First credit card

planteria

"Earning loyalty points and having an interest free period on purchases are two things which make using a credit card more tempting than a debit card. You just need to make sure that you stay in control of your finances and avoid paying interest on your credit card balance which isn't a problem for a lot of people. However, give some people £2000 credit and they may see it as free money and use it without thinking about how they are going to pay it back."

bang on. i never use a debit card to buy anything. and don't use cash very often either. but i never waste any money...i just buy what i need/want.

Fruit_and_Nut_Case

planteria wrote: »

"Earning loyalty points and having an interest free period on purchases are two things which make using a credit card more tempting than a debit card. You just need to make sure that you stay in control of your finances and avoid paying interest on your credit card balance which isn't a problem for a lot of people. However, give some people £2000 credit and they may see it as free money and use it without thinking about how they are going to pay it back."

bang on. i never use a debit card to buy anything. and don't use cash very often either. but i never waste any money...i just buy what i need/want.

The button is your friend.

Cpu2007

planteria wrote: »

"Earning loyalty points and having an interest free period on purchases are two things which make using a credit card more tempting than a debit card. You just need to make sure that you stay in control of your finances and avoid paying interest on your credit card balance which isn't a problem for a lot of people. However, give some people £2000 credit and they may see it as free money and use it without thinking about how they are going to pay it back."

bang on. i never use a debit card to buy anything. and don't use cash very often either. but i never waste any money...i just buy what i need/want.

AMEX gold is a loyalty card and I always spend amount on a cc that I know I can pay in full each month. In fact, I've been using a previous lloyds amex for years and never been overdraft or in a situation where I couldn't pay what i spent on the cc.
If I pay in full there's no charge right? and when you say no spending-limit, does that mean I can take as much money as I want?

planteria

Amex Gold is a 'Charge Card', ie. you Have To pay in full. and they don't issue a Limit to you, from what i understand. however, it would be interesting to know how far they would allow you to push.

the card has a fee. but yes, assuming DD takes your full payment you wouldn't be charged any further fees/interest. not sure how they handle things if your payment cannot be covered.

i use an Amex Platinum Cashback Credit Card as my primary spending card. i know people who swear by the Amex Platinum Charge Card, the service, rewards, etc. but i don't fancy the £450/yr fee:think:

Cpu2007

The only fee my card has,I believe, is an annual fee of £125
https://www.americanexpress.com/uk/content/gold-card/
but this is waived the first year, reason why I considered this card.

Does your card have a limit? how far did you push it?
I'll give them a call to see, for example it would be nice to make big purchases, I'd like to buy a car and the possibility of paying through this card would give me the advantage of gaining a good number of reward points.
Having said that, I know that most traders charge on c/c; let's say I'm allowed to pay 10k with this card,is it worth buying it through this card even though there's an interest i'll be charged?

planteria

yes, my card is a credit card with a £5k limit. i have pushed it to the last penny...infact i have spent double that in a month, by clearing, followed by further purchases. i don't have a fee on this card, although i understand there is one now.

rabbit_burrow

Ask your bank to check their 'back office' to see if you're pre-approved for any credit.

The system (well, at least it was 9 years ago) would show a credit limit for a credit card and a loan amount that a customer was already approved for with the bank.

reclusive46

Cpu2007 wrote: »

The only fee my card has,I believe, is an annual fee of £125
https://www.americanexpress.com/uk/content/gold-card/
but this is waived the first year, reason why I considered this card.

Does your card have a limit? how far did you push it?
I'll give them a call to see, for example it would be nice to make big purchases, I'd like to buy a car and the possibility of paying through this card would give me the advantage of gaining a good number of reward points.
Having said that, I know that most traders charge on c/c; let's say I'm allowed to pay 10k with this card,is it worth buying it through this card even though there's an interest i'll be charged?

First of all, none of the Amex charge cards charge interest, you just pay it off in full.

The preset spending is very flexible, build your spending up with them slowly and you'll be able to spend quite a lot in a single month.

If you want to buy something above your exposure limit (The purchase limit in the month, this figure is not shown to the customer) you can get in contact with the underwriters and they will allow you to prepay (Do it through them though, you can't normally prepay).

Sometimes the underwriters will even allow you to do it without prepaying if they know what the payment is for.

Cpu2007

great, thank you, I will definitely look into this.

By calling the customer service of AMEX, can I get in touch with the underwriters?