Credit Card Noob.

Reuben414

I'm a 20 year old student about to go into my final year of university and have decided that I would like a credit card just to help tide things over during the end of my studies. I've never been overdrawn on either my current (Santander) or student (Natwest) accounts. The only thing that I can think of that would give me any sort of credit 'score' is a mobile phone contract which has been paid monthly for the last 18 months. I've looked into applying for either a Post Office card, Tesco, Amazon or Play. I've used the Experian free trial and it gives me a rating of satisfactory - most likely due to my lack of credit thus far. Can anybody suggest which I should go for/am most likely to be accepted for? I really don't want to apply and then get rejected!

onlypaddy

.....or, you could utilise the 0% overdraft that will come with your student account, or apply with your banks for student credit cards which you are more likely to be accepted for. and not pay Experian to get information that you could easily get on the main section of this website for free.

I'm pretty sure advertising your products is not the reason you are given company representative status - in fact it says so in your signature section, so that will be reported...

Reuben414

onlypaddy wrote: »

.....or, you could utilise the 0% overdraft that will come with your student account, or apply with your banks for student credit cards which you are more likely to be accepted for. and not pay Experian to get information that you could easily get on the main section of this website for free.

I'm pretty sure advertising your products is not the reason you are given company representative status - in fact it says so in your signature section, so that will be reported...

Thanks, the thing is that Natwest never gave me an overdraft limit on my student account. When I enquired last year they said I wasn't eligible for one - no idea why. Unless it's due to the fact that they've realised that it's not my main account. I might look into their student credit card, as long as I can set the direct debit to come out of my current account rather than the student one. I have no interest in a short term loan, I already have a student loan (which is being banked straight away). Just a credit card, which will help to improve my credit score for after I graduate.

Experian_company_representative

To clarify, I'm not suggesting you spend any money with us. The price comparison service is free and if you're still on the free trial you might as well use it.

James

onlypaddy

Experian_company_representative wrote: »

To clarify, I'm not suggesting you spend any money with us. The price comparison service is free and if you're still on the free trial you might as well use it.

James

Apologies, thought you had to pay for that.

onlypaddy

Reuben414 wrote: »

Thanks, the thing is that Natwest never gave me an overdraft limit on my student account. When I enquired last year they said I wasn't eligible for one - no idea why. Unless it's due to the fact that they've realised that it's not my main account. I might look into their student credit card, as long as I can set the direct debit to come out of my current account rather than the student one. I have no interest in a short term loan, I already have a student loan (which is being banked straight away). Just a credit card, which will help to improve my credit score for after I graduate.

They would usually look for your student loan to be paid into it, yes. If you have a good history with the bank and its your first credit card then you will be more successful going down this route, otherwise it would have to be one of the credit building cards I think, such as Vanquis, Capital One Classic, Barclaycard Initial etc. This would be ok, as long as you pay off in full every month as interest rates are hideous

izools

Indeed, if you've never had a credit card before you'll be lucky getting approved for a mainstream card like the ones you mentioned.

Give you have atleast some history with your bank accounts and mobile phone contracts, and no adverse history (you've run your bank accounts within their terms all the time and paid your mobile phone on time every time?), your best bets would the the Capital One Progress and Barclaycard Initial.

The other cards are really for people with no credit history whatsoever and / or those with bad history of missed payments / defaults.

Good luck!

BugsyBrowne

Experian_company_representative wrote: »

I can't give you financial advice but you might be better off shopping around for a short-term loan. Credit cards can be a very expensive way to borrow money, unless you're able to get a cheap introductory deal. From the sounds of it you might struggle to get one of these.

If you've not yet cancelled your CreditExpert membership take a look at the Lower My Bills comparison service that you can use from within the member centre. It checks your credit report before displaying appropriate deals, meaning you're less likely to be refused if you apply for any of these. It might also be sensible to speak to an adviser at your Natwest branch as they may offer preferential rates to their student account holders.

Good luck.

James

James why don't you stop coming on here and feeding everyone with your credit expert trollop..

The score is a waste of money..

Lower my bills well what a laugh that is..

Until credit expert opens as a bank and give credit to customers experian has no right to charge people for stupid meaningless credit scores..

Adios..

Dr_Cuckoo3

onlypaddy wrote: »

Apologies, thought you had to pay for that.

They don't offer it out of kindness :rotfl:



£££££££££££££££££ comes from somewhere

Dr_Cuckoo3

Dr_Cuckoo3 wrote: »

They don't offer it out of kindness :rotfl:



£££££££££££££££££ comes from somewhere

http://www.lowermybills.co.uk/Content/TermsAndConditions.aspx

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