credit cards

[Carino]

I've never had one and thinking of getting one to get my credit rating up.

Any recommendations which ones I might be best going for? all seem much of a muchness to me...

cheers peoples!

[Boris Bear]

I would recommend an American Express Black Card but its not exactly a credit card.

[Le Chuck]

as long as you pay it off every month, try & get a cash back one

[makum102]

Originally Posted by Carino

I've never had one and thinking of getting one to get my credit rating up.

Any recommendations which ones I might be best going for? all seem much of a muchness to me...

cheers peoples!

CashPlus CreditBuilder (google it). Its a prepaid credit card (so no credit checks) that pays you an imaginary loan which you then pay off at £4.95 per month for a year. At the end of which they score your 'loan' as settled in full. Then choose to carry on or drop the credit builder part (and the £4.95) and just use it as a prepaid credit card.

I had 4 and lifted my score by 200 pts (or a 20% increase) over one year.

Originally Posted by Carino

I've never had one and thinking of getting one to get my credit rating up.

Any recommendations which ones I might be best going for? all seem much of a muchness to me...

cheers peoples!

Get an American Express Platinum card.

You have to pay your bill every month so you can't rack up any debt.

You get shed loads of points for every £1 you spend and the rewards programme is really good

You get market leading travel insurance as part of the fee

You get access to airport lounges

There is a number you can call to sort out all your holiday bookings who will shop around so you don't have to

They will also look at sourcing other things like theatre tickets and stuff

They look class

Originally Posted by Boris Bear

I would recommend an American Express Black Card but its not exactly a credit card.

Centurion? Not as if you can "apply" for one either. They're invitation only.

[redrobbo63]

Get a credit card..get the biggest credit limit you can get..(you dont have to use it to the full) Pay it off regularly so you dont have to pay interest on it.

The advantages are (1) if you run short of cash it is a supply of funds
(2) If you keep the payments on it up to date it will reallly help your credit rating giving you more opportunity when you want to borrow money for house business etc.
(3) thing bought on credit cards have inbuilt purchase protection and the credit card company is obliged to sort out problems. This can be invaluable .. and save the need to pay for purchase protection.

[Boris Bear]

Originally Posted by CanaryWharfMackem

Get an American Express Platinum card.

You have to pay your bill every month so you can't rack up any debt.

You get shed loads of points for every £1 you spend and the rewards programme is really good

You get market leading travel insurance as part of the fee

You get access to airport lounges

There is a number you can call to sort out all your holiday bookings who will shop around so you don't have to

They will also look at sourcing other things like theatre tickets and stuff

They look class



Centurion? Not as if you can "apply" for one either. They're invitation only.

The only problem with Amex is that they're not as widely accepted an Mastercard......they still look class like

[Carino]

[QUOTE=CanaryWharfMackem;8 221229]Get an American Express Platinum card.

You have to pay your bill every month so you can't rack up any debt.

You get shed loads of points for every £1 you spend and the rewards programme is really good

You get market leading travel insurance as part of the fee

You get access to airport lounges

There is a number you can call to sort out all your holiday bookings who will shop around so you don't have to

They will also look at sourcing other things like theatre tickets and stuff

They look class


Sounds good. Can you pay them off monthly direct debit?

[lordy]

Originally Posted by Carino

I've never had one and thinking of getting one to get my credit rating up.

Any recommendations which ones I might be best going for? all seem much of a muchness to me...

cheers peoples!

Also if you register on the electoral role this will boost your score too.

Originally Posted by Carino

Sounds good. Can you pay them off monthly direct debit?

I think they insist on it