What was your first credit

boogiemaster

What was your first credit card and what did you buy?
Mine was Capital one classic and I bought my daughters school uniform and that took my whole £200 limit.
What was your first limit and what do you have now, how many do you have now!!!!!
I only need some shoes and socks dad? Yeah right and £200 later!
Any one heard the same story?

lkoky

My first visa (and only one until now) is with my bank in Northern Ireland - First Trust Bank about 6 years ago.

The initial creadit limit is 500 and slowly move up to 2500 now.

skylight

Abbey National and £1800.

Crept up to £6k (I reduced over years), got many more and many more and many more and got into trouble.

Serves me right.

cronshd

Over 20 years ago - a TSB 'Trustcard'.

Limit was £150 I think.

I remember distinctly getting very excited about the possibility of what in respect could be considered an early attempt at a stooze (well kind of).

This was my train of thought: I could apply for another credit card - take out £100 cash and pay it off by taking out £100 from the other card - and keep on rotating them. That way, I'd make £100 for free.

Sadly, I discovered a few days later that there was a charge for taking out money with your credit card. I had thought it was like an ATM card. Still, the thought was there.

DilbertJones

silly sausage!!!

Fedz

Years ago I had co-op visa and they increased the limit too well into the thousands in a very short period. I bought rubbish and then got a co-op low interest loan to pay the credit card and shut the card down.

Years later after having none I applied for a cap1 and was given a classic card with £200 security deposit. Within a month I had 2 store cards (style and Duet) with £750 and £150 credit limit. Within a month again I got a Vanquis credit card with £250 limit and just last week a Barclaycard with £1,100.

I've closed the cap1 already! The store cards and going too and Vanquis will be little used. Barclaycard my main focus.

Within last week I have applied for the Aquacard (mastercard) - lets see what they offer - I fear another little used/wanted credit card.

I'll end up with just Barclaycard - they are my best status card to-date.

Ember999

cronshd wrote:

Over 20 years ago - a TSB 'Trustcard'.

Limit was £150 I think.

I remember distinctly getting very excited about the possibility of what in respect could be considered an early attempt at a stooze (well kind of).

This was my train of thought: I could apply for another credit card - take out £100 cash and pay it off by taking out £100 from the other card - and keep on rotating them. That way, I'd make £100 for free.

Sadly, I discovered a few days later that there was a charge for taking out money with your credit card. I had thought it was like an ATM card. Still, the thought was there.

Same as me, when I was 18...23 years ago! :eek: was it really that long ago?? Yikes! :eek:

TSB Trustcard, limit was £500 back then. I now have about 9 cards, combination of Gold/Platinum Cards, no debt..only use 1 at a time and pay it off in full every month. Rotate them to keep them all happy. Still have a TSB card, only it's a LLoyds TSB Platinum now with a £4,000 limit. I think my available credit is in the region of £50K plus, guess I must be a good risk :A
Credit cards are great if you use them well, my excellent rating has been built up over many years, only ever dumped Barclaycard which was 2 platinums (1 visa, 1 mastercard) and dumped them because of poor customer service to a loyal customer of over 6 years. Wouldn't recommend them! latest card I got was Citi Platinum.....hubby is stoozing money from his egg card, so if anything, we make money from credit cards, rather than them making it from us, which suits us both fine!
My favourite card is my First Direct Gold, which I have had since we got the account some 13 years ago. Love First Direct! Top-Rated Bank!! :T :T but there again, SMILE is a top-rated Bank also, been with them 4 years and my SMILE Gold Visa is priceless :j

I have fond memories of my first TSB Trustcard, but not the ex-husband who shared the joint TSB Bank a/c I had back then LOL :rotfl:

elvis_bloggs

Visa, 3 years ago, simply to use for paying my ISP.

mrcow

Student Barclaycard limit £250.

Spent on beer, fags, and lots of nightclubs :dance: (oh and on rent by the second year!)

Crown

I applied for a Halifax card about 3/4years ago and amazed when I was accepted (due to being turned down before) with a credit limit of £300.

I had my limit increased over time (approx a year) to £1800 then £2200.

The Halifax kept upping my limit as I fell into the trap of using the credit card as a source of extra income and somewhere along the line I applied and got accepted for a Barclay premiereship card with a credit limit of £1000.

After reading Martins book and many others on Finance and Debt I took over my families financial matters and after a remortgage and a new Egg Card and a 2.9% for life of transfer from BC and a lot of balance transfers and 0% deals (playing the banks against each other) I have ended up with credit totalling £17250 !!


Halifax One : £10,000
Barclay Card : £6000,
Egg : £1250

Im amazed that they have been willing to give me so much credit as my annual income is 0nly £16000 before tax unless I can hit targets to collect a bonus.

Its no suprise that people get themselves into such a lot of debt when u can build a large amount of credit over relatively short amount of time.

I am currently sorting out my mothers/family debt problems that I had no real idea about until a couple of years ago when I got interest in finance/credit. my parents had signed for some incredible Loans at rates of 29.9% APR and more.

Luckily I am now using the power of compound interest to my advantage and not against me.

As soon as my debts are gone then its goodbye credit cards (apart from a lil fun Stoozing if the deals are still available in about 2 years)

oscardog

MBNA Gold Card (about 14 yrs ago) when they first came out and gave them to anyone.

Was the envy of my sisier as Gold Cards were only for the rich and famous (I am / was neither!!).

Opening credit limit of £2500 - not too shabby back then. Has long since been cancelled in favour of cash backs (Amex Blue and Morgan Stanley Mastercard) as we pay off everything in full every month.