Card for a 19yo

Janie4Now

rwhunited wrote: »

Let me clear something up, my parents had money saved for university for me, and instead of going to uni I started an apprenticeship for Network Rail. I was given the money to put in an ISA at 16 when I was allowed, I then deposited the maximum amount each year until now. Therefore that is where my £16k came from.

OP - it is no-one's business except your own where that money came from and I'm sorry if you feel somehow besieged here. Your original question was a good one, just not one to which there is a good answer in your particular case (age, not any other reason!). Keep saving!

BTW, what a fantastic thing your parents did for you

UsetheFORCE

grumbler wrote: »

It's a good question, but absolutely OOT.
And even if the rate is low now, this is not a reason for losing the allowance.

Well assuming it isn't fixed, currently Santander offer 1.75% including 12 month bonus of 0.5%

or

0.1%

on CASH ISA's

so could do with switching...

Anyway good luck applying for a card, not sure you will get the limit you want though.

YorkshireBoy

rwhunited wrote: »

instead of going to uni I started an apprenticeship for Network Rail.

I think (and hope) that was a very good decision in this day and age, as you'll have significant transferable workplace skills when you're 22-24 and have 2-4 years post apprenticeship experience.

It's what I (and my eldest son) did and I've certainly got no regrets...and never been out of work in 35 years. I did go to university later in life...but only when I'd got my feet firmly on the career ladder.

[Deleted User]

smithers1981 wrote: »

i think this whole story smells a bit fishy, need to borrow £3k can't afford to save but have £16k sitting in an ISA think if the OP was made of wood his nose would be starting to grow!

The money is from his parents, it's entirely plausible the money is in his name (hence "his" money) but his parents have forbidden him from accessing it until x age, or condition y is met.

debrag

BugsyBrowne wrote: »

There's a big change in credit scoring now I also got a high limit with MBNA at 19 in the middle of the 1990's and most of that was spent withdrawing cash in Amsterdam.

hey I'm not that old lol Around 2001-2002 I got my first one.

ponbeam

He could be on the Santander Direct ISA issue 9 which was 3.3%-Better then any instant access accounts after tax in a long time !!

anon_ymous

Icey370 wrote: »

I got my first CC around 19, but it wasn't anywhere near £3k, I was given an initial limit of £1.5k with M&S. think your be lucky to get £3k initial IMO

I got a 3K limit at 19....

iAMaLONDONER

rwhunited wrote: »

To be honest "mate" the OP was regarding asking about a card, not your worthless opinion on what I should and shouldn't spend my money on.

So did you get the Credit card?