need for credit. If you were able to pay it off in full then there wouldn'tbe much point in having one. Surely having credit for a wekk or two isnt going to make much difference!!

    Moderator@ Underground Muscle
    Please come visit!!
     
    #8
    CK
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    RE: got my first credit card - advice please! 2006/07/12 14:55:03 (permalink)
    SNAP IT IN HALF NOW !!! you max it out without even realising it


    usualy you set up a direct debit for your A/C account, and you either choose to pay all of it back every month or minimum payment ( a certin % of the ammount)

    you'll get a statement like a week before you have to pay (monthly)



    lol the time i took to write that 7 people said exaclty the same thing

    THEY ARE EVIL I TELL YOU!
    post edited by CK - 2006/07/12 14:56:52
    #9
    lradford
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    RE: got my first credit card - advice please! 2006/07/12 14:55:41 (permalink)
    Agree with all the guys on here.
    Not quite "everyone's a winner" more so the bank win

    And not happy with the £950 limit on your first card? You planning to blow it all straight away? They'll love you for that once the interest starts adding up. Read the paperwork before you go happy-spending
    #10
    lumpo
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    RE: got my first credit card - advice please! 2006/07/12 14:56:21 (permalink)
    Cut it up bro, I'm 5k in debt on em and i consider myself a bit of a tight @rse with cash. all too easy to just "treat yourself" and think i'll sort it when statement comes.

    lump

    Born Of Frustration
    #11
    cu3ed
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    RE: got my first credit card - advice please! 2006/07/12 14:58:30 (permalink)
    Only real use for a credit card is Emergencies, always take one with me if im heading off on holiday. If you get stuck in a real problem, you can at least get your hand on cash easily.

    Apart from that, dont use it for anything.
    #12
    DEAD_WEIGHT
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    RE: got my first credit card - advice please! 2006/07/12 14:59:46 (permalink)
    Yeah thats how you do it but i would cut it up mate i got my self in £20,000 odd in debt not just with a credit card but it all started with one

    If you want to buy something get a loan or save for it dont bother with a credit card and make sure you can afford the re-payments easily
    #13
    Pip
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    RE: got my first credit card - advice please! 2006/07/12 15:01:24 (permalink)
    ORIGINAL: irishbeast

    I always find it a bit weird. They say that if you pay the amount in full at the end of every month then you wont incur interest. But surely the point of having a credit card is that you cant afford to buy what you want, hence the need for credit. If you were able to pay it off in full then there wouldn'tbe much point in having one. Surely having credit for a wekk or two isnt going to make much difference!!


    Exactly what i do, pay it off in full every month. Never use it to get cash out or anything. If you cant pay it off in full then bin it.
    I use it to boost my credit ratings only and take advantage of points or cashback systems.
    post edited by Pip - 2006/07/12 15:02:55
    #14
    Martyboy
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    RE: got my first credit card - advice please! 2006/07/12 15:02:26 (permalink)
    I owe £ 22,500 on mine. GET RID OF IT!! i always said id pay back whatever i spent. Its hard sometimes to do that. I have 5 cards and had them for years.
    #15
    Cardifflad
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    RE: got my first credit card - advice please! 2006/07/12 15:06:00 (permalink)
    Be very careful mate.......this is how it will go worst scenario (not using anyone for example of course....eg me)

    Max your first limit.....make a few payments....they offer you higher credit limit......you apply for a second card to transfer the balance onto 0%.......you then say you will cut up the old card......you dont...you keep spending on it again and end up with two maxed out cards..............I'd leave credit cards well alone mate.

    If you are good with money then you will be fine but what I used to do was go to Asda to get something small like a cooked chicken etc and because you have a little money to spend think...nah that little extra wont make a difference and end up buying quite a few things...they all add up and then your monthly payment rockets up!!!

    To cut a long and rather boring story short....from personal experience I would steer clear......f*ck me I am knackered
    #16
    Dan Nukem
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    RE: got my first credit card - advice please! 2006/07/12 15:07:49 (permalink)
    Couldn't live without it.

    Its just like anything, as long as you respect it, you will have no problems. Act like an idiot and it will screw you up.

    One piece of advice is to avoid using it in foreign countries as it is difficult to keep track of how much money you have spent, especially on holidays.
    post edited by Dan Nukem - 2006/07/12 15:08:46
    #17
    Papa Lazarou
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    RE: got my first credit card - advice please! 2006/07/12 15:08:57 (permalink)
    Feck you guys!

    Got burnt on them in the early noughties... however i've learned to use to use since. Only spend what you can afford and pay it when you get the money you were expecting.
    #18
    boywild
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    RE: got my first credit card - advice please! 2006/07/12 15:12:05 (permalink)
    Advice …. No what you need is to cut the thing up, credit has never done anybody any good, Credit Cards are for the Rick only if you can’t afford to pay cash for that low cost item then you can’t afford a card. And to think about it long after you have lost interest in the item you purchased you are still paying for it and that discount you got well with the bank interest added in over many months well that to is gone. Also if you do have a card you have to practice safe useage as one tends to spend more thinking I will pay it off later …next month and so on and before long you are sitting with a nasty shock from the bank. I can talk from a base of experience as I work for a company that tracks down people who overspend and tend not to pay back there accounts and if you go into their accounts and see the havoc that they will take years if never to get out of “ALL FOR THAT GOLD OR SILVER CARD”
    #19
    Manimal
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    RE: got my first credit card - advice please! 2006/07/12 15:14:32 (permalink)
    flippin heck, never had so many replies!!

    i made a post on here a while back when i was thinking about getting one.it was about 50 - 50 with people then

    I need around 3k to start my business, and i need it ready for Sept when the Uni's start back. I thought maybe a credit card instread of a loan

    #20
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