Recommended first credit card

frugaldad

Hi,

I was wondering if anyone can recommend a good credit card - I want to have it available as an emergenct fund that will never be used. Around £500 would be ideal.

Any advice would be greatly appreciated :T

[Deleted User]

Either your own bank or someone like aqua or Vanquis. Limit may be slightly lower than £500, but should rise if you use it appropriately - eg use each month and pay off in full.

Kim_13

Got my first card last year with a £500 limit - Capital One Classic Extra with 0.5% cashback on everything and a £10 annual bonus for paying on time.

Requires an average to good credit history though, so the Classic would be better if you have little/bad history. Also, the regular Classic seems to attract more limit increases than the Classic Extra.

planteria

CapitalOne would be my first thought...

or if you have a perfect record with mortgages/loans, perhaps try MBNA.

but i would rethink your strategy. i would get a card, set up a Direct Debit for the full value, and use it for your monthly spending: and just spend what you usually would. that way, you build your credit history with a consistent 'spend & repay & spend & repay'.:)

Dobbibill

My DS recently opened their first CC via TCB and got paid over £27 to open a Barclaycard Initial.
It is good to keep something for emergencies but doesn't build up any history if it's not used at all. Maybe use it for essentials instead of your debit card for things like fuel or groceries etc and then pay off in full each month.
I echo the comments above though about setting up a DD to pay off. Even if you intend to pay it manually in full, a DD for the minimum amount is a good safety net in case you have an unavoidable crisis on the due date.

Fruit_and_Nut_Case

The OP might find some previous threads useful.

• My first credit card
• My Very First Credit Card
• Applying for First Credit Card Questions?
• Looking for my first credit card - which one?
• My first credit card
• Thinking of getting my first credit card