Just lost my credit card virginity! Officially a credit card holder!

Terry_Towelling

abz88 wrote: »

And if its an emergency purchase you hadn't planned on needing so hadn't saved for? (Car repairs, new boiler etc). Lots of people don't have a spare £2,000 but can quite easily commit to paying it off at £100 a month over two years.

Quite so. This is why I couched my post in the way I did. I tried to emphasise the ideal way to use a credit card whilst also acknowledging the difficulties caused when financial events conspire against you.

Curls2208

Aqua was my first card too.

10 years or so a go it was a whopping 3% cashback.

*sigh* if only anything were anywhere near as good these days.

Fingerbobs

My first credit card was a Student Barclaycard, which I opened at age 18 when I started University. The initial credit limit was £350, but that had risen to £1000 before I completed my degree. I've been a credit card user basically my entire adult life, always paid off in full every month and never paid as much 1p in interest :-)

IvanDP

Fingerbobs wrote: »

My first credit card was a Student Barclaycard, which I opened at age 18 when I started University. The initial credit limit was £350, but that had risen to £1000 before I completed my degree. I've been a credit card user basically my entire adult life, always paid off in full every month and never paid as much 1p in interest :-)

My first credit cards were Capital One, and Egg
Both had a very small limit and eleventy million percent interest. :rotfl:
Used carefully over the years, these cards helped me build up a credit history and were subsequently dumped as and when I was able to obtain better deals.

Fast forward 20 odd years, and I still only have 2 credit cards.
Nationwide Select - close to £15,000 limit
Tandem Cashback - £1200 limit

I have never really been a big credit card user, mainly use them for the cashback, or for the section 75 protection on large purchases.

My advice to the OP, is to use them, pay them off every month, and reap the rewards of building their credit history.