🗳️ ELECTION 2024: THE MSE LEADERS' DEBATE Got a burning question you want us to ask the party leaders ahead of the general election? Submit your suggestions via this form or post them on our dedicated Forum board where you can see and upvote other users' questions. Please note that the Forum's rules on avoiding general political discussion still apply across all boards.

'Specially selected' for Vanquis card

As the title says. Obviously that does not mean i will definately get one. Ive a rubbish credit history. But over the last 5 years every penny ive spent is my own. Should i go for it to rebuild my credit history or stick to my top up mastercard and get one of those £60 loans for the year to improve my credit rating. Like i said, ive spent only my own money, no credit/store cards left so this would be purely for my credit history ( and would be nice to buy concert tickets rather then begging someone else to do so on my behalf!)


  • [Deleted User]
    As long as you can pay it off in full each month then go for it. Don't wait until you really need credit before trying to build your credit history. Do it before it becomes a necessity.

    Plus you'll get the various benefits using of using a card, such as section 75 protection.
  • ElkyElky
    ElkyElky Posts: 2,459 Forumite
    Absolutely do not get that £60 loan rubbish. Total waste of money when you can do it for free via the subprime card route.
    We’ve had to remove your signature. Please check the Forum Rules if you’re unsure why it’s been removed and, if still unsure, email forumteam@moneysavingexpert.com
  • Hax
    Hax Posts: 890 Forumite
    I would recommend the Vanquis card - just make sure you pay it off in full each month - the interest rates are horrific!

    Never had any problems with them though :)
    My posts are my own opinions based on my experiences and info gathered from sites such as this.
    They are not a substitute for professional financial advice - but you knew that already didn't you? ;)
    VSP 2011 - Member #25 - Started 6th December 2010 - Total As Of 4th May 2011 (21 weeks in!) - £323.67/£500 - So far so good!
  • NekoZombie
    NekoZombie Posts: 1,664 Forumite
    First Post First Anniversary Combo Breaker
    Vanquis every time. By the way the £60 isn't really a loan. You are required agree to pay the £4.99 charge for 12 months minimum - which adds up to £60. For some reason they call it a loan...
    BCSC Member 70:j
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 8 Election 2024: The MSE Leaders' Debate
  • 343.9K Banking & Borrowing
  • 250.3K Reduce Debt & Boost Income
  • 450K Spending & Discounts
  • 236K Work, Benefits & Business
  • 609.2K Mortgages, Homes & Bills
  • 173.4K Life & Family
  • 248.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards