Purchases on Credit Card

candyflosscloud

So I finally have myself and my partner in a comfortable position where for now we can put small purchases on 1 credit card and pay it back in full every month. I wanted to ask is there any purchases that aren't 'healthy" to put on a credit card on a regular basis in regards to rating, file and or mortgage lenders in the future (one can dream). So for example if we used it for when we get takeaways or is that better off coming out of our debit card and it's better to use the credit card for fuel just as an example. 

Greatly appreciate any feedback  

[Deleted User]

Gambling, cash, !!!!!! and Justin Bieber albums.

Everything else is fine.

candyflosscloud

Deleted_User said:

Gambling, cash, !!!!!! and Justin Bieber albums.

Everything else is fine.

The last one made me laugh so hard 😂😂👌

[Deleted User]

Gambling is best done via a payment to an account from your current account e.g. having the odd flutter on the Grand National say, loading an account on a card can be treated as cash (or at least used to be) so you get charged interest. Taking cash off a card is bad anyway unless you have a money transfer offer as that gets lots of interest. !!!!!! I don't know, perhaps zx81 knows more on this, I don't see where you would draw the line e.g. buying a film from a sex shop would be seen as just a transaction, buying a subscription to say Onlyfans, maybe, or is it only "proper" !!!!!! that is a problem?

Ebe_Scrooge

As above, there's nothing wrong with any "ordinary" purchase in terms of how it affects your credit history - takeaways and even JB albums are fine (though that comment certainly did brighten up my day!).

What you do have to be careful of is things that are treated as Cash Advances - quite apart from anything else, they'll attract interest from the date of purchase, even if you clear the balance in full.  Taking cash out at an ATM is obvious, but gambling (including lottery tickets) is usually treated as cash, as is buying foreign currency for your holiday (if only!) and gift cards.  If you check the T&Cs of your card provider, they will list what they treat as cash advances.

cymruchris

Deleted_User said:

Justin Bieber albums.

So that's why my imaginary credit score drops like a stone whenever his new album comes out

Spend what you would normally spend on your debit card on your credit card except those areas already outlined, and then settle the statement balance in full every month by direct debit, without fail. Only spend what you can afford. 

Nebulous2

Mortgage lenders wont go back a long way ( 6 months at most usually) and are more likely to look at current account statements than credit cards. There is no need to overthink it, they're happy for you to have a takeaway as long as you aren't having one every night and then running out of money by the end of the month. Gambling is more of a judgment call, an occasional flutter, a few quid at a time is unlikely to bother them, but regular larger amounts are very likely to.
They know that lifestyle choices vary - their main interest is that you can afford to pay your mortgage and will be able to continue to do so if interest rates rise. 

Here are the rock gods that are Peat and Diesel doing their tribute to Justin Bieber. Only for those who can handle it - remember once seen it can't be unseen!
https://www.youtube.com/watch?v=SrR9QPXXX-o 

DCFC79

Make sure your history is up to date as that is all that matters, your score/rating not so much as lenders dont see it.

Dandytf

@cymruchris
Whilst what you refer to as an "Imaginary' score Increases past few days via Experian from 452 range up to 983 range.
I since found a Plethora of unsecured lending products, including leading credit cards and some loans becoming available.

OP Enjoy your new card,  I prefer Debit Card in 1st instance, though have habit of not Managing to clear Credit Cards in full each month.
Beats me why such generous limits are provided, when most don't earn anywhere near that sum , each month.
 

[Deleted User]

Dandytf said:

@cymruchris
Whilst what you refer to as an "Imaginary' score Increases past few days via Experian from 452 range up to 983 range.
I since found a Plethora of unsecured lending products, including leading credit cards and some loans becoming available.

OP Enjoy your new card,  I prefer Debit Card in 1st instance, though have habit of not Managing to clear Credit Cards in full each month.
Beats me why such generous limits are provided, when most don't earn anywhere near that sum , each month.
 

You aren't discovering some new thing that somehow negates reality.

The score you see is only visible to you.

No lender will ever see that score.

All lenders have their own scoring system internally which you will never see, which is based on your credit data / history, NOT the score.

Scores fluctuate from any factor such as a payment going up or down, a search, a loan and so on. There is obviously correlation between reducing debts and your credit worthiness going up which your score may reflect but that doesn't mean the score is useful. Bankrupts get a 999 score on experian as all their debts are reset but that doesn't mean a lender will give them anything. There are countless posts on forums like this with people saying "my score is xyz on experian, why was I rejected" and people with examples of "low" scores getting credit.

At the end of the day, you are welcome to believe what you like but you are not somehow debunking the fact that the credit score you see is meaningless.