When did you last use a Credit Card?

postingalwaysposting

umm before the 14/5/06 when i had my lightbulb momment so prob over 4 months ago :T i havent got them anymore :T

great thread btw

david_hellier

In my experience using one credit card, payed off each month is a useful tool. However you need to record in a spending diary each transaction and decuct it from your budget, otherwise they are impossible to control, which is why so many get into trouble with them.

HomeJames_3

david_hellier wrote:

In my experience using one credit card, payed off each month is a useful tool. However you need to record in a spending diary each transaction and decuct it from your budget, otherwise they are impossible to control, which is why so many get into trouble with them.

I agree but i dont think ive got the disipline to do this yet too much of a temptation at the mo its a bit like AA admitting you have a problem then abstaining from it. Maybe in the future i can get to the stage where i can buy something then pay it off at the end of the month but im more inclined to spend spend spend so for now its better to have none.

DrBenway

Mid 30's and never had one.

Must be me ol' fashioned upbringing.

Debt free since birth.

HomeJames_3

postingalwaysposting wrote:

umm before the 14/5/06 when i had my lightbulb momment so prob over 4 months ago :T i havent got them anymore :T

Glad to hear youve also given them up keep up the great work!!

HomeJames_3

DrBenway wrote:

Mid 30's and never had one.

Must be me ol' fashioned upbringing.

Debt free since birth.

I got my first CC when we bought our house in 1996 and it went downhill from there only wish i could be as good with the finances. Whatever you do dont succumb to the lure of the CC congrats on having the common sense not to get into debt.

arnie&caseysma!

I had six.....just paid off Barclaycard and the phoned for the BT rate which they wud either do at 0% for 6 months with a 2.5% handling charge, or 6.9% for the life of the transfer with no handling fee. I have now transferred the balance from the card with the highest rate and a couple of others to the 6.9 rate so that I can pay a bit more each month to one card and actually see the balances going down!!!!

Edit: BTW I did cut them all up (apart from one which I now keep for emergencies only) but I keep them all in little envelopes in files with their respective statements so that I can transfers balances as you need the expiry date for that......

HomeJames_3

arnie&caseysma! wrote:

Edit: BTW I did cut them all up (apart from one which I now keep for emergencies only) but I keep them all in little envelopes in files with their respective statements so that I can transfers balances as you need the expiry date for that......

Congrats on getting your CCs under control its a great feeling isnt it. Ive also kept all my cut up CCs I thought id make a collage (not sure of spelling!!) or an abstract picture with them LOL maybe we should start a thread what to do with cut up CC bits!!

yung

I used mine everytime just to collect nectar point then pay it off when the statement come in

ZTD

david_hellier wrote:

In my experience using one credit card, payed off each month is a useful tool. However you need to record in a spending diary each transaction and decuct it from your budget, otherwise they are impossible to control, which is why so many get into trouble with them.

Or you can do what I do and use it solely to buy petrol. There's a limit as to how much petrol I can buy.