Advice please?

Geordie_bear

I've decided to finally take the plunge and get a credit card.

I've never taken one out for 15 years I simply don't like them but if you play the game & of course pay off (in full) each month then they simply act like a debit card which gives you cashback & other benefits.

Our circumstances are this:- we've both got several grand in our ISA's our Current Account is well in the black, neither of us have any HP or Loans owing (apart from Mortgage) we don't even have a contract phone (it's PAYG). When I spoke to a mortgage adviser about getting a better deal she mentioned that as we have no credit history it can actually go against you?!:eek:

I've my eye on the Capital One cashback credit card but my partner & I only earn £15k each & they stipulate £20k salary minimum! Will they let us on as a joint application?

YorkshireBoy

They say they're "more likely" to accept you if your income exceeds £20K.

They also say they're "more likely" to accept you've had credit cards in the past...and you haven't.

Being as you can only meet two of the four eligibility criteria listed I'd be inclined to give it a miss, unless you fancy throwing in a speculative application?

Alternatively, the Amex Platinum cashback card stipulates a 'household income' of at least £20K so that may be an option?

As a last resort, how about a card from your bank?...the one that receives your salary?

A couple of final points:

There's no such thing as a 'joint credit card'. There's a primary cardholder, and an additional cardholder.

Card providers can't see your savings account balances, and will only see that your current account is not in the red (ie they can't see it's "well in the black"), when they search your credit file.

Geordie_bear

Thanks I'll look in to that YB, the Amex Platinum looks just the job cheers