Advice

ipond

Hi all. Quick question...

I have never had a credit card as I can't stand them but find myself in a position this month where I may require one to keep me going as I have recently started a new job and unfortunately need to wait 6 weeks before I receive payment. I only plan to use the card for day to day spending and hope to never need it again after this month (will probably chop it up).

Given the above what would be my best option? I've had a look at the options and for my situation I came to the conclusion that it probably doesn't matter which one I get?

My credit history is spotless and I have never missed a payment on anything.

Thanks in advance.

redpete

If you want to use it for a few weeks, pay it off immediately and then not use it again - it doesn't matter which you choose. Some might be easier to get than others though - depending on your credit history and earnings.

NPHammer

Just a word of warning - being new in a job can hit you very hard against some lenders credit scoring criteria.

For your circumstance I'd steer you towards Nationwide, Baclaycard or Fluid who all have good soft searches that will tell you your likely chance of acceptance without damaging your credit history with a hard search. All 3 of those providers have 0% interest offers.

ipond

Thanks for the advice. Completely overlooked the fact my credit history may be affected by starting a new job, would it be a double whammy if I'm technically not employed as I have just ventured into the world of contracting?

NPHammer

I guess that would mean you would be declaring yourself as self employed on applications? Different lenders will perhaps weight it differently but on the whole I would suggest that being employed by a company is more in your favour in terms of chances of acceptance.

Only real way to find out is by checking the soft searches. If as you say other than your job situation your history shows a pattern of stability with no negatives you should be able to find a provider who will accept you.