Best Credit Card for Work Expenses

maton91

Hello all,

I would like to boost my credit rating and thought a good way to do this was to apply for a credit card for my work expenses. When I apply for reimbursement of expenses these are paid off within 48 hours so I will always pay off credit card debts on time.

Problem is I have never owned a credit card as I have always sworn not to have one (if I don't have the money now then why spend?) so I don't know what card is best or at least what 'type' of card.

Can anybody advise please?

Thanks in advance!

[Deleted User]

It depends what you want.

Just to spend.
Rewards.
Cashback.
Avios.
Membership Points.

Dobbibill

Your own bank may be a good place to start unless you are looking at a specific kind of card as mentioned above.

maton91

[QUOTEIt depends what you want.

Just to spend.
Rewards.
Cashback.
Avios.
Membership Points.] [/QUOTE]

Tha ks for your reply. Cashback sounds most appealing to me, albeit my main aim is to increase my credit rating.

Forgive me as I'm new to all of this. I take it different cards have different payback periods? Also the high interest APR only applies when you don't pay back within the agreed time limit?

maton91

Dobbibill wrote: »

Your own bank may be a good place to start unless you are looking at a specific kind of card as mentioned above.

Thank you. Main reason is just to boost my credit rating. I understand different cards have different payback periods and the high interest APR only applies if you fail to pay within the agreed time limit?

Willing2Learn

maton91 wrote: »

I understand different cards have different payback periods and the high interest APR only applies if you fail to pay within the agreed time limit?

As far as I am aware, all cards have the same payback period.

You only pay interest if you fail to pay the full statemented amount by the due date. Pay the full amount before the due date and your borrowing is interest free.

Dobbibill

Pretty much any card will do for you. (excluding TSB Advance but they are not accepting new applications atm)

Try an eligibility checker like this https://www.moneysavingexpert.com/eligibility/credit-cards/ and see what the likelihood is. (it's never guaranteed)

Consider setting up a DD to pay in full on the due date to avoid missing a payment.

Pay off in full and on time each and every month and you will build a history of using credit responsibly.

[Deleted User]

Some cashback cards pay annually and some pay after each statement month. They vary by lender.

Paying off in full each month after the statement won’t incur you any interest and will help build your credit history (not rating).