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Sebasaurus II
Guest
Is it weird that I'm 27 and have never taken out a credit card? Should I get one to start building up a credit score?
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monkeytassle
Striker
I hate credit cards but they've got me some stuff I consider to be "free". plus you get increased protection.
in short, you're missing out on "free" benefits.
in short, you're missing out on "free" benefits.
DeathTrooper
Striker
I've not got one. I'm 30
Great if you use them well
Incredibly dangerous if you don't
I have 3, all paid off monthly
Incredibly dangerous if you don't
I have 3, all paid off monthly
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Cushy Botterfield
Guest
It is good to start building credit, especially if you're looking to get a mortgage someday.
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Sebasaurus II
Guest
I don't spend money I haven't got, I wouldn't even if I had a credit card. I would literally just be using it for the credit score malarkey. I applied for one with Halifax a year or two ago and they rejected me. Haven't really thought about it since.
monkeytassle
Striker
I clear mine monthly so just keep a spreadsheet with rough running balance on it. I pay for any travel tickets, flights, shopping, petrol etc. crazy not to unless you have self-discipline issues. (I take mine out of my wallet on the smash now)
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Deleted member 10594
Guest
If you don't need one then don't get one is my advice. PM @Dave Herbal he knows all about this
tysonstorm
Winger
I'm 34 and never had one and have no plans to get one. I am fairly good at managing my finances and if I want something that is out of my reach then I'll save up for it.
monkeytassle
Striker
I treat mine as cash. made the error of buying a hifi as a young fool and kept rolling the debt instead of paying it off. £250 hifi cost about a grand in the end.
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Sebasaurus II
Guest
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Daz...
Guest
You don't have to spend money you don't have if you have a credit card, but it is useful for things such as online purchases, where you'll get more cover (although rarely needed).
For online purchases I previously used my debit card for, I started to use my credit card before instantly transferring the money over, just to build a credit history and show a reliability with credit.
If you're strict and sensible with yourself and how you spend you should have no bother, although it does become very easy and very tempting to use it at times when the cash isn't available.
I've only just recently started taking balances into the next month, but pay back a large chunk more than the minimum payment most months, as I hate the idea of giving any more money than I have to, to banking establishments.
For online purchases I previously used my debit card for, I started to use my credit card before instantly transferring the money over, just to build a credit history and show a reliability with credit.
If you're strict and sensible with yourself and how you spend you should have no bother, although it does become very easy and very tempting to use it at times when the cash isn't available.
I've only just recently started taking balances into the next month, but pay back a large chunk more than the minimum payment most months, as I hate the idea of giving any more money than I have to, to banking establishments.
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Sebasaurus II
Guest
I've read that applying for credit cards and getting turned down can actually harm your credit score. Checking your credit score through Experian can also harm your credit score apparently? What should I be looking for in a first credit card? I'm out of my depth.
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monkeytassle
Striker
I've read that applying for credit cards and getting turned down can actually harm your credit score. Checking your credit score through Experian can also harm your credit score apparently? What should I be looking for in a first credit card? I'm out of my depth.
hard lesson learned there mate I can tell you.
personally I chose mine based on benefits on offer. gets paid off monthly so rate is irrelevant.
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