When will my credit card help?

MrJazz302

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!

Ben8282

Difficult to say as there are so many other factors to be taken into consideration.

Superscrooge

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.