What On Earth Do You All Do???

iambin

Just wondered what sort of people trawl the forum. Chavs to Chief Execs or just regular working folk like myself. Just a light hearted point of interest thats all...

Didn't think people would get so shirty about it and have their legal team go over my Barclaycard comment for inaccuracies.

Calm down dear, its only a jovial forum question...

Any

iambin wrote: »

Just wondered what sort of people trawl the forum. Chavs to Chief Execs or just regular working folk like myself. Just a light hearted point of interest thats all...

Didn't think people would get so shirty about it and have their legal team go over my Barclaycard comment for inaccuracies.

Calm down dear, its only a jovial forum question...

If that is what you meant by your post then I suggest you seriously work on your communication skills. Because it certainly didn't come across that way.

fozmcfc

I've never used credit cards like a debit card really, I've always just run up a debt and pay interest monthly.

That's until this year when I decided to sort my finances out. I transfered one card to a 0% for 16 months Virgin Card, this has enabled me to pay off another card next month and then set about clearing off the 0% card in the 13 months I have left on it. My aim is to be on zero balances by Sept 2010 and then to have just 1 card and use it in a responsible manner

bluffer

iambin wrote: »

Just wondered what sort of people trawl the forum. Chavs to Chief Execs or just regular working folk like myself. Just a light hearted point of interest thats all...

Didn't think people would get so shirty about it and have their legal team go over my Barclaycard comment for inaccuracies.

Calm down dear, its only a jovial forum question...

Dear me, I think a few folk caught the offended bus at your inoffensive question. it must be nice to have to the time to be Mrs Prickly of Surbiton.

zienna1981

everyotheridwasused wrote: »

If you do pay your balance in full every month (best way is by direct debit).

Can I just ask a question re the above?? When you set a DD up... do you have to stipulate the amount you pay???

Because I have recently ordered credit cards - which I want to be paid in full each month (credit rating reasons!)

but what if one month I owe £30 but the next I owe £100??

Any

zienna1981 wrote: »

Can I just ask a question re the above?? When you set a DD up... do you have to stipulate the amount you pay???

Because I have recently ordered credit cards - which I want to be paid in full each month (credit rating reasons!)

but what if one month I owe £30 but the next I owe £100??

It's variable DD you sign for - which means they can vary the amounts without giving you notice each time. However still set to the statement.

There are usually 2 types - one for minimum amount and one for full amount.

kriss_boy

Credit cards are the greatest money making tool on earth!! For the customer I mean!

I frequently sign up for the perks, cashback, vouchers etc. Then cancel them later on at no charge.

I recently got £30 off my virgin media bill by signing up to their credit card. £30 for doing nothing at all.

Easy money.

zienna1981

Any wrote: »

It's variable DD you sign for - which means they can vary the amounts without giving you notice each time. However still set to the statement.

There are usually 2 types - one for minimum amount and one for full amount.

very very very good

I have a seperate nationwide account you see.. and each time I purchase something on the credit card, I am going to transfer the exact amount from my halifax to the nationwide acc...

so at any given point there will be exactly the amount owed on my CC in my nationwide acc...

my nationwide acc is used for no other purpose (origionally opened for free worldwide withdrawals whilst travelling earlier this year)

one more question whilst i'm at it.. On reading through info on here.. I understand that irrelevant of APR, as long as I pay in full each month, there will be no extra charges... BUT.... do you think it would be sensible to have a little extra £££ in just incase??

Any

zienna1981 wrote: »

very very very good

I have a seperate nationwide account you see.. and each time I purchase something on the credit card, I am going to transfer the exact amount from my halifax to the nationwide acc...

so at any given point there will be exactly the amount owed on my CC in my nationwide acc...

my nationwide acc is used for no other purpose (origionally opened for free worldwide withdrawals whilst travelling earlier this year) But the DD won't go out until about 2 weeks after getting a statement, so you can always check your statement against the Nationwide balance.

one more question whilst i'm at it.. On reading through info on here.. I understand that irrelevant of APR, as long as I pay in full each month, there will be no extra charges... BUT.... do you think it would be sensible to have a little extra £££ in just incase??

Even if there will be any charges (late payment, though once DD in place shouldn't happen) they will not be high. £12-£20, depends on the card. The DD won't go out until about 2 weeks after you get statement, so you can always check the statement.

dfh

Credit Cards are good servants but bad masters.As long as you control your card,you will be fine.Once the card starts controlling you,you are in trouble.