Credit Cards

Gam2015

Do you have one? If so what do you use it for? I use mine for fuel mainly for credit score rating but thinking do i really need one 🤔

badmemory

Absolutely everything I can - paid off in full by DD.  I get cashback.  Also the longer the money stays in my bank account the longer savings can stay in savings & the more interest I get.  However, before I had savings I didn't use the card unless the money was already in the bank account to pay it as that would be dangerous & way too easy.

eskbanker

Your question might be better posted on the dedicated credit card board rather than this one, but yes, there are a range of reasons for use, including cashflow management, cashback/rewards, and section 75 protection.

https://forums.moneysavingexpert.com/categories/credit-cards

MattMattMattUK

I use mine for everything. I have not used cash for six years and was nearly cashless for several years before that. I do not use my debit card, it stays at home, everything is paid for on cashback credit cards, usually via Google Wallet on my phone. Cards are cleared in full every month so I never pay interest, I can audit my spending any time I want and my debit card details are never exposed online or in person.

Brie

We use one card almost exclusively for all the day to day payments.  We have another that has no fees if used outside the UK so that is left for holidays.  Everything is cleared in full each month.  

CCs are handy as well for the purchase protection they give. 

Meanwhile - I'll get this moved.

born_again

Gam2015 said:

Do you have one? If so what do you use it for? I use mine for fuel mainly for credit score rating but thinking do i really need one 🤔

Buying things....

As a point credit score rating means nothing to anyone but the CRA & the other mainly rubbish they push about utilisation etc.

Desmond_Hume

I have two. I use them for 99% of my purchases (I’m not using them for the 30p coffee machine at work…). I get cash back. Paid off fully. 

vacheron

I have:

• 1 credit card we use for everyday purchases for convenience plus section 75 protection. 
• 1 credit card specifically for holiday money and foreign currency purchases.
• 1 credit card also for foreign currency purchases and generating disposable card numbers for auto renewal subscriptions.
• A further 8 credit cards at 0% interest which are allowing me to gain interest on money that I am borrowing for free. 

Rich1976

We use it for all every day spending. Food, petrol, spending money, paying the car service, booking holidays etc.

It saves having to manually calculate what is left in the bank account all the while that isn’t designated to direct debits and what is actually remaining to spend until the next pay day. We do have rough limits such as £400 spending money, £500 food, £100 petrol but when it’s all coming out the bank account it’s difficult to see what’s left.
Having one monthly credit card bill is easier .

ButterCheese

We don't use one any more.  I used to use my tesco CC for everything just to get the points, but we rarely shop there anymore and they massively reduced the amount you got on fuel for example.  So we use debit card for all purchases.

When we go on holiday we use a Wise card

Barkin

I use a cashback card for all of my usual spending - fuel, groceries etc, and pay the full statement balance every month so no interest to pay.

An interest free loan, plus a bit of cashback on things I'd be buying anyway...

What's not to like?