New to this, should i get a credit card?

dannyp86

Hi all, i'll be looking for a mortgage next year around september 2013, however i have had problems with my credit before, some late payments etc, i have checked my credit report which says good (927 if this means anything to anyone?) according to experian. I have never had a credit card though and the ones experian say i am likely to be accepted for are like 39% apr, but i was thinking to get one and just spend very little on this to aid my chance of getting a good mortgage next year.
What is everyone's views on this i know you will all have far better ideas than me, thanks Danny

YorkshireBoy

Ask your bank first...the one that receives your salary. If they say no then your only option is a credit builder card...and they charge circa 34.9% APR (or more!).

dannyp86

im not bothered about the apr, i wont use it very much, just was curious if this would help to get a good mortgage

CLAPTON

hopefully you won't care about the APR because you will pay in full each month and so you will not be charged interest

best to use it every month for things you anyway buy (maybe petrol or shopping) and pay in full and on time: this will show you as a responsible person with credit

best to set up a DD for the full amount so you don't forget and damage your credit rating

Fruit_and_Nut_Case

dannyp86 wrote: »

...my credit report which says good (927 if this means anything to anyone?)

You know this number; Experian knows this number; now even we know this number. A credit provider would never be told, so in that sense it's worthless.

dannyp86

so should i get a credit card? yes i will pay each month in full, would it be beneficial to my profile if i got a card and used it in this manner?

Tremour-88

dannyp86 wrote: »

so should i get a credit card? yes i will pay each month in full, would it be beneficial to my profile if i got a card and used it in this manner?

Yes it would, Cap One classic is probably the lowest interest subprime which almost anyone will get