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When will my credit card help?
MrJazz302
Posts: 10 Forumite
Hello everyone,
I've had a credit card from Vanquis with a limit of £250 for a few months now and I've been using approximately roughly £70-£120 of it every month and paying my balance in full.
How long do I need to keep this up for in order for it to help me build a good credit history so I can apply for a better credit card, bank account and possibility a car on finance in the future.
Thank you!
I've had a credit card from Vanquis with a limit of £250 for a few months now and I've been using approximately roughly £70-£120 of it every month and paying my balance in full.
How long do I need to keep this up for in order for it to help me build a good credit history so I can apply for a better credit card, bank account and possibility a car on finance in the future.
Thank you!
0
Comments
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Difficult to say as there are so many other factors to be taken into consideration.0
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It does vary from one provider to another but a rough gauge would be.....
At least 6 months before Vanquis will increase your credit limit.
Other more mainstream cards like to see at least 12 months of responsible credit card use, before a lot of their better deals are open to you.0
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