martinviking:
Barclaycard pay some cash back but only in the first couple of grand each year. (I got £44 last month)
That must be the new ones. I get cashback every month between 0.5% and 1.5% depending on where and what I buy and do about £18k a year on it.
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …
MUPPIT 
Karl86:
I personally won’t ever get one. If you can’t afford something don’t buy it
Its not just about “if you can’t afford something don’t buy it” though. If you buy something more than £100 and put it or some of it on the credit card then under Section 75 of the Consumer Credit Act the credit card shares joint liability with the retailer so if the retailer goes bust and what you bought broke you can get your money back from the credit card company. Same applies if the retailer refuses to play ball.
I also get 1.5% cashback on fuel so its like getting 2p/litre off when I fill up.
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …
Not sure if trolling or just stupid.
Come on guys ,he is not a Muppet or trolling or stupid ,He is Asian.
Conor:
Karl86:
I personally won’t ever get one. If you can’t afford something don’t buy itIts not just about “if you can’t afford something don’t buy it” though. If you buy something more than £100 and put it or some of it on the credit card then under Section 75 of the Consumer Credit Act the credit card shares joint liability with the retailer so if the retailer goes bust and what you bought broke you can get your money back from the credit card company. Same applies if the retailer refuses to play ball.
I also get 1.5% cashback on fuel so its like getting 2p/litre off when I fill up.
What you say is true but card holders like yourself COST them money so if too many copied your fine example credit cards would disappear tomorrow. But when somebody like young Smoggie turns up then they see £££ signs in front of their eyes. These parasites know that the odds of people using their cards as you do are very small. They rely on the less disciplined to make their vast fortunes. They’re tempted by the kind of benefits you enjoy amongst other things. Is that why you and others choose to promote these weasels?
Been there and had the headache so although i did go back to the convenience of having a credit card last year, it is pre pay so nothing to worry about. I always pay cash anyway where i pay in person but its handy to pay with plastic that cant be abused if it is hacked. No credit at all other than a possible overdraft which costs far more to have available than i wish to pay so i refused to have it
DrivingMissDaisy:
What you say is true but card holders like yourself COST them money
Really we don’t and really they wouldn’t disappear tomorrow. They charge the retailer typically 2.5% so even paying me 1.5% cashback and me clearing my account every month they’d make 1%.
I’ve never had one, don’t want to tempt fate.
Credit cards are fine if your bank account is always in credit by a decent amount. If you are someone who lives ‘up to payday’ all the time then avoid them like the plague as I can guarantee you will end up using it first to pay for ‘little luxuries’ and then the necessities.
I’ve had a credit card for years and it is only used for on-line purchases - even if less than £100 (the guaranteed cover amount) as I don’t like the idea of giving debit card details as it’s my money - if a credit card gets compromised then it’s the banks’ money and they are more interested in sorting it out.
If you ever find you are starting to use it for day-to-day necessities and not paying off the full balance at the end of the month then immediately cut it up and clear the balance as soon as possible.
Get one that pays you something back - i.e. Nectar, Sainsburys or Tescos etc. I use a Sainsburys card, store up the Nectar points all year and Xmas is a freebie!!
Just make sure you pay it off IN FULL every month, never never never let anything roll over to the next month, once you start that its hard to get out of.
I have not used one since 2004. Went into rehab, and have not taken a loan since then, although I dip into the overdraft a lot still on the duff agency weeks especially. It’s paying to fill the car with fuel when you’ve got a flat 8 hour shift to get to 50 miles away that burns the money up. I avoid as much as I can, but sometimes it’s all there is, especially the first couple of months of the year, and right after Easter.
Credit card interest is an agreement between you and the lender. When you renounce (rather than “renage”) on that agreement, then all the money you’ve paid so far goes towards the so-called “defaulted debt”. Thus, if you borrowed say, £10k, seen it mushroom to £50k because of too long paying minimum payments, and the interest racks up, you might have already paid back £12k of it, in which case at the moment of default, there’s nowt the lender can do to get the rest back - the interest part that is. This is why they like to bombard you with letters saying things like “It’s not too late to save your account” or “Here are some spurrious charges for anything we can think of, but we’ve not put your account into default ourselves, lest you stop paying us the interest we make so much money out of”.
Consumer credit is like crack cocaine. Does no one any good that doesn’t have much money to start with. Its a get-rich-quick scheme that allows transfer of wealth from the poor to the rich, who expected to be paid handsomely for their millions sitting around in bank accounts, pretty much doing little to boost the economy. The current new boom-bust cycle has already started, based on fresh consumer debt all over again. The fact that it is a jobless/wage riseless recovery bears witness to this. 
Either don’t take out a credit card in the first place, or default it when you’ve made enough payments to cover the original amount taken out.
This is how you enforce “I borrow at 0.5% interest rates” in the noble scheme of things. If you can, then do. How do you think commoners get to become kings if it’s not by saying “get lost” to those in authority at the time? - Screw it up though, and at least now days you don’t lose your head any more. 
When you borrow money, you do it with the idea in your head that somehow you are “going to be earning a lot more at some point in the not too distant future, which makes repayment inclusive of interest child’s play”.
News News! - It’s been some time indeed since ordinary workers knew they’d be better off 5,10,15 years down the line. Right now, we’re being sold the idea that “You’re better off if you’ve got a job in the future, rather than the zero hours/no job contract right now.” Are you?
You need both the job AND a massive catch-up pay rise that makes up for all the lean years (in one go) to put yourself properly in the “I can easily afford to repay all my credit with interest” category. That person is as rare as Red Dragons & Unicorns already.
If we all boycotted credit, then the cost of Living would come down rather than the cost of wages to employers. Oversupply of workers and credit forces up consumer prices and forces wages down, so ordinary folk get squeezed at both ends. Note the current government has a wide-open goal to prevent the 1st Jan 2014 influx of Romainians and Bulgarians from coming here. THey don’t need to shut the borders - just make it impossible to get credit & benefits for the first GENERATION (20 years) that new arrivals have both been here, and paid taxes. Thus, no good job lined up when you get here? - Nothing here for you my son! - This, in turn, would bring us in line with the rest of the world, so could hardly be called some “nasty” or “racist” or whatever policy.
tango boy:
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …MUPPIT
yep £270 bankruptcy fee and all dept was cleared ?
a right MUPPET me… 
Contraflow:
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …Not sure if trolling or just stupid.
Can some moderator please tell me what the “forbidden” is coming up for, when I attempt a post about finance that has no swear words in it?
Like someone else said, if you are very sensible and pay off the total amount before Month end, it is interest free credit, that’s not what the bank wants but so what, who cares about them + it does give you the Protection plan automatically.
As others above, set up standing order from your current account so it gets paid off in full every month, i would hope that all cards incur no interest or penalties if you do this but could be worth checking, not by asking the issuers call centre who far too often try to deceive you, suggest you ask the question on the appropriate forum in MoneySavingExpert, or do a search on their for your credit card issuer…also you didn’t take out anything like credit fraud protection did you?…they will most likely make a charge for every transaction if you did even if you pay it off in full monthly.
I use it 100% for online purhasing, thereby getting free online protection.
The only downside to paying it off in full, indeed by not paying interest to the fat cats is that it doesn’t do your credit rating much good, they don’t want to lend to people who owe nothing and pay straight up thereby not funding the moneylenders millionaire lifetsyle in Sunningdale/Gerrards Cross, they prefer people who can’t manage finance terribly well so fall prey to excess interest, penalty charges etc which is the real money is made.
**i got caught out by a liar sales bod at the call centre when i took out Halifax’s credit card, their call centre rang me up and offered online credit protection which i didn’t want or need, but the geezer insisted it wouldn’t cost me a penny as i pay off by standing order in full every month, so at not cost why not?..yes a barefaced lie and when the bills arrived there were indeed charges because of this…to be fair though Halifax did apologise and re-imburse in full but too late i’d already cut the card up in disgust, can’t stand spivs and wide boys, hope his knob drops off.
Smoggie89:
I’m applying for my first credit card tomorrow wich I’ve been told will more or less be accepted for it, I’ve never had 1 before it will be 9months interest free from account opening , other than leaving it with the other half are they bad or are they handy ? I’m not getting 1 for any particular reason I just thought could come in handy
Zb he’ll,you do 70/80 hrs a week and you still need a credit card 
,you’re living beyond your means.
Doing those hours you should be on here asking about ways to invest your money,not about credit cards and how to waste it.
I’m gob smacked,70/80 hrs pw and you can’t manage to get by 
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …
Free Money? Approximately 120,000 people a year go bankrupt, so 35,000 x 120,000 = £4.2billion. A year. Every year. Remember the credit crunch? Good giggle that, eh? People like you caused it, that’s why the economy’s Donald Ducked and stuff costs more while we get paid less. Free money! Buffoon!
On topic, pay it off regular and don’t use it to pay for stuff you want, only stuff you need.
ps before someone launches into me I know some go bankrupt through no fault of their own and they probably don’t all involve card misuse. Free money, good gods. I suppose you’ve claimed all the mis-sold PPI back as well?
DearBoy:
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …Free Money? Approximately 120,000 people a year go bankrupt, so 35,000 x 120,000 = £4.2billion. A year. Every year. Remember the credit crunch? Good giggle that, eh? People like you caused it, that’s why the economy’s Donald Ducked and stuff costs more while we get paid less. Free money! Buffoon!
On topic, pay it off regular and don’t use it to pay for stuff you want, only stuff you need.
ps before someone launches into me I know some go bankrupt through no fault of their own and they probably don’t all involve card misuse. Free money, good gods. I suppose you’ve claimed all the mis-sold PPI back as well?
not only the ppi my dear boy but bankruptcy for a second time … I don’t know about you my dear boy but I look after me and up yours if you don’t enjoy free money as I do …
4aaaa4dd:
DearBoy:
4aaaa4dd:
just do what I did £5000 on the card spend spend spend then when you’ve been given one the other companies will be falling over themselves to give you more £35,000 in total before I went bankrupt and what a great time I had ? only took me 2 years after bankruptcy to get credit again ? go for it as long as you don’t own your own house its like free money ? …Free Money? Approximately 120,000 people a year go bankrupt, so 35,000 x 120,000 = £4.2billion. A year. Every year. Remember the credit crunch? Good giggle that, eh? People like you caused it, that’s why the economy’s Donald Ducked and stuff costs more while we get paid less. Free money! Buffoon!
On topic, pay it off regular and don’t use it to pay for stuff you want, only stuff you need.
ps before someone launches into me I know some go bankrupt through no fault of their own and they probably don’t all involve card misuse. Free money, good gods. I suppose you’ve claimed all the mis-sold PPI back as well?
not only the ppi my dear boy but bankruptcy for a second time … I don’t know about you my dear boy but I look after me and up yours if you don’t enjoy free money as I do …