Everyday CC

Gareth2020

Looking advice on an everyday credit card 
Have had credit cards in the past but that was to help spread the cost of big purchases now I am after a credit card for everyday things and boost my credit score.

I'm with Bank of Scotland and so it makes sense to get one with them.
Anyone any views or thoughts on a credit card.
I will be paying this of in full every month 

[Deleted User]

Any card will help you build some history.

Use an eligibility checker and apply for one. Don't worry about the resulting drop in your score.

MovingForwards

Maybe one where you earn cashback or something?

Ignore the credit score and rating as it's not seen or used by financial institutions as they have their own internal algorithm methods for assessing applications.

Make sure payments are made on time.
No late / missed payments, no defaults, no AP / AR markers, no CCJs / IVA or bankruptcy and ensure you're on the electoral roll. 
First pleases lenders, second unsettles them and it's hard(er) to get credit, latter shows stability as does earning an income.

jbrassy

I would suggest getting 2 cards:
1 - American Express Platinum cashback card
2 - Barclaycard Rewards.

Both of these cards pay cashback, which is a nice bonus. Using both and paying off in full every month will improve your credit score. You should use the eligibility checkers before applying to see what your chances of getting them are.

[Deleted User]

jbrassy said:

I would suggest getting 2 cards:
1 - American Express Platinum cashback card
2 - Barclaycard Rewards.

Both of these cards pay cashback, which is a nice bonus. Using both and paying off in full every month will improve your credit score. You should use the eligibility checkers before applying to see what your chances of getting them are.

No-one has a credit score

Notnewnotold

jbrassy said:

I would suggest getting 2 cards:
1 - American Express Platinum cashback card
2 - Barclaycard Rewards.

Both of these cards pay cashback, which is a nice bonus. Using both and paying off in full every month will improve your credit score. You should use the eligibility checkers before applying to see what your chances of getting them are.

Note that there are 2 Amex platinum cashback cards - the one mentioned above has a £25 annual fee and only worth it if you spend a significant amount each month.

There is however an 'everyday' version of the card that still earns cashback but without a card fee.

jbrassy

It is true that no one has a "credit score". I was being lazy and what I should have said is that paying your CC statement off in full every month should improve your ability to get credit from lenders, whether that's a mortgage, loan, or another CC.

On the free vs £25 a year Amex cashback cards:
- If you spend less than £5k per year, you should get the free one.
- If you spend between £5k-10k per year, it doesn't matter which one you get.
- If you spend more than £10k per year, you should get the £25 fee one.

All the sums are here: 
https://docs.google.com/spreadsheets/d/1rZouflfUDeghKt9At9mwezrbCjm_jL4KCsksAP8cHS0/edit?usp=sharing

Personally, I have the £25 one because I easily clear £5k and there's a chance I may spend more than £10k if I make a big purchase or two over the course of a year. 

The Barclaycard is good as a back-up for places that don't accept Amex.

phillw

Deleted_User said:
No-one has a credit score

You have many credit scores.

[Deleted User]

phillw said:

Deleted_User said:
No-one has a credit score

You have many credit scores.

And yet, none of them matter to anyone as no-one but you sees them.
All that matters is how an individual company rates you based on their internal rating system that you will never see

lympus48

I recently got MBNA & Sainsbury's 0% transfer cards & while MBNA has a clear online, user-friendly interface and seems more flexible in its offer of credit the wait on calls to them today was just too long and after 30 mins or more I just hung up. Meanwhile, Sainsbury's Bank was quick and easy. and I did not wait long.  Of course, people may not bother about waiting hours on phone lines but to me 12 months into the crisis its an annoyance that should be sorted. Companies that keep customers waiting very long times ( British Gas is one) can spend what they like on advertising etc but if customers are stuck waiting it suggests a lack of customer focus. 

Alex9384

1 - American Express Platinum cashback card

2 - Barclaycard Rewards.

I would say:
1. American Express Platinum Everyday CC
2. NatWest Reward CC for 1% cashback in all supermarkets.

To avoid the £24 annual fee on NatWest Reward CC, get their Reward current account as well and earn another £3 monthly reward on it.