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Credit card?
Can anyone advise me which option is the best when you have a dispute with a credit card company who is not prepared to listen to a reasonable complaint. Court action or a complain to the banking Ombudsman.
depends what your query is, all credit card companies have a department called CMT (complaints management team) who have more authourity than your average joe that picks up the phone. If youre complaint is genuine you just need to be persitant, the customer is always right. The bank are out to make money, if your account is in good shape threaten to close it, you will then go through to the 'retention' team who's job is to talk you out of closing it, i.e. give u what u want! be careful though, if your account isnt in good shape they will close it the first chance they get!credit card?
I am only 18 and have never had a credit card but now I'm going to get one because I will be travelling alot in the future. what will my credit rating be when applying for a card. will it be good or just non existant, existent, (which is the correct spelling)
Probably non-existent - you have to build up your credit rating by applying for credit products and then showing that you can stick to the repayment terms. It doesn't just apply to credit cards; it applies to anything you may have had a loan for (like buying a laptop using financing) or if you have a mobile on a contract - but I'm guessing that if you're only 18 you probably never have had anything like this.
That doesn't mean that you won't be able to get a card though. If you're earning (i.e. you're not a full-time student) then the bank that your current account is with will usually give you one, even if it is only for a small amount. If not, you may need to have your parents act as a guarantor.Credit Card?
Got 1 credit card for now, but looking for another!
Dont realy use the one i have just now, but considering a new one for a back up incase i need for an emergency etc. i also travel a lot, what do you think would be best one 2get etc?
Or what are people views on extra credit cards?
Any info etc would be helpful
There are lots of credit cards out there and the best one for you will always depend on how you plan to use the card. If you just want the card as a back up, you could look for the card with the lowest purchase rate. Rates as low as 6.8% can still be found.
If you do travel frequently, then you may wish to consider a card that makes no foreign usage charges. Nationwide BS, Abbey and the Post Office make now charges for using your card abroad, other providers charge up to 3%. Also any purchases over £100 are insured so you also get added protection.
If you log on to www.moneyfacts.co.uk, you can see our credit card best buys. These include selections for lowest purchase rates, lowest foreign usage and also credit cards with benefits schemes such as Airmiles, which also may be of interest if you travel a lot.
However, be wary of taking credit cards out for the sake of it. Some banks make charges for low or no usage. Also, although you are unlikely to do so, there is the potential that you could run up lots of debt on the cards over a short period of time that you couldn’t repay. The lenders are wary of this and it may make it slightly harder for you to get credit in future, particularly in the current climate when lenders are clamping down on who they offer credit too.Are credit card protection plans good for really really old people?
They typically run .99 per $100 and the deal (supposedly) is that if after 90 days of coverage, the cardholder croaks, that they credit card amount owed is forgiven. In the case of elderly people in not the best of health and with large credit card debt ($5000+) is this a good idea?
You'd basically be paying $500 a year and betting that you're going to be keeping a high credit card balance and that you'd be likely to croak relatively soon.
Most of those plans have age limits. So, it's unlikely that they would be available to anyone older than 70 - btw what is your definition of "really old?" Just curious 'cause I'm over 50! LOL
In general, those credit card protection plans are ripoffs. It makes more financial sense to buy regular old term life insurance. Much less expensive, and it covers anything you want it to.Which credit card companies will give credit cards to someone who is a discharged bankrupt?
A friend of mine was made bankrupt a few years ago, but has been discharged for about 18 months or so. So he can try and build his credit up, which credit card companies would allow him to obtain a credit card? He is not interested in the interest rate etc - he just wants a company who will definitely say yes, as if they say no, it will make his credit scoring worse.
go to moneysupermarket. go to the credit card section. They have a list of credit card companies that accept people with a bad credit history. Vanquis and capital one are just a few of the companies on the listWhat credit card requires a very high credit score to obtain?
If you had to name a credit card that was the hardest to get (required a very high credit score), what credit card would you name?
Besides the black amex. Is there anything more obtainable by the average Joe?
why are you so obsessed with credit cards all of a sudden? You better be careful or you will end up like my family, we're in debt over our heads and we're too poor to pay it back!!! I hope you know what you're doing...What is the credit card authorisation fee for Lovefilm?
I want to sign up for Lovefilm but I need to know the EXACT amount of the credit card authorisation fee(When they charge your credit card at a certain price to check if your credit card is real or fake). Also, if you know the authorisation fee for Blockbuster then please tell me that.
What is the credit card authorisation fee for Lovefilm and/or Blockbuster?
You can now enjoy all the benefits of LOVEFiLM Instant from a special introductory price of just £4.99 per month! This LOVEFiLM Instant package gives you unlimited access to all of the LOVEFiLM Instant titles, though it excludes LOVEFiLM Box Office titles. It’s perfect for those who just want to stream online as it doesn’t include any disc rentals.
To enjoy streaming and DVD rentals together, package prices start from £5.99 per month. You can see available titles here: LOVEFiLM Instant titles included with a package.
LOVEFiLM Box Office titles are available for everyone to watch on a pay-per-view basis. Prices usually range from £0.99 to £3.49 per title. You can see available titles here: LOVEFiLM Box Office titles.
The film studios themselves dictate that these titles can only be supplied on a pay-per-view basis, and it’s the same situation for any service that wants to provide them. Members who watch these titles are happy with the pay-per-view terms, and – to avoid any confusion – we've made it very clear which streaming films carry a charge. It's entirely optional, of course, and there are thousands of titles to watch at no extra cost.How do I make a balance transfer from a store card to a credit card?
Sorry, a new timer to balance transfers and credit cards. Have taken out a credit card with 0% interest on balance transfers and purchases for 12 months. I have £600 on a store card that I want to transfer to the credit card to avoid all the interest charges. I can easily pay this off in 12 months.
Do I just go to the store and use my credit card to pay off the store card? Do I telephone the credit card company and ask for a transfer and give them all the details? or is there more involved, would just like to know what the process is.
Thanks!
Wahoo, let's all take advantage of the 0%'s out there.
Thanks for your answers!
Eliminating high interest credit cards by transferring to a card with a lower rate can help you save a great deal of money, allowing you to regain control of your finances. However, it is important that you understand all of the terms and conditions of your new credit card before committing enrollment. You want to make certain that the card offer is fair and that you are truly going to benefit from it. Featured are tips that will help you choose and use the right credit card for transferring balances.
Pre-determining interest rates
Most balance transfer offers are good for only the first 6-9 months of enrollment. At the conclusion of the introductory rate, the card will convert to a more standard rate, typically between 14-20%. It is important that you determine what the interest rate is going to be once the intro rate is over. If you are not sure what interest rate the card is going to be charging at the conclusion of the intro offer, call the issuer and find out. Read more about balance transfer at: http://www.credit-card-gallery.com/article/173,Credit_Card_Balance_Transfer_TipsHow much credit do you need on a credit card to hire a vehicle?
I want to hire a van to move house, but want to move myself. I have a credit card but only with a £250 credit limit, its too late for me to apply for a new card or be able to up the limit, but if i want to hire a vehicle I am told you need a much higher "reservation" for them? Any idea how much?
Hi they swip your card and get authority to use it in the event you dont bring the car/van back or you bring it back damaged. So providing there is still some available balance when they swipe it even 1p it will go through
I have just got a really good credit card with the Natwest bank.
The more I have in my savings account and more I use my credit card I get a higher rate of interest on the savings account.
So if I was you I would have a look at that bank and see if they have suits your needs.
the fox2012
Hi there.
I have that credit card from Natwest you are talking about, it is a very good card.
I would tell everyone to go and have a look at the details on it either in a branch of nawest or go on line. I think it is Natwest.com
So yeah go for it. You can look in to it for nothing.
bordercollie
Darrell
I have a really good credit card to.
It has made things easier if anything.
I use it as cash all the time. I devised a system. That is that when I use it for such as petrol for the car or even a new set of tyres or shopping I just keep the tickets together leave the money in the bank and pay it when it comes in otherwise you get lots of interest to pay. It was very good when it came to pay the electric bill. The card paid them straight away then that was done with and the money was sat making some interest in my bank account then when the bill was due I paid the card.
I will say be cautious and only use it if you have to and pay it all off. If you cant pay it all off that week it is due you can always for example pay half one week and pay the other half the next week then you wont get hammered on the interest as we all get unexpected bills crop up from time to time.
So my best advice is check out a few basic cards with the major high street banks and see which one would suit your needs the best.
Ah credit cards. I love them and hate them. I started out with great credit, never missing a payment. Then, I went traveling around Asia, and racked up tons of late fees and missed payments.
When I got back home, I found myself greatly in debt, and still am now.
So, for a CC recommendation, I would say get a credit limit that is smaller than you think you need. The more you have access to, the more you think you can spend This will just drive you further into a hole of debt that is difficult to get out of.
If you do go for one, look for ones without monthly fees or any fees for that matter. No reason to pay extra for a credit card.
steve
I think credit cards are OK for people who have a little self control. Also, for many of my friends, they have no choice but to get a credit card. They are students like me, and do not have much money. In order to pay for books, supplies, exam costs, and tuition, a lot of people I know around here use credit cards to support themselves.
Just make sure to make you minimum payment!
My credit card has no fees for the year and no fees for the month. I get 3% cash back on every purchase and 5% back from special shops. Also, the interest rate is reasonable, at 12%.
Overall I have been happy with this card... oh, by the way, it is a Chase Rewards card that I have. I like the money back aspect, even though it might make me spend more than I would otherwise.
Anyone else have some good cards that offer good rewards?
cass
I have a sweet mileage card that racks up airline miles for every cent I spend. This summer I will have enough to get out of town and down to a tropical island for some relaxation.
If you are spending money, there is no reason why you should not be getting some of it back. Credit card companies are fighting for customers. Let them fight, because then you win.
Look for cards with low interest rates and high rewards. Make sure you check the fine print, since sometimes these mileage cards actually have hidden fees by the month or byy the year.
I have found this card to be well worth it. I think you should get a mileage card as soon as you can.
jeff
My current card has no interest on it but I shall have to check as I think it was a three month thing with no interest.
I think if you have a couple of cards and spend what you earn such as weekly shop and fuel etc and pay the card off in full each month you get the good interest in your bank account and the card company dose not get any.
There is a major telephone company that has a credit card with there name on it and the more you spend the more you get off your telephone bill.
Mark
It sounds like there are a few really good ones out there. I think sometimes you get all this information chucked in your face it just goes over your head. On here is like having a quite drink in a nice country pub and general chit chat but without the south african red wine to hand ( unless you have some in ).
At least this way you get to here from other people who have found a card that is good for them but may or may not be good for yourself. But like it was said above check the terms and conditions to make sure you don't end up paying the card company for your air miles or something.
Sellotape
Oliver
So it looks like aNatwest card is good and certainly a mileage one oh hang on and a phone credit card that gives you money off your bill. I like that idea as our bills are normall high so that could be a good one to start with for sure.
Hey now I am getting a few suggestions I think the electric companys should do a similar card where you get money knocked off your electric bill or is that on the go already.
I will say thank you to everyone who posted a reply to my original posting. I suggest we shall have to put on here that if we here of a really good card and what it can give you back without costiing you more money on top of your monthly bill.
thanks again
The phone credit card is a good one as people are always using the phone here so could either use both or see which is going to be the best.
Marcus
I know of the one with the major telephone network and the more you spend the more you get off your telephone bill.
Just think if the electric company was to go down this route and have a similar deal I wonder how much you could save on your electric bill as mine was a good one for the last quarter of winter.
How ever I think it is a really excellent reward for air miles if you fly a lot or get money off your telephone bill.
Jamie
Fred
Fred
Hi Fred. I like the cheque book idea but some clown has had the bright idea to phase those out now and a lot of places don't take a cheque anymore.
I used to go to a well known supermarket each week. I would get my shopping and pay by cheque then on the way out I would get my fuel and yes pay by cheque. It was great as because they did not rush to bank the cheque and often my money was in the bank until the next week meaning that I was making some interest on it plus I could keep a better track of what I had spent.
Credit cards are good so long as you pay off the full balance each month then you don't get the interest. If you only spend a couple of hundred and pay it before the date they say then you are laughing plus it shows you are a good payer.
Marcus
Marcus
Hi Marcus. Have a look in the Finance section of the forum. I have just put a new post up called Cheque Book and Debit Card.
If you like your cheque book then I think you will like what I have written.
Darrell
Darrell
Personally I think that you are better off without one. I know a lot of people who are in a serous amount of debt and trouble. If you are going to get one, do yourself a favor and make sure you understand exactly how they work before making any decisions, that way you will avoid getting yourself into trouble!
I agree with you Coolseeker, the banks will give a credit card to just about anyone nowadays. A lot of people jump into getting a credit card without really thinking about it. My advice to all of you is to spend the cash you have, not the cash you don't have! A bad credit record will stay with you for the rest of your life!
Credit cards can be useful though... if you're responsible... but I think that if you are confused about your choice of credit card, it's better to just steer clear of them. If you really can't go on without one, then perhaps speak to your bank. Ask for one with the lowest monthly charges and make sure you READ THAT FINEPRINT!!
Having huge amounts of money at your fingertips requires more than just strong will... it can require a straight-jacket if you're not extremely careful! I know too many stories about people who've run up monstrous debt. So if you can, avoid it! Like Steve said: don't spend money you don't have!