Newbie credit card help needed!

bluetonic84

Good evening all,

Am a huge fan of this site and knew that you all might be able to give me some good advice!

Have never had a credit card before and need to get one in order to pay for flights for a much needed summer holiday as not enough in debit account. It's going to cost about £1200 and I was just wondering what the best deal was. The Tesco credit card looks good but not sure how much the monthly repayments would be - complete newbie! I'd definately be able to pay it off within a year.

Once again thanks so much to anyone who can give a little advice, much appreciated

BugsyBrowne

bluetonic84 wrote: »

Good evening all,

Am a huge fan of this site and knew that you all might be able to give me some good advice!

Have never had a credit card before and need to get one in order to pay for flights for a much needed summer holiday as not enough in debit account. It's going to cost about £1200 and I was just wondering what the best deal was. The Tesco credit card looks good but not sure how much the monthly repayments would be - complete newbie! I'd definately be able to pay it off within a year.

Once again thanks so much to anyone who can give a little advice, much appreciated

First of all to be accepted for a Tesco card you need to have good credit.
To have good credit you would of needed to have a history in managing credit cards/loans before.
Have you any credit history?

bluetonic84

Not entirely sure about that (complete newbie). Only ever had debit cards but have standing orders that are set up for phone/tv etc.

BugsyBrowne

bluetonic84 wrote: »

Not entirely sure about that (complete newbie). Only ever had debit cards but have standing orders that are set up for phone/tv etc.

Have you had a credit card before or do you have one now?

YorkshireBoy

Age?
Home owner?
On Electoral Roll?
Job?
Income?
Any mobile phone contracts (past or present)?
Any loans (past or present)?
Current account managed well?

If you can pay within a year, then the monthly payments are (£1,200 / 12 £100 aren't they? Alternatively, as you'll see from the summary box, you could pay as little as £25 per month and the remaining balance before the 0% intro rate expires.

drbesty

Sounds like you don't have a bad credit history, but you don't have a good one either, as for repayments, it'd usually be either 2% of the balance or £5 a month, whichever is more

ironlady2022

Assuming that yo have never had a credit card then it's unlikely you will get accepted or 0% deals. These are saved for people with quite a good credit history and it seems you don't have one.