I want a credit card...

[*Ryan* 11]

It's a very slippery slope, Ryan - think hard and long before you go there...

 

StarSparkle

 

Yeah, thats why im checking b4hand.. Ive got store cards(burtons,debenhams) so if its like that i should be fine..

[StarSparkle 10]

Yeah, thats why im checking b4hand.. Ive got store cards(burtons,debenhams) so if its like that i should be fine..

 

My advice would be don't do it - credit card debt's very easy to get into, and VERY hard to get out of

 

StarSparkle

[melthebell 864]

i do ok.just, never had a credit card OR mortgage

[*Ryan* 11]

My advice would be don't do it - credit card debt's very easy to get into, and VERY hard to get out of

 

StarSparkle

 

Ah, even in emergencies?

[melthebell 864]

Ah, even in emergencies?

emergencies turn into just more, just 1 more.....oooh **** whered this £10000 debt appear from

[savbaby 10]

Yeah, thats why im checking b4hand.. Ive got store cards(burtons,debenhams) so if its like that i should be fine..

 

Little tip, if your store cards have a balance get a 0% credit card and use them to pay the store cards then close the store cards down and never use them again!!! credit cards have much lower rate of interest than store cards.

 

If you get a credit card set it at a low limit so you do not get to over excited and spend it all.

 

Also use your credit card for all your purchases and pay it off in full to stop paying interest. you have more consumer protecton with a credit card.

 

Just be careful not to get carried away as its a slipper slope:D

[Eric_Collins 11]

emergencies turn into just more, just 1 more.....oooh **** whered this £10000 debt appear from

 

yep that is how it's done. I didn't want a credit card period but i was selling alot on eBay and the time had come to re-apply payment details. My SOLO card wasn't accepted so a credit card it had to be.

 

I think a credit card is like anything in life, too much is a bad thing. having 1 is ok but if your like my other halfs parents :confused: They loan, borrow & pay credit with other credit cards. Honistly at the rate they are going they will loose the house.

 

When they heard I had a card it was like radar to thair ears:hihi:

[evildrneil 14]

Credit cards do have the advantage that they are automatically covered by insurance which you don't get with a debit card. I've just applied for one specifically for internet use but set up so that the full ballance is paid of at the end of every month by DD

[Cyclone 10]

In fact, it's worse than that. Credit cards are simply highly efficient tools for getting into debt. And buying crap that you don't need.

Why on earth do you think you need one?

 

They are also highly efficient tools for making use of section 76 of the consumer credit act when buying something which you don't walk away with.

Anything I buy online I use a CC for, which means if the company goes bust and I get no product, the CC company refunds me.

[mrmist 10]

Credit cards do have the advantage that they are automatically covered by insurance which you don't get with a debit card. I've just applied for one specifically for internet use but set up so that the full ballance is paid of at the end of every month by DD

 

I'm not quite sure waht you mean here but things you buy on a credit card are not automatically covered by insurance (IE like house insurance). The only real benefit over a debit card is that the initial contract is between card issuer and vendor, so you have somewhat more protection if, say, you pay for something and the seller goes bust, or doesn't send you a product.

 

But automatically covered by insurance, no. Some (few) companies do that. Not all.

[alchresearch 215]

Egg are rubbish. Introductory rates are good but then once your a long standing customer they don't seem to care and you can't get anything other than the standard rates.

 

Check out http://www.moneysupermarket.com for the best rates and reviews.

[samc 10]

I have one and I just use it for holidays ( because of the insurance stuff that not given with a debit card) and for all purchases of internet goodies so I can spot any fraud quickly.

 

Thinking of getting one just for buying petrol as my parents and my little sister have both been scammed this year by petrol stations copying their card details.