Who doesn't have a credit card
Discussion
I've got one but never use it, it's just there for emergencies. I recently had a letter from my card issuer telling me that they would cancel it if I didn't use it as it had been dormant for over 3 years. I used it to pay one bill then immediately paid it off again, hopefully that's me for another 3 years.
bloomen said:
mike74 said:
I'm the same with the exception of previously having a mortgage... you saying you've never had or intend to have a mortgage?
Nope. I could buy outright if I felt the need to own a property. Right now I'm content to carry on drifting. I don't have one. Just use my debit card and to be honest I've never had any issues.
Had a credit card when I was 18/20 and maxed it out on rubbish. Took ages to pay back so put me off them for life.
If I ain't got the money it's either a wait till I save up or a personal loan from bank / credit union
Had a credit card when I was 18/20 and maxed it out on rubbish. Took ages to pay back so put me off them for life.
If I ain't got the money it's either a wait till I save up or a personal loan from bank / credit union
I would suggest it's savvier to have one than not so long as you can trust yourself. There are a large number of cards that offer rewards be it cashback, clubcard/nectar points, airmiles etc. All of these things are free if you pay off in full. To not take a couple of % cashback is surely throwing away money?
I don't have one. I'm 18, and I do have a proper bank account now. I think I will get a student credit card, due to the insurance. I do have to be careful though - I managed to push my bank account a few pence into overdraft thanks to Pay@Pump (fortunately, my bank does have a no-fee overdraft zone). I can imagine that credit cards demand much more respect.
Solocle said:
I don't have one. I'm 18, and I do have a proper bank account now. I think I will get a student credit card, due to the insurance. I do have to be careful though - I managed to push my bank account a few pence into overdraft thanks to Pay@Pump (fortunately, my bank does have a no-fee overdraft zone). I can imagine that credit cards demand much more respect.
Indeed they do. If you're not wanting to run a balance never buy anything on them you wouldn't happily put on your debit card that way you're spending money you have rather than will have. Makes pay day less painful!Got one card, use it to put fuel on or perhaps a meal out somewhere never more than a couple of hundred. The DD is set to pay the full balance off every month. I don't have any other forms of credit (mortgage excepted) so it's helpful to have something which shows borrow/repay cycles.
Used to have 4. Used them all the time. Clydesdale, Barclays, RBS and Amex. First of all Clydesdale got unused so got dumped. Fell out with RBS and binned theirs. Too many people don't take Amex so that got tossed (don't know what happened to their points but you needed about a zillion for anything 'worthwhile' anyway) and the Barclays one pays one bill (AA membership for the wife) once a year which I should also change and then snip that one too. So I've got one and will probably keep it just in case (of what I don't know).
I really don't know why (or exactly when) I stopped using them. It just seems to have happened. Nowadays regular bills are DDs or SOs and the rest are either BT or DC. Hardly ever write cheques either. Used to write loads.
I really don't know why (or exactly when) I stopped using them. It just seems to have happened. Nowadays regular bills are DDs or SOs and the rest are either BT or DC. Hardly ever write cheques either. Used to write loads.
Edited by drainbrain on Wednesday 31st May 23:03
I have a few credit cards,
Who else is going to give me rewards !
I'll take any bonus offers coming my way
$200 bonus plus the regular 1.5% for spending $500 in the first 3 Months (Barclay card)
That's my third one this year.
I don't carry a balance.and would never dream of maxing one out.
Actually, it is quite foolish to max one out, all you have to do is call them, they will willingly increase your limit.
That's how they earn money
Don't care much for debit cards....
Who else is going to give me rewards !
I'll take any bonus offers coming my way
$200 bonus plus the regular 1.5% for spending $500 in the first 3 Months (Barclay card)
That's my third one this year.
I don't carry a balance.and would never dream of maxing one out.
Actually, it is quite foolish to max one out, all you have to do is call them, they will willingly increase your limit.
That's how they earn money
Don't care much for debit cards....
I have three - I only really use one. The others are accounts I haven't closed that I used to use.
I got them for the various rewards they offered at the time I had them. One was interest free for 40 months, the other had free gadget insurance I think.
The one I use mostly now (I do use the others occasionally) gives me Tesco Clubcard points. My only local petrol station is a Tesco one so I end up spending a fair bit of money there, so might as well collect the points.
I like that you can redeem them for 3x face value in Goldsmiths, but usually I just use them to buy more petrol. I've got enough stored up for another tank when I can be bothered to print them out.
As said, if you only use it for things you'd be buying on your debit card anyway, what's the difference? Once a month I log into the app and pay off the statement. It takes about 10 or 15 seconds. Because I hadn't spent the money, it's all sitting there on the debit card anyway earning 3% interest and then pays off the card. I receive a small amount of money (in the form of interest and Clubcard points) for doing it this way.
I got them for the various rewards they offered at the time I had them. One was interest free for 40 months, the other had free gadget insurance I think.
The one I use mostly now (I do use the others occasionally) gives me Tesco Clubcard points. My only local petrol station is a Tesco one so I end up spending a fair bit of money there, so might as well collect the points.
I like that you can redeem them for 3x face value in Goldsmiths, but usually I just use them to buy more petrol. I've got enough stored up for another tank when I can be bothered to print them out.
As said, if you only use it for things you'd be buying on your debit card anyway, what's the difference? Once a month I log into the app and pay off the statement. It takes about 10 or 15 seconds. Because I hadn't spent the money, it's all sitting there on the debit card anyway earning 3% interest and then pays off the card. I receive a small amount of money (in the form of interest and Clubcard points) for doing it this way.
Edited by Jimmy Recard on Thursday 1st June 08:42
I do, but pay off in full every month so I don't really use if for the credit aspect - although the 30+ days interest free might help to a small degree.
I don't like the idea of using my debit card which is linked to my bank account.
I like getting up to 1% cash back from using the credit cards.
I like the idea of the fraud protection you get with credit cards.
I don't like the idea of using my debit card which is linked to my bank account.
I like getting up to 1% cash back from using the credit cards.
I like the idea of the fraud protection you get with credit cards.
Edited by LeoSayer on Thursday 1st June 08:53
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