Question about credit card payments?

Ben8282

nicetomeetyou wrote: »

Thank you for your replies.

I didn't make my first question very clear, sorry about that. I wanted to know if I've spent all my £250 credit and then get a statement that says £10 minimum payment needs to reach them by 16th May and I go on the vanquis app and pay £100. Would that mean I have met the minimum payment even if I then spend the £100 again straight away?
I don't really have a need for a credit card. I only wanted one to build my credit rating up so when my appointee continues with his refusal to purchase me the £4.250 Omega Seamster I want (even though I have more than enough money!!) I'll then stick it on a finance agreement than have him pay the monthly instalments. Same case if I want to travel abroad, I won't have to jump through hoops.

In answer to your question yes, the minimum payment requirement will be met.
I am concerned that you appear to believe that conducting your credit card account in this manner will 'build your credit rating up' as you put it. It will not; in fact it is likely to do exactly the opposite. All that you will achieve is to show potential future lenders that your financial situation is such that you are u/able to make full repayment of a credit card with a very low credit limit each month and are prepared to pay high interest for the privilege of borrowing a small amount of money.

18cc

Just for the sake of absolute clarity, the payment (minimum or £100 or whatever), as others have said, must be made AFTER the statement has been produced.

Terry_Towelling

So, what you are really trying to do, OP, is to outmanoeuvre your appointee because you know what you want and how to live your own life and you don't need any help from them or anyone else.

Best of luck.

Ben8282

What exactly is an 'appointee' in this context? Is it a legal guardian, a financial advisor, the holder of a POA or ?