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Will this cause bad credit rating?

2»

Comments

  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    Deleted_User wrote: »
    It means you won't improve your credit rating then. The only benefit you're getting from the card is the section 75 protection.

    I'd recommend you wait until the statement so you can start getting some good usage history.

    True that, but i don't want the 'interest' i just want a credit history hence why i pay it of after 2/3 days of using it.
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  • Plxply
    Plxply Posts: 594 Forumite
    Lith wrote: »
    True that, but i don't want the 'interest' i just want a credit history hence why i pay it of after 2/3 days of using it.

    You don't pay interest if you pay it off on the next statement, as long as you pay your card off in full every month then there is no interest. I have been doing so ever since I got a credit card, I normally pay as soon as the statement is generated online and I've never been charged any interest.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Lith wrote: »
    True that, but i don't want the 'interest' i just want a credit history hence why i pay it of after 2/3 days of using it.

    You'll have zero history if you always pay off before the statement. Wait for the statement, pay in full. Then you get zero interest and good credit history.
  • Lith
    Lith Posts: 897 Forumite
    Tenth Anniversary 500 Posts Combo Breaker
    hmm wasn't aware of that, thanks
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