Credit Card help please

Simo429

I did try and hijack another thread on credit card advice but got no replys so sorry if you have already read this

I want to start by saying that I have already searched the website for advice but being a credit card virgin (other than a very low maximum student credit card that gets used for a tenner a month) who has been raised to not borrow I have never needed to learn about the like.

My wife and I are looking for a rewards based credit card for us to do all of our everyday purchases on (e.g. petrol, food, entertainment) and any larger purchases that we make. We never go over drawn so paying it off each month is not a problem. We are looking for something rewards based because it seems silly that when the credit card companies won't make any interest from us we aren't earning the rewards we could be.

We don't want to pay a charge for the credit card as I have seen some that require that, I would also quite like one with an app where I can track my spending on it from the phone.

Thank you for your advice

Stereo

Try the Capital One Aspire World.

Offers cashback, there's no annual fee, and you download an app for your mobile to track spending. 1.25% cashback after the promotional period ends.

Simo429

Does that mean for every hundred quid you spend you get a pound?

Do people who use these sort of deals rate them? Are they better than something like a nectar point/ club card rewarding card? How about airmiles which we are also interested in?

fozmcfc

It depends what sort of cashback you want, another couple of options for instance a Tesco card will give you clubcard vouchers or a M&S card will give you vouchers to redeem in M&S.

These cards also come with a 0% on purchases for a certain amount of months from account opening, in the case of M&S 15 months.

I'm just coming to the end of a 15 months 0% opening offer on my M&S card.

Basically with what I have spent, I've got £13 worth of M&S vouchers and another couple of quid to come.

All this without paying any interest, because despite the fact I haven't cleared the balance each month (which you need to normally do to avoid interest), I didn't need to because as I said for the first 15 months, as long as you pay the minimum payment required each month, it is interest free.

In the future as long as I pay off the balance each month, I can put everything on my M&S card, avoid interest and still get vouchers from time to time.

The downfall is that these cards and a lot of others, usually require a decent credit history to get them.

YorkshireBoy

Simo429 wrote: »

I want to start by saying that I have already searched the website for advice...

You must have missed this on the main site...

http://www.moneysavingexpert.com/cards/ (click the 'cashback & rewards' tab)

Stereo wrote:

1.25% cashback

...

Simo429 wrote: »

Does that mean for every hundred quid you spend you get a pound?

Er, no...it means you get £1.25 per £100 of spend!

Simo429 wrote: »

We don't want to pay a charge for the credit card

Not even if it means you get more cashback? You should never discount products with fees, if your spending pattern means a better net return.

Simo429

YorkshireBoy wrote: »

You must have missed this on the main site...

Link not allowed (click the 'cashback & rewards' tab) ....

as said I researched but wasn't completely sure what I was reading not that I hadn't found it

YorkshireBoy wrote: »

Er, no...it means you get £1.25 per £100 of spend!
.

Thank you. Yes I did realise there would be the 25p I was being rough to make sure I was understanding it right

YorkshireBoy wrote: »

Not even if it means you get more cashback? You should never discount products with fees, if your spending pattern means a better net return.

Its a big step to start paying for something when you have never done it before, I don't want to pay a 100 quid for a card and then find that its not convinient to use it and decide to not bother after a week