1st CC applied for today, advice on DD

osaddict

I'm pretty sure I need to go to New York in the not so distant future, so today I researched spending over there. At the moment I just have a NatWest Visa Debit, this is on Martin's list of evil cards. So, I read the article and went for the Halifax Clarity card.

I've not had a credit card before (quite simply because I've not required credit, yes, I think I have neglected the other benefits though) so I'm not sure about the paying off process?

I see everywhere on the site about setting up a Direct Debit to pay the card off in full each month. This is something I'd like to do, how do I go about doing this? - Not sure if it's something I need to do from NatWest (where I hold my current account) or Halifax (where I'm getting the card from).

Advice or tips most welcome

Thanks

glider3560

Give Halifax a call. They will take your Natwest account details and set up the direct debit for you.

If you still have the "old" Halifax online banking, a direct debit can also be setup online. The "new" version doesn't include this feature.

SnowTiger

osaddict wrote: »

I see everywhere on the site about setting up a Direct Debit to pay the card off in full each month. This is something I'd like to do, how do I go about doing this? - Not sure if it's something I need to do from NatWest (where I hold my current account) or Halifax (where I'm getting the card from).

Advice or tips most welcome

Thanks

You need to contact the issuer of the credit card to set up a direct debit. You can usually choose to pay the minimum payment or the whole balance.

Sometimes it can take a while for the direct debit to be set up. Check your statement says something like payment by direct debit to be sure the direct debit is in place, otherwise you'll miss a payment and incur fees and nasty markers on your credit file.

CLAPTON

do not rely on the DD to pay the monthly bill until the statement explicitly says that the payment will be taken by DD

BugsyBrowne

osaddict wrote: »

I'm pretty sure I need to go to New York in the not so distant future, so today I researched spending over there. At the moment I just have a NatWest Visa Debit, this is on Martin's list of evil cards. So, I read the article and went for the Halifax Clarity card.

I've not had a credit card before (quite simply because I've not required credit, yes, I think I have neglected the other benefits though) so I'm not sure about the paying off process?

I see everywhere on the site about setting up a Direct Debit to pay the card off in full each month. This is something I'd like to do, how do I go about doing this? - Not sure if it's something I need to do from NatWest (where I hold my current account) or Halifax (where I'm getting the card from).

Advice or tips most welcome

Thanks

You will have to defiantly go for the natwest credit card as your current account is there, don't think about applying elsewhere as with no credit history think you might struggle to get one.

osaddict

star-fire wrote: »

You will have to defiantly go for the natwest credit card as your current account is there, don't think about applying elsewhere as with no credit history think you might struggle to get one.

I was accepted fine by Halifax when I tried earlier. I thought I might have got knocked back but it seems not. They accepted and gave me a limit etc.

Okay I'll have to give them a call when it's all working. Thanks people

BugsyBrowne

osaddict wrote: »

I was accepted fine by Halifax when I tried earlier. I thought I might have got knocked back but it seems not. They accepted and gave me a limit etc.

Okay I'll have to give them a call when it's all working. Thanks people

You done very well then to get a card from someone who don't know your account history and can see you have no history in managing credit.

Venusflytrap

I don't think it's as simple as saying that anyone applying for their 1st CC must apply from their bank otherwise they'll get rejected elsewhere.

Various factors contribute to credit worthiness, of which a track record of managing credit responsibly is only one of them.

BugsyBrowne

Venusflytrap wrote: »

I don't think it's as simple as saying that anyone applying for their 1st CC must apply from their bank otherwise they'll get rejected elsewhere.

Various factors contribute to credit worthiness, of which a track record of managing credit responsibly is only one of them.

Yes various factors contribute to credit worthiness, and top of the list is proven history on managing credit cards in the past.doh

Derivative

I never had any luck with my bank, had to go for a Vanquis.
Not quite sure why, I have a generous turnover. Could be that I don't use their savings offerings.

BugsyBrowne

EdgEy wrote: »

I never had any luck with my bank, had to go for a Vanquis.
Not quite sure why, I have a generous turnover. Could be that I don't use their savings offerings.

Or the most probable answer is you have a poor credit rating.