First credit card.

KxMx

I'm looking to get my first credit card, mainly for a long interest free period for purchases of £300 I need to make, secondly to have for emergencies.
I'm currently on Incapacity Benefit and was wondering how much this will affect my chances? I don't want to make too many applications, i'm concerned if i'm turned down several times it will affect my credit rating. The only credit i've ever had was Argos Additions account which was never used and closed.
I have found 2 cards that don't require a minimum income, Virgin Credit Card and Halifax all-in-one Credit Card.
I'd appreciate any adivce given!

Kavanne

Who do you bank with?

KxMx

I'm with HSBC. Did look into their card but it's pretty standard. The interest-free period on purchases is only 3 months.

Kavanne

Well if you are going to pay off in full each month then it doesn't matter.... even if HSBC advertise a minimum income, if you have a regular income and good account conduct they may still give you a card

CLAPTON

If you have never had a CC before then its unlikely that you will be given a 0% card as they usually go to people with excellent credit ratings. ... that unfortunately included 'proof' that you pay your debts properly (i.e. you already need a CC and your credit record needs to show it's paid on time)

best to get any old card ; use it regularly for things you buy anyway; set up a DD for the full amount so your never forget to pay on time... then your credit rating will improve.

However, I would strongly suggest you don't use credit on a low income... for emergnecies you need to save otherwise the CC will simply lead to a cycle of debt.

Using a 0% CC for purchases where you have already saved the money will earn you a litle bit of interest on the savings as long as you clear the debts in full before the special deal runs out.
after a while look for a 0% etc if you want to gain the bit of interest by saving your money and using the card.