vanquis Card

System

It makes no difference if you spend on groceries or a rare piece of fabric from Tibet.

You don't need to "spend on everyday stuff to build a positive history". Lenders don't see what you have spent on. I have a credit card that I put one coffee on per month. This is as beneficial as if I had put all my groceries and travel costs on .

[Deleted User]

beany_bot wrote: »

It makes no difference if you spend on groceries or a rare piece of fabric from Tibet.

You don't need to "spend on everyday stuff to build a positive history". Lenders don't see what you have spent on. I have a credit card that I put one coffee on per month. This is as beneficial as if I had put all my groceries and travel costs on .

You're just nit-picking now.

The point being made was use the card regularly and pay it back in full each month.

Willing2Learn

beany_bot wrote: »

It makes no difference if you spend on groceries or a rare piece of fabric from Tibet.

You don't need to "spend on everyday stuff to build a positive history". Lenders don't see what you have spent on. I have a credit card that I put one coffee on per month. This is as beneficial as if I had put all my groceries and travel costs on .

The reason I said everyday stuff such as groceries and travel costs, is because these things are already in the cash monthly budget and they are therefore affordable. It is meant to reduce the risk of the wrong type of spending on a credit card.

gionnetto

beany_bot wrote: »

You don't need to "spend on everyday stuff to build a positive history". Lenders don't see what you have spent on. I have a credit card that I put one coffee on per month. This is as beneficial as if I had put all my groceries and travel costs on .

It does make a difference on how often you are offered a credit limit increase though.

System

gionnetto wrote: »

It does make a difference on how often you are offered a credit limit increase though.

Woah. Talk about resurrecting a dead post!

sassy_one

beany_bot wrote: »

Woah. Talk about resurrecting a dead post!

Says the one starting a pointless debate.

nicetomeetyou

I read here that if you pay the balance off in full when statement comes you incur a 0% interest fee, this is false. You only incur 0% interest after two full months balances have been paid in full. I know this as the first month I spent all my balance of £250 and paid it off fully when my statement come and still got hit with £13 interest fees.

Terry_Towelling

Quite frankly, you'd be better off improving your sword skills - or messing about with birds!

Terry_Towelling

nicetomeetyou wrote: »

I read here that if you pay the balance off in full when statement comes you incur a 0% interest fee, this is false. You only incur 0% interest after two full months balances have been paid in full. I know this as the first month I spent all my balance of £250 and paid it off fully when my statement come and still got hit with £13 interest fees.

Really! Are you sure you paid before the payment due date - or did you make any cash withdrawals?

[Deleted User]

nicetomeetyou wrote: »

I read here that if you pay the balance off in full when statement comes you incur a 0% interest fee, this is false. You only incur 0% interest after two full months balances have been paid in full. I know this as the first month I spent all my balance of £250 and paid it off fully when my statement come and still got hit with £13 interest fees.

Wrong.....