New to credit cards

Indispensable_Hobbes

Hi all, I'm moving out of my parents home next week and thought I might get a credit card for bits and pieces I might need.

1. Is there a charge to apply for a credit card/not using a credit card?
2. The 0% until Feb 09 Capital One card - does this mean I don't have to make a payment until Feb 09 or do I still need to repay the minimum payment each month?

YorkshireBoy

1. Never seen one/sometimes, but only after long periods of dormancy.

2. Can't see an "until Feb 09" product on the Capital One website. However, with all cards, you still need to make the minimum payment shown on your monthly statement.

jimbo26

The 0% means the interest rate is 0% until Feb 09. You will still have to make the min payments each month but won't be charged interest.

Indispensable_Hobbes

It's on this site. I was thinking about putting my contents insurance on there and if i have to pay £5 a month min repayment then clear it just before the 0% ends that would help me loads in the first few months.

[FONT=arial,helvetica,sans-serif]The top cards
[/FONT]There’s a special Capital One* that offers new customers 0% until February 2009 on all spending, after that the rate jumps to 12.9% APR. Plus it also includes a free ID fraud protection service (read the ID Fraud article). Yet this specific card is only available through price comparison site Moneysupermarket (the link above takes you there); apply any other way and you won’t get as good a deal
http://www.moneysavingexpert.com/redir/0f4c1aba

YorkshireBoy

Do you meet their definition of an "excellent credit rating"?...

• I have a credit card with a credit limit of at least £5000
• I have had a credit card(s) for at least 5 years
• I have never missed more than 2 payments on a credit card or loan
• I have credit card balances of less than £10,000
• I don't have any previous credit defaults (CCJs, current arrears)

If not, you may be better going for the Halifax 15 month purchase card...if it's still available.

Indispensable_Hobbes

I meet 4 of those criteria, I'm just looking around at the moment so I'll take a look at Halifax, thanks