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Just got my first credit card

rictus123
rictus123 Posts: 2,560 Forumite
1,000 Posts Combo Breaker Name Dropper
Looking to build up my credit rating and go self employed (builder) in 4 or 5 years. Just turned 18 yesterday, applied tonight and got £800 limit on RBS credit card at 26.9% apr.

This a good deal folks? I think so.
Work in progress...Update coming July 2012.

Comments

  • williham
    williham Posts: 1,223 Forumite
    It's alright, I'd pay it off every month for a while then apply for a 0% card.
  • yep, pretty good!
    'Sometimes you just need to keep your mouth shut'
    :j
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    I was pretty impressed myself. My outgoings that i have already will be going on it then it getting paid off in full at the end of each month.
    Work in progress...Update coming July 2012.
  • dfh
    dfh Posts: 1,073 Forumite
    Congratulations ! Make sure to set up a DD to pay off the minimum so you dont get stung with charges.And they pay off the rest each month.
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Well done! Do you bank with them?
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
  • Innocent_Guy
    Innocent_Guy Posts: 5,369 Forumite
    Remember that RBS has a nasty way of offering a card and then refusing on there "secondary checks"
    Bank Accounts - Barlcays Premier[/B] - £1000 o/d, HSBC - £200 o/d- First Direct - £500
    Credit Cards - Barclaycard £2000 - Silver Card £1300 - Flybe £7500 - HSBC £1000 - First Direct £2500 First Direct Gold £3000
    6 credit accounts closed in 2010!

    Official SOS Club number 001 - Dry until 01.07.10
This discussion has been closed.
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