Credit cards

[Steph86]

Hi geeks,

I haven't had a credit card before, my mum kindly put my last training on her card, I have repaid this out of my wages.

I now want further training-and my mum isn't in a position to help me, so I am looking at a credit card for around £1,500-£2,000.

As I am new to this, I am ok to get a credit card to fund my training?

Obviously I want one with 0%, how do u go about getting a card and finding out the monthly repayments? Just want to check I could afford to pay them before I agree.

Any info would be greatly appreciated.

Many thanks xx

 

[chazz!!]

Santander have a 0% interest to 17 months, if you max out say £2000 your min payment would be about £30 a month but you would want to try and pay off as much a poss before the interest free runs out. Be carefully as I started my beauty room on credit cards and I was planning to to pay it all off as soon as that was tree years ago and I haven't Evan made a dent. I keep paying min payment then swapping the card when the interest free period runs out so I never get interest. You may also have trouble getting one if you have never had any lones or cards before x

 

[kezza*]

A lot of cards at the moment are offering about 18 months interest free when you transfer your credit card balance.

 

[Steph86]

Chazz- thank you for ur fab advice, I will take a look at santander-did you sign up online or in the bank? That's good news about the min repayments but like u said I need to look at paying it off before the 0% runs out, so I'd be looking at around £100 a month. What scares me is I think ooo but whàt position will I be in next year (ie out of a job or something that's why I've never got one before) but I don't think I'll ever have £1,500 just sat in the bank for training lol! Really appreciate ur advice and honesty xx

Kez- thanks, although I don't have a card to transfer. Xx

 

[deb1511]

Go to compare sites Hun they'll compare loads of different companies out there to get the right credit card to suit your requirements and give options of apr % etc X

 

[Beautyy123]

Hi hun i love my 0% interest cards. If your over 21 barclaycard premium is one. My new halifax one is on the way and my m&s one i need tocancel. All goodcredit cards. I would advice you would use a 0% card, pay it off by the time the 0% runs out. No point wasteing money on interest.

 

[Charlee-c]

Have a look on that Martin Lewis site off daybreak he tells you the best ones at th moment!xx

 

[Tinxy]

I was going to be quiet but... I can't!!!

I've spent a LOT of years on the money saving forums - heck I'm even a board guide lol!
If at ALL possible don't get a credit card... save for the course and pay it - firstly if you have no credit history at present and being young the chances of a decent 0% card is slim - so then you're looking at paying to borrow... and trust me it's a slippery slope!!!

If you HAVE to borrow then look at something like Zopa if you can't get a good 0% card... and if you DO get a card make SURE you make your monthly payments the correct amount to pay the whole lot off in the 0% period...