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Tesco Foundation Credit Card

edited 30 November -1 at 1:00AM in Credit Cards
3 replies 1.1K views
dancook96dancook96 Forumite
3 Posts
Second Anniversary First Post
MoneySaving Newbie
edited 30 November -1 at 1:00AM in Credit Cards
I'm using the Tesco Foundation Credit Card to 'intentionally' build my credit. I have a limit currently for £250 and use it to the max each month and pay it off in full monthly upon receiving my salary.

What is the best way to use this kind of card to boost credit? - HELP


  • jimbo26jimbo26 Forumite
    954 Posts
    Part of the Furniture 500 Posts Name Dropper
    Just keep doing what you're doing, and you will build a positive history of managing credit
  • eDickyeDicky Forumite
    5.5K Posts
    Sixth Anniversary 1,000 Posts Name Dropper
    dancook96 wrote: »
    and pay it off in full monthly upon receiving my salary.
    Regardless of when your salary is received, pay off the amount that has already appeared on your statement, not before, so that your credit activity is reported and added to your creditl history.
    Evolution, not revolution
  • Somerset_La_La_LaSomerset_La_La_La Forumite
    995 Posts
    Fifth Anniversary 500 Posts Name Dropper
    Also although £250 is a pants limit, try not to max it out. Anything over 70% utilisation and it's viewed pretty negatively. It's hard with starter cards (I'm in the same situation!) but I'd try and keep the balance on the card at a maximum of £150-175 until the limit is pushed up.

    Also as eDicky says, pay when they tell you to pay as that proves you are using it properly.

    Preferably setup a direct debit for the full amount - but keep paying manually until they tell you on one of your upcoming statements that the direct debit of £xxxx will be taken on xxxx.
    Used to work in Underwriting. Only the lender can give a definitive answer to queries
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