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  • FIRST POST
    • Ak92
    • By Ak92 3rd Apr 18, 7:26 PM
    • 26Posts
    • 3Thanks
    Ak92
    Aqua credit card
    • #1
    • 3rd Apr 18, 7:26 PM
    Aqua credit card 3rd Apr 18 at 7:26 PM
    Hello, I am trying to increase my credit score by getting myself a credit card. I have a 100% eligibility for the Aqua CC 4 months 0%. I have not had a cc before but have done my research on the matter. Before I apply, can I just use the card for something as simple as petrol? And then PAY IN FULL when I need to? Or just set up a DD each month? So that's about 100 a month. This sound good?

    Thanks
Page 1
    • PeacefulWaters
    • By PeacefulWaters 3rd Apr 18, 7:35 PM
    • 8,318 Posts
    • 10,667 Thanks
    PeacefulWaters
    • #2
    • 3rd Apr 18, 7:35 PM
    • #2
    • 3rd Apr 18, 7:35 PM
    Hello, I am trying to increase my credit score by getting myself a credit card.
    Originally posted by Ak92
    Ignore the score. Focus on the other stuff on your credit report such as being registered to vote and paying stuff on time.

    I have a 100% eligibility for the Aqua CC 4 months 0%. I have not had a cc before but have done my research on the matter. Before I apply, can I just use the card for something as simple as petrol? And then PAY IN FULL when I need to?
    Yes. Sensible.

    Or just set up a DD each month? So that's about 100 a month. This sound good?

    Thanks
    I'd expect you to be able to set up a DD to pay in full too.
    • pcman1985
    • By pcman1985 3rd Apr 18, 7:39 PM
    • 137 Posts
    • 72 Thanks
    pcman1985
    • #3
    • 3rd Apr 18, 7:39 PM
    • #3
    • 3rd Apr 18, 7:39 PM
    Yes.
    You should be able to have a direct debit set up to take the payment in full every month.
    You wouldn't even need to spend 100 if you didn't want to. 20 of petrol for the car would work just as well, as long as always paid off on time and in full.
    Ignore any score given to you by the credit agencies. Just focus on the history.
    • suki1964
    • By suki1964 3rd Apr 18, 7:52 PM
    • 11,183 Posts
    • 29,884 Thanks
    suki1964
    • #4
    • 3rd Apr 18, 7:52 PM
    • #4
    • 3rd Apr 18, 7:52 PM
    My aqua card arrived today

    Its a cash back one to be used for petrol and groceries

    first thing I done, before I even activated it was to set myself up with an online account and the app for my phone and set up a direct debit for payment in full every month
    if you lend someone 20 and never see that person again, it was probably worth it
    • Ak92
    • By Ak92 3rd Apr 18, 8:15 PM
    • 26 Posts
    • 3 Thanks
    Ak92
    • #5
    • 3rd Apr 18, 8:15 PM
    • #5
    • 3rd Apr 18, 8:15 PM
    Thanks for your replies and pointers. Really appreciated and I now have a better understanding. Will apply for it now.
    • Ak92
    • By Ak92 3rd Apr 18, 8:34 PM
    • 26 Posts
    • 3 Thanks
    Ak92
    • #6
    • 3rd Apr 18, 8:34 PM
    • #6
    • 3rd Apr 18, 8:34 PM
    Oh a quick one, the 4 month period. Does that mean after 4 months I will need to apply for another card? Or is it I buy something today 03/04/18 I have until 03/08/18 to pay back, if I pay it back before this date and buy something else, say on 03/06/18 i then have till 03/10/18 to pay back? Sorry if that's confusing
    • zx81
    • By zx81 3rd Apr 18, 8:36 PM
    • 18,052 Posts
    • 19,265 Thanks
    zx81
    • #7
    • 3rd Apr 18, 8:36 PM
    • #7
    • 3rd Apr 18, 8:36 PM
    No. Your purchases promo will end four months after account opening.

    After that, ensure you pay off your balance in full each month. In fact, pay it off in full right from the start.
    • Ak92
    • By Ak92 3rd Apr 18, 8:43 PM
    • 26 Posts
    • 3 Thanks
    Ak92
    • #8
    • 3rd Apr 18, 8:43 PM
    • #8
    • 3rd Apr 18, 8:43 PM
    So I will be paying it off in full each month 100%. So I won't be charged if I pay back each month when I am suppose to, will I?
    • zx81
    • By zx81 3rd Apr 18, 8:48 PM
    • 18,052 Posts
    • 19,265 Thanks
    zx81
    • #9
    • 3rd Apr 18, 8:48 PM
    • #9
    • 3rd Apr 18, 8:48 PM
    Correct. .
    • suki1964
    • By suki1964 3rd Apr 18, 9:35 PM
    • 11,183 Posts
    • 29,884 Thanks
    suki1964
    So I will be paying it off in full each month 100%. So I won't be charged if I pay back each month when I am suppose to, will I?
    Originally posted by Ak92
    Do you have online banking for your currant account?

    See I have this fantastic little app for my bank account. When I use my debit card to shop or withdraw cash, it shows me where the money has gone so I can keep a close eye on my spends and can account for every single penny. So I know I spent 80 on petrol last month and 130 in lidl and 7 at the cinema etc. So once I start using the credit card for lidl and petrol, so as I know where my money is going daily from my currant account, I intend to transfer every spend over at the end of the day so I don't spend twice nor miss my payment date

    I haven't had a credit card in years because the last time I did, I got into trouble with double spending. Ive not had debt in 20 years and I don't intend to get myself in a mess again
    if you lend someone 20 and never see that person again, it was probably worth it
    • Ak92
    • By Ak92 3rd Apr 18, 9:45 PM
    • 26 Posts
    • 3 Thanks
    Ak92
    Yes I do have online banking, I also have an app like that called spendlytics through Santander. Does pretty much what you described.

    My aim is to increase my credit rating so that when it eventually comes to the point of me applying for a mortgage, I will seem like a 'reliable borrower.

    Thanks for your advice and long may you be debt free
    • suki1964
    • By suki1964 4th Apr 18, 9:58 AM
    • 11,183 Posts
    • 29,884 Thanks
    suki1964
    Yes I do have online banking, I also have an app like that called spendlytics through Santander. Does pretty much what you described.

    My aim is to increase my credit rating so that when it eventually comes to the point of me applying for a mortgage, I will seem like a 'reliable borrower.

    Thanks for your advice and long may you be debt free
    Originally posted by Ak92
    Good luck on your journey

    Just remember , set that direct debit up straight away and if, like me, you feel you can be easily swayed into buying stuff which is just a want and not a need, leave the card at home when going out
    if you lend someone 20 and never see that person again, it was probably worth it
    • binaryuniverse
    • By binaryuniverse 4th Apr 18, 10:19 PM
    • 736 Posts
    • 459 Thanks
    binaryuniverse
    I might be a bit late on this but you can get 31 cashback if you successfully apply via Quidco.
    • suki1964
    • By suki1964 5th Apr 18, 9:55 AM
    • 11,183 Posts
    • 29,884 Thanks
    suki1964
    I might be a bit late on this but you can get 31 cashback if you successfully apply via Quidco.
    Originally posted by binaryuniverse
    I done that as well

    Should be getting the money in September
    if you lend someone 20 and never see that person again, it was probably worth it
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