Fellow students or under-22s on this forum?

anon_ymous

iAMaLONDONER wrote: »

Hello.

Are there any current or recent students here who can share experiences in the world of credit.

I feel we are under-represented on this forum lool

I'll add to this later

So this is you?

http://www.thestudentroom.co.uk/member.php?u=611662

DragonQ

I'm a PhD student with £27k of debt. Haven't started paying it back yet, but with savings accounts at 4-5% and the current student loan rate being 1.5%, it isn't worth it!

I buy most of my stuff on a 0% interest credit card so I can earn as much as possible in interest.

anon_ymous

Herbalus wrote: »

Of course. Tonnes of people at university are in overdrafts and have credit cards. The difference is that most of them would have preferred not to be in them, whereas the OP seems to enjoy having them.

I rather enjoy my OD and credit cards

I've taken the OD out entirely and put it in a savings account and I get cashback on my credit cards

iAMaLONDONER

waqasahmed wrote: »

So this is you?

http://www.thestudentroom.co.uk/member.php?u=611662

If this is you?

http://www.thestudentroom.co.uk/member.php?u=576439


:rotfl:

DunPin

Herbalus wrote: »

Of course. Tonnes of people at university are in overdrafts and have credit cards. The difference is that most of them would have preferred not to be in them, whereas the OP seems to enjoy having them.

Really? I enjoyed having an overdraft and relished the extra spending power it gave me although I did have my parents paying it off monthly as well as paying in extra.

OP does seem to relish having credit cards but I don't see why not if he is getting benefits from them, I wouldn't have minded having a credit card if it gave me rewards when I was at university due to the amount I spent... actually I regret getting my Barclaycard first (my HSBC student credit card doesn't count ) instead of going for a Hilton or Virgin Atlantic card would've loved the rewards :rotfl:

iAMaLONDONER

Herbalus wrote: »

Of course. Tonnes of people at university are in overdrafts and have credit cards. The difference is that most of them would have preferred not to be in them, whereas the OP seems to enjoy having them.

I love to 'stooze'

Making money makes me happy

:beer:

iAMaLONDONER

DunPin wrote: »

Really? I enjoyed having an overdraft and relished the extra spending power it gave me although I did have my parents paying it off monthly as well as paying in extra.

OP does seem to relish having credit cards but I don't see why not if he is getting benefits from them, I wouldn't have minded having a credit card if it gave me rewards when I was at university due to the amount I spent... actually I regret getting my Barclaycard first (my HSBC student credit card doesn't count ) instead of going for a Hilton or Virgin Atlantic card would've loved the rewards :rotfl:

Thank you :beer:

I'm building up my credit rating! At 18 , I doubt I'll be able to get a Virgin or Hilton card (yet)!

The fact I can stooze (even temporarily using the up to 56 days interest free)

iAMaLONDONER

DragonQ wrote: »

I'm a PhD student with £27k of debt. Haven't started paying it back yet, but with savings accounts at 4-5% and the current student loan rate being 1.5%, it isn't worth it!

I buy most of my stuff on a 0% interest credit card so I can earn as much as possible in interest.

Good- how old were you when you got your first 0% card?

guesswho2000

iAMaLONDONER wrote: »

Thank you :beer:

I'm building up my credit rating! At 18 , I doubt I'll be able to get a Virgin or Hilton card (yet)!

The fact I can stooze (even temporarily using the up to 56 days interest free)

Maybe soon though, I got my Virgin card when I was 19. That was nearly a decade ago however, so maybe they're stricter now?!

212

Virgin credit cards are run by MBNA. I applied and got rejected, appealed it and escalated that and they sent me a letter from someone high up (apparently) which seemed very personalised.

They understand my frustration etc etc, but do not offer any of their cards to anybody not in Full Time employment. Once I leave education for good, I'm welcome to reapply etc. If that is indeed true (my credit was fairly decent back then - no debt, long history of payments) I can't see the OP getting very far until the degree ends (assuming they're a student at uni? Rather than college)