My first credit card

benjy25

Mr_K wrote: »

I wouldn't let that worry you. I have have credit cards for years (never paid a penny interest, always paid off in full which is the only way to use them). Most of them have limits of several thousand. However I am considering adding the Luma Card to my collection because of the 4% cashback (drawback being its limited to £224 spend a month).

Its a good sign that you are going for a cashback card and aren't worried about interest rates as you'll be paying off each month. Go for it and see if they accept you to begin with. You can always cancel/close it down if you change your mind - just make sure you set up the DD to pay the full amount as soon as you get it.

I've got a couple of questions regarding the application form.
When the form says household income does this include my parents?

Also what is an immediate cash advance? (I'm assuming I personally don't need one)

And finally can anyone advise me of the minimum amount of credit I should apply for? e.g high or low (Or should I just select the amount that I want)
Thanks
Ben

jamesmcinally

what's the best card for someone who has bad credit history but starting to rebuild and pay off current debts?