Shout credit card

Does anyone have any experience of Shout credit card which is part of Raphaels bank?

Looking for ways of rebuilding credit and have been declined by cap 1, aqua and vanquis.

Thanks
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Comments

  • waqasahmed
    waqasahmed Posts: 1,926
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    Holy hell. That looks pretty much exactly like the Rise credit card. I'd stay away from that card. You get charged even if you don't use it. It's almost like carrying a PDL on a CC
  • jack172sp
    jack172sp Posts: 26 Forumite
    Have you tried the Barclaycard Initial? They will give you an instant decision and will be a hell of a lot better than one of those sorry excuses for a card! I wonder what it would work out at in interest if you had £200.01-£300 on it??? It's £540 in charges!
  • i honestly wouldnt bother
  • Anthorn
    Anthorn Posts: 4,362
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    Shout is a new one on me but I agree, don't bother. To get declined by Vanquis your credit must really be shot to pieces. Have you tried Capital One Secured?

    Other ways to build credit: Cashplus prepaid card creditbuilder, J D Williams account, sim only mobile phone contract.
  • SammenForLivet2
    SammenForLivet2 Posts: 583 Forumite
    edited 10 March 2013 at 8:17PM
    I would not recommend the card that the Op is recommending to anyone (sorry if this offends you).

    It looks like you are having a tough time OP.

    May I ask for your reason in wanting a credit card? Is it help rebuild your credit?

    If so, have you looked at the Cap1 secure card (I don't know if you tried - based on your post). If you can't get this - then it look like no know one will allow you to have one.

    BTW: I have had a glance @ Shout's website and the card is underwritten/promoted by the same people as Rice - Card Benefit Services LLC - I beleive they lend the money and Raphal Provide the card (it's like a prepaid visa card) - to my understanding.
    Good luck :)
    Thank you all for helping me make my day by saving money!
  • I was declared bankrupt in 2008 and I had debt with Barclaycard, cap 1 and Vanquis. I have a cashplus top up card with the credit builder on and a mobile contract (had this prior to bankruptcy) so hopefully this will help. I don't want to get into debt again (I learned the hard way from my mistakes as a teenager which led to my bankruptcy) but eventually I would like to have my own property which is the only reason I am looking to improve. I am not going to look any further into the Smile card, as it sounds like it is no better then a payday loan. I am hoping if I improve my credit rating a little I can apply to aqua again for this purpose.
  • Anthorn
    Anthorn Posts: 4,362
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    edited 17 March 2013 at 11:19AM
    I was declared bankrupt in 2008 and I had debt with Barclaycard, cap 1 and Vanquis. I have a cashplus top up card with the credit builder on and a mobile contract (had this prior to bankruptcy) so hopefully this will help. I don't want to get into debt again (I learned the hard way from my mistakes as a teenager which led to my bankruptcy) but eventually I would like to have my own property which is the only reason I am looking to improve. I am not going to look any further into the Smile card, as it sounds like it is no better then a payday loan. I am hoping if I improve my credit rating a little I can apply to aqua again for this purpose.

    I think you mean Shout card, not Smile card.

    The biggest problem with rebuilding credit is that only having credit accounts reporting to one or more of the CRAs can rebuild it. All credit accounts which have a balance is debt, it's just not bad debt unless you stop paying. I still recommend J D Williams: Spend a tenner on a personal account from time to time to keep the account fresh and pay it off each time and you have a nice up to date (green) account on your credit report.
  • I like they way they don't charge interest just a 'simple monthly fee' what a con trick
    Nothing to see here, move along.
  • SnowTiger
    SnowTiger Posts: 4,458
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    I like they way they don't charge interest just a 'simple monthly fee' what a con trick

    To be fair, the charges are clearly laid out. This message board is full of posts by people who haven't understood how interest is calculated on their credit card. They might find a fee easier to understand.

    And, as the monthly charge is based on the account balance when the statement is produced, it appears to allow punters to borrow up to £300 for a few weeks and only pay the £3.50 monthly maintenance charge if they clear the balance before their statement is produced.

    Compared to other short-term loan alternatives, such as payday loans and even high street bank overdrafts, Shout doesn't look like such a bad option.

    As an example, from 12th July, a £100 overdraft from my bank (Natwest) will cost me £90 a month.

    £100 on a Shout card would cost £15.

    Also, Shout reports to the credit reference agencies. A £100 credit card balance probably looks a lot better to potential lenders than a £100 overdraft.

    Having said that, despite its posh name and long history, Raphael & Sons do seem to prey on the less fortunate members of society.
  • UsetheFORCE
    UsetheFORCE Posts: 688
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    My partner has one of these, under the 'RISE' brand and to be honest, they are perfectly fine for rebuilding credit...HOWEVER if you intend to carry balances and a large amount, DON'T GET ONE!!!

    Although there is allegedly a charge even if you don't use it, we leave the car with a CREDIT balance on the statement date and so far have NEVER been charged the £3.50 a month charge.

    Also, it is effectively FREE of charges for the period between statement dates so long as the statement doesn't have a balance. My partner got one of these when they first came out...the charges are only £10 per £100 as opposed to the £15 per £100 they advertise now!


    Effectively a PAYDAY LOAN FACILITY, which if you act with restraint could work out relatively cheap and help your credit file.
    I have numerous qualifications in Business and Finance, Accountancy, Health and Safety and am now studying Law.

    Don't rely on anything I write as it may be wrong!!!
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