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  • FIRST POST
    • dancook96
    • By dancook96 11th Jul 18, 8:08 PM
    • 1Posts
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    dancook96
    Tesco Foundation Credit Card
    • #1
    • 11th Jul 18, 8:08 PM
    Tesco Foundation Credit Card 11th Jul 18 at 8:08 PM
    I'm using the Tesco Foundation Credit Card to 'intentionally' build my credit. I have a limit currently for £250 and use it to the max each month and pay it off in full monthly upon receiving my salary.

    What is the best way to use this kind of card to boost credit? - HELP
Page 1
    • jimbo26
    • By jimbo26 11th Jul 18, 10:03 PM
    • 528 Posts
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    jimbo26
    • #2
    • 11th Jul 18, 10:03 PM
    • #2
    • 11th Jul 18, 10:03 PM
    Just keep doing what you're doing, and you will build a positive history of managing credit
    • eDicky
    • By eDicky 12th Jul 18, 1:13 AM
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    eDicky
    • #3
    • 12th Jul 18, 1:13 AM
    • #3
    • 12th Jul 18, 1:13 AM
    and pay it off in full monthly upon receiving my salary.
    Originally posted by dancook96
    Regardless of when your salary is received, pay off the amount that has already appeared on your statement, not before, so that your credit activity is reported and added to your creditl history.
    • Somerset La La La
    • By Somerset La La La 12th Jul 18, 11:18 AM
    • 613 Posts
    • 195 Thanks
    Somerset La La La
    • #4
    • 12th Jul 18, 11:18 AM
    • #4
    • 12th Jul 18, 11:18 AM
    Also although £250 is a pants limit, try not to max it out. Anything over 70% utilisation and it's viewed pretty negatively. It's hard with starter cards (I'm in the same situation!) but I'd try and keep the balance on the card at a maximum of £150-175 until the limit is pushed up.

    Also as eDicky says, pay when they tell you to pay as that proves you are using it properly.

    Preferably setup a direct debit for the full amount - but keep paying manually until they tell you on one of your upcoming statements that the direct debit of £xxxx will be taken on xxxx.
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