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I want a credit card that suits me... help!
lalman
Posts: 279 Forumite
I want a credit card that rewards me...
I am a high earning person, no debt apart from a mortgage... I have upto now paid everything from my debit card... and have a credit card with my bank that if I use it pay it off at the end of the month in full....
My expenses are relatively low but I tend to use my credit card like most people I assume for Sainsbury's shop, Petrol from Sainsbury's (as I have a nectar card) and eating in resturants 2/3 times a month...
Any suggestions would be greatly appreciated and thank you in advance.
I forgot to mention - I want something that's easy to pay off.... a card that I can either logon the web and pay off... no paper statements or going into a branch etc... I am currently banking with Natwest if that helps..
I am a high earning person, no debt apart from a mortgage... I have upto now paid everything from my debit card... and have a credit card with my bank that if I use it pay it off at the end of the month in full....
My expenses are relatively low but I tend to use my credit card like most people I assume for Sainsbury's shop, Petrol from Sainsbury's (as I have a nectar card) and eating in resturants 2/3 times a month...
Any suggestions would be greatly appreciated and thank you in advance.
I forgot to mention - I want something that's easy to pay off.... a card that I can either logon the web and pay off... no paper statements or going into a branch etc... I am currently banking with Natwest if that helps..
My Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.
48.78% towards 2015 target.
105.3% towards 2014 target. :j
48.78% towards 2015 target.
105.3% towards 2014 target. :j
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Comments
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The magic word is 'cashback', unless you want Avios points or something similar...0
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which one do you suggest?My Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.
48.78% towards 2015 target.
105.3% towards 2014 target. :j0 -
AmEx seem to be the go-to cards for higher-earners who want to earn some cashback/points. They have a variety of different cards, all giving different rewards and charging different fees.
Just FYI, probably easier (and better for your report) if you just set up a direct debit to pay off the balance in full every month on your credit cards. The way you're saying it, doesn't sound like you ever actually have a statement generated.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
which one do you suggest?
Read the article on this site and other resources, and make your own decisions.
Another poster has suggested American Express, but most of their cards have subscription fees and you would need to be spending thousands every month to earn significantly more in cashback than you would spend on the fees.0 -
which one do you suggest?
Assuming you are paying more than 1.25% on your mortgage you could get a 0% on purchases card Halifax offers one for 20 months.
Pay only minimum payment and put the rest of the money into your mortgage.
Assuming you put about £500 a month on your cc. If I do as above you could put about £450 aside a month £9000 over 20 month should save a bit of interest.0 -
So long as they will definitely be able to afford to pay off the balance of the credit card at the end of the 0% period.Assuming you are paying more than 1.25% on your mortgage you could get a 0% on purchases card Halifax offers one for 20 months.
Pay only minimum payment and put the rest of the money into your mortgage.
Assuming you put about £500 a month on your cc. If I do as above you could put about £450 aside a month £9000 over 20 month should save a bit of interest.
Also, always pay above the minimum, even if it's by £1, it looks better on your credit report as you don't get a minimum payment marker.Credit 'Score' - Don't buy the credit 'score' that Experian, Equifax and Noddle want to sell you. It's an arbitrary number that means nothing when it comes to applying for credit.
ALWAYS HAVE A DIRECT DEBIT SET UP FOR THE MINIMUM PAYMENT ON YOUR CREDIT CARDS, REGARDLESS OF WHETHER YOU PLAN TO LOGIN AND PAY EACH MONTH.0 -
For ease, go with a Natwest Mastercard (yourpoints) - on this you collect points which can be exchanged for vouchers (sainsburys, amazon, many others) and the best bit is the card will be linked to your online natwest current account so the whole thing is on one screen, easy to pay off and see your balance etc when viewing your bank account.Debt Free 08/08/2014 :beer:
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