**Opinions Please**

5AM

Could people please cast an eye over these two cards which are with my current bank (Lloyds TSB).

Opinions on whether these are "good" cards would be great bearing in mind I am a first time applyer of Credit Cards!

I know it depends on what I would be getting the card for but would just appreciate general opinions of these cards if folks could spare a moment.

Platinum Card- http://www.lloydstsb.com/credit_card...MAINplatinum1a

Advance Card - http://www.lloydstsb.com/credit_card...DMAINadvance1a


Cheers.

jonesMUFCforever

Does the advance card give you any free days before you have to pay.

You don't state the purpose for which you want a card so have you also considreed an Air miles card?

5AM

jonesMUFCforever wrote: »

Does the advance card give you any free days before you have to pay.

You don't state the purpose for which you want a card so have you also considreed an Air miles card?

Not interested in Air Miles as I don't travel

As I said, I know it depends on what I need it for but I am after general opinions as I shall only being going with one of these two as it is my first CC and am more likely to be accepted and will be easier to manage.

I will use a CC for general day to day costs which will be paid off when thew statement comes through but I will also use it for larger purchases (holidays etc...) which will need to be spread over a few months.

As far as I can see, no, the Advance doesn't offer any free days before you have to pay like the Platinum does, but I am still looking closely.

Any

Then I would apply for the one that has some days free interest period. Cards have up to 56 days. Which means that you buy something, get a statement, pay it off on time and no interest is incurred. If you don't have any interest free period, you pay from the moment you bought the thing until you repay it.
According to Lloyds website, the advance card has lower rate, but no interest free - if you are only going to use the card to buy flights etc and pay in full every month, this one is not worth it. Though it has 6 month 0% on purchases so if you are prepared to ditch it after 6 months go for it.
The Platinum one has 56 days no interest from the date of purchase, so I would go for this one - unless you want to buy something more expensive and repay it over period of time.

CLAPTON

the advance card seems a rather mad card and can see little merit in it.... i guess it may suit people who never ever clear their card and are content to pay interest all the time.

if its your first card then you may have to settle for anything you're offered( except the advance card of course)

use the card for regular shopping / petrol and pay in full... avoid the 'larger purchases' idea.... just save up instead otherwise you just never get round to clearing the debt and you pay loads of interest.. after all, if you can afford to pay the debt off plus interest, you can afford to save up for the items (avoiding interest)

jonesMUFCforever

You don't have to travel to use air miles. Have a look at their website for full details of what you can use them for.

5AM

CLAPTON wrote: »

the advance card seems a rather mad card and can see little merit in it.... i guess it may suit people who never ever clear their card and are content to pay interest all the time.

if its your first card then you may have to settle for anything you're offered( except the advance card of course)

use the card for regular shopping / petrol and pay in full... avoid the 'larger purchases' idea.... just save up instead otherwise you just never get round to clearing the debt and you pay loads of interest.. after all, if you can afford to pay the debt off plus interest, you can afford to save up for the items (avoiding interest)

One of the main purposes of getting a card is to pay for such holidays etc... and be covered under the section 75 refund thingy.

I could I suppose, which had not occured to me, save up before hand, pay on the CC and then pay it off in full when the statement comes through.

So thanks for that