What type of card for me?

joeteds

Hello all
Years ago I got into quite a bit of debt and had little choice but to enter an IVA which I completed about 4-5 years ago.Im now all sorted and am much more responsible with my money so all is good but Im thinking of getting a credit card to buy something I need quickly and want some advice.My credit score is good on experian (925 to be exact) so would getting a credit building card push it up even further or should I just get a normal purchase card? I won't even need it for that long and will be paying it off only over a few months so Im not sure if that sort of card could benefit me.Thanks for any advice.

HappyMJ

joeteds wrote: »

Hello all
Years ago I got into quite a bit of debt and had little choice but to enter an IVA which I completed about 4-5 years ago.Im now all sorted and am much more responsible with my money so all is good but Im thinking of getting a credit card to buy something I need quickly and want some advice.My credit score is good on experian (925 to be exact) so would getting a credit building card push it up even further or should I just get a normal purchase card? I won't even need it for that long and will be paying it off only over a few months so Im not sure if that sort of card could benefit me.Thanks for any advice.

Any 0% on purchases card will do. I'd go for one that suits your repayment period such as 6 months and save the ones with very long interest free periods for when you want to pay something off over a much longer period.

If you open one with a 30 month interest free period you may find it difficult qualifying for it again when you really need it.

bigadaj

joeteds wrote: »

Hello all
Years ago I got into quite a bit of debt and had little choice but to enter an IVA which I completed about 4-5 years ago.Im now all sorted and am much more responsible with my money so all is good but Im thinking of getting a credit card to buy something I need quickly and want some advice.My credit score is good on experian (925 to be exact) so would getting a credit building card push it up even further or should I just get a normal purchase card? I won't even need it for that long and will be paying it off only over a few months so Im not sure if that sort of card could benefit me.Thanks for any advice.

Your experian score doesn't mean a lot unfortunately, and as your problems were less than six years ago then they may well be on your credit file and affect an application.

Have you tried the soft search option on the site and/ or with some of the companies, this will give you an idea of success without damaging your file.

Anthorn

joeteds wrote: »

Hello all
Years ago I got into quite a bit of debt and had little choice but to enter an IVA which I completed about 4-5 years ago.Im now all sorted and am much more responsible with my money so all is good but Im thinking of getting a credit card to buy something I need quickly and want some advice.My credit score is good on experian (925 to be exact) so would getting a credit building card push it up even further or should I just get a normal purchase card? I won't even need it for that long and will be paying it off only over a few months so Im not sure if that sort of card could benefit me.Thanks for any advice.

Whether you need a credit-building card or can go for more of a prime card depends on what accounts are on your credit history and the state of them. Personally, if I had defaults I would wait until they dropped off after 6 years and go for sub-prime credit building in the meantime.

Incidentally, I have noticed lately that "prime" is referring to a "prime credit history" but not to a "prime credit card" most recently by American Express. So a "card for a prime credit history" follows.