Which Credit Card for a good saver...

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  • RGun
    RGun Posts: 58 Forumite
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    Deleted_User wrote: »
    That's correct. The only mistake he (or you) made was focusing on improving the fictional score.

    It's all about your credit history, not the pretend scores.
    Okay thank you my friend. How can I check my credit score accurately?
  • RGun
    RGun Posts: 58 Forumite
    edited 9 July 2018 at 6:36PM
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    RGun wrote: »
    So a 0%purchase card is best for me? Okay perfect. I'll have a look around now. Thank you

    How comes the APR applies after a certain period of time? And what does it mean exactly?

    On certain credit cards it says 0% apr on purchases within 28 months. So after 28 months when the APR applies, would I be able to cancel the credit card and take out a new one? Renewing the free period again?
  • RGun
    RGun Posts: 58 Forumite
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    RGun wrote: »
    Okay thank you my friend. How can I check my credit score accurately?

    I signed up to Experian, and I've been told 797 score and that was "Fair".
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    RGun wrote: »
    Okay thank you my friend. How can I check my credit score accurately?

    You can't because you don't have one.

    You'll know when you are doing well because you will be using your card, not going overlimit, clearing in full and presenting yourself well to lenders.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    RGun wrote: »
    I signed up to Experian, and I've been told 797 score and that was "Fair".

    Any score with 2 sevens in it is really bad.*

    *That's not true, but I'm starting to think you're not listening.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    You don’t.

    Lenders use their own internal scoring system.

    Which the public are not allowed to see.
  • RGun
    RGun Posts: 58 Forumite
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    I've got another question, this time regarding Money transfer fee.

    So let's say I wan to transfer money from my Natwest debit card onto my Credit Card for a monthly amount, do I have to pay a money transfer fee?

    One a Virgin Media all round Credit card it has the Money transfer fee set at 0% for 28 months and then 22.5% thereafter, so if i've got this right, I have to pay 22.5% on the amount that I'm transferring from one account into another?

    So for example, I'm paying off let's just say £100 a month, transferring the money from my debit card to the credit card... when the 28 month period is up, I'll then have to pay £100 plus £22.50?

    I don't like that at all if true. What a waste.
  • [Deleted User]
    [Deleted User] Posts: 35,242 Forumite
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    No. You've misunderstood completely.

    If the transfer fee is 0%, then you pay 0% of the amount you transfer from the card into your current account. That will be roughly £0.

    Each £100 you pay will come off your balance - the capital plus any interest. Assuming it's also 0% interest, then your balance will decrease by £100.

    Once the promo period is over, you will be charged interest at the standard APR.

    But you don't need a 0% card. You also probably won't get one.

    Get any card. Spend on it. Clear it in full.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
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    A money transfer card is for transferring money from a credit card to a bank account.

    Not the other way around.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    First Anniversary Name Dropper First Post I've been Money Tipped!
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    OP you need to do a lot more reading and research into CC's. As others have said your credit "score" means nothing after all experian et al don't lend anybody any money.
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