Rebuilding credit

Karen40_2

Hi all
Sorry if this wrong place but just after some advice.
I'm now on slow journey back to rebuilding my credit and have now received my Capital one secured card credit limit £200.00 and I've also applied for Simplybe account with credit limit of £150.00
I have been reading through quite a few threads and it seems best to pay the full balance of CC each month after I've received the statement thus no interest charges. Can you advise if best to just have one small purchase something I'd normally buy anyway like fuel and pay that off or is it better to use say half limit then pay that off in full each month?
Also with the Simplybe account should I pay the balance in full or leave a small amount to carry over which yes would attract small amount of interest but I don't necessary want to order stuff each month that I don't need to show I'm using the account.
Hopes this makes sense and sorry for going on just want to get it right after too many years getting it wrong.
Thank for taking the time to read.
Karen

CLAPTON

madness to pay interest
madness to buy things you don't need

just use the CC regularly for things you buy anyway ... half the credit limit would be fine and then pay in full each month

I don't know anything about simplybe but only use it when it's what you want and at a good price and pay in full each month

Karen40_2

Thank you for your quick reply. I'll use CC for weekly shop and fuel for a week and then repay it in full.. Makes sense really.
I will just use Simplybe when something I need then and repay in full after statement recd.
Thank you for your time.

Moneymash

I agree with the above poster. Try to pay off in full to avoid interest. If you can't always pay in full, pay more than the minimum and try not to spend above 80% of the credit limit.

Good luck.

Karen40_2

Thanks for the advice guys will certainly be paying in full so no interest is due.. Which is what I should have done yrs ago when got into trouble. Won't be making the same mistakes again!!