looking for a 0% card

quintwins

hi we've never had a credit card before but we we're talking baout it the otherday and we're thinking maybe we should get one to help improve our credit rating as we've never had any credit other than mobile contracts, so can anyone help me find a card with 0% on purchases, we would be using it just to pay for stuff we pay for in cash now so would all be paid off so thats not an issue

splatt30

Tesco & Sainsburys are both offering a card which is 0% for 12 months on purchases. However, in view of your lack of credit history I suspect it unlikley that you would be succesful in obtaining one of these cards. If you are keen to build your credit rating try getting a card from your bank. Use it for your everyday purchases and clear it in FULL every month. If you pay the balance in full every month it doesn't matter what the APR on the card is as you won't pay any interest (provided you don't use the card to withdraw cash).
After 12 months of this your credit rating will be improved and you could then look at some of the better deal cards.
Good luck

dylanuk

If you're new to credit you may well be better off applying for a 'new to credit' type credit card and building up some history first.

The interest rates on these cards are very high though - and shouldn't be used for borrowing - instead set up a DD and pay off the balance in full each month.

The other option is to go through your bank and ask them - as they are the people most likely to offer you a card as they have a history with you managing a current account.

quintwins

so if we get a normal card and pay it all of do we not pay anything?

again i'm new to this not 100% on how they work, we're just planning to use it for our weekly shop ect instead of taking cash out

dylanuk

If you pay the credit card off in full by the due date then you shouldn't be charged any interest - as most credit cards offer a standard 'interest free period', which is about 25 days after each statement date in which you can pay off your full balance (and if you've done the same the previous month) you won't incur any interest charges on purchases.

Bear in mind that doesn't apply to cash withdrawals - so don't withdraw cash.

There is a guide here that explains more on building up a credit history and how to use a credit card http://www.credit-card-comparison-on.../bad-credit-rating/how-they-work.html