Credit card advice...

[Deleted User]

Hi all,

I would like to get a credit card to make a one off purchase, costing roughly £2,500.

I saw that tesco have a credit card with 0% on purchases for 12 months, i was hoping i could pay it off in a year.

Do you see any disadvantages to this card?

As this will be my first credit card, so im abit worried.

Thanks in advance for your help

staffie1

You mention that it would be your first credit card. Please bear in mind that if you have little or no credit history, you might struggle to get one of the mainstream cards.
If you do get it, then sounds like the right choice as long as you do pay it all off within the 12 mths, or, if there is any balance remaining at the end of the term, you transfer it to another 0% balance transfer card before Tesco start charging you interest.

Brian1966

Have to agree with Staffie.
IF you have limited or no history you MAY struggle to get any mainstream card, particularly one with a healthy limit.
Good luck with it though, one search isn't going to harm you.
Dont however fall into the 'rejection spiral' ie turned down for one, apply for another and so on
Keep us all updated :beer:

jonesMUFCforever

Why not ask your bank what card they will offer you?
They will know how you run your account better than most.

debtdestroyer007

hey as a first time credit card user, why not try barclaycard platinum.

assuming you have other forms of credit and no adverse, registered to vote etc etc
i got accepted by them

never-in-doubt

debtdestroyer007 wrote: »

hey as a first time credit card user, why not try barclaycard platinum.

assuming you have other forms of credit and no adverse, registered to vote etc etc
i got accepted by them

I'm getting worried about you mate and your choice of cards for people.

I think it is time to quit before you start to alienate yourself from us lot.... we can't be associated with this !!!! mate..... please stop or you;re on your own.

never-in-doubt

[Deleted User] wrote:

Hi all,

I would like to get a credit card to make a one off purchase, costing roughly £2,500.

I saw that tesco have a credit card with 0% on purchases for 12 months, i was hoping i could pay it off in a year.

Do you see any disadvantages to this card?

As this will be my first credit card, so im abit worried.

Thanks in advance for your help

Have a read here: http://forums.moneysavingexpert.com/showthread.html?t=1626277

Do not apply for Barclaycard Platinum, highly unlikely you'll get accepted IMHO.