credit card (uk) questions ....

[mike639]

I have just turned 18 and want to get my hands on good 0% interest credit card, I know there may be a few on this forum that know all about credit cards i would have just pm'd them but I thought it may be decent info to anyone else.

So your probably saying to yourself well yeh there are loads out there but I need one that I will get accepted for whilst Im in a part time job, I am a student by day shelf stacker by night, i earn around £420 average per month ( depends on how much overtime I do) I think thats around £5000 per year, any help & advice is very much appreicated.

[MarkB]

www.lowinterestcards.co.uk ;)

You can also get ones that aren't on that site (yet) - Natwest do one, for example, but it may only be 0% on balance transfers...

I don't think there are any that are 0% on purchases *forever*, although some do 0% for 6 months from signing up...

On your salary, it might be best to just go for a Switch or Visa debit card, though - although you probably have one :)

[incka]

Also you look like you could easily get into debt. Check out this site: www.debtmanagementguide.co.uk for a guide of how to get out of it, if you get into it...

[DaveM]

and once you get outta debt and have some money for luxaries, what you will probably want to get is a new cell phone

http://www.cellphonereviews.net

Ok, next...

[r2d2]

If you take a few guides at http://www.casinoreviewpages.com/, then you could win some money, and never need a credit card! :D

Seriously though :) Why do you want a credit card? If its just sso you can buy more 'stuff' without paying for it yet, then its really not the way you want to go. CCs are the most expensive way of borrowing money. Wish I never used mine so much, but its nearly paid off now :)

[MarkB]

Definitely agree with R2. I started my CC overview site because my wife and I were shopping around so much for the best 0% transfer deal to cover our CC debt (which we hope to have completely cleared this year!) gained from 10 months of me not working.

If you're a student, the last thing you want is to get into a new cycle of debt, which is just what a credit card is.

If you want to be able to pay for things online, then Switch is used on most UK sites, and many suppliers now take PayPal - which you can fund through your Switch or Solo card :)

[r2d2]

Best advice I heard was to always swap 'credit' with 'debt' when thinking of 'credit' cards.

Doesnt sound so good when you have to use a 'debt' card to pay for things. And when they say your 'credit' limit has been increased, think of it as your debt limit has increased.

[MarkB]

That's a great way of thinking about it :) Banks make credit cards sound like the greatest things on earth - which I guess they are... for them ;)

[mike639]

thanks for all the advice , i'll have a think about it .