Badger Posted March 23, 2006 Share Posted March 23, 2006 Got my credit card bill yesterday: Balance £0 Payments due £0 Credit available £4200 (no thanks) Quote Link to comment Share on other sites More sharing options...
CrashBear Posted March 23, 2006 Share Posted March 23, 2006 Got my credit card bill yesterday: Balance £0 Payments due £0 Credit available £4200 (no thanks) same here yet I still get stuff through the post daily saying "take this 20k loan" printed on a fake cheque. laughable. I laugh then rip it up thinking how many trees they must waste... Quote Link to comment Share on other sites More sharing options...
Nomadd Posted March 23, 2006 Share Posted March 23, 2006 Got my credit card bill yesterday: Balance £0 Payments due £0 Credit available £4200 (no thanks) Yep, I'd say of the 12 bills I get per year, 10 of them are like yours: £0.00. And of the ones that aren't, they are just £100-£200 and are paid off immediately. Same with my mobile phone: got a cheap pay-as-you-go model 4 years ago with £20 worth of free calls. It still has £15 of that left! Should last me another 10 years, I guess. Nomadd Quote Link to comment Share on other sites More sharing options...
Ignorant Steve Posted March 23, 2006 Share Posted March 23, 2006 My last credit card bill. Total owed £5464. New Laptop. Some furniture. Holiday deposit. I paid it off in full as usual. Doing my bit to keep the economy going. Quote Link to comment Share on other sites More sharing options...
colonel faulkner Posted March 23, 2006 Share Posted March 23, 2006 How do you spend nothing on credit cards???? My bill is usually £500-£1000 per month, just on normal stuff like food, petrol, etc. How do you guys pay for the essentials? Cash?? There are some benefits to using a CC for these items: 1) Cashback at the end of the year (1%) 2) 30-60 days to pay (obviously, pay off in full) Don't be negative about credit cards, use them wisely! Quote Link to comment Share on other sites More sharing options...
CrashBear Posted March 23, 2006 Share Posted March 23, 2006 How do you spend nothing on credit cards???? My bill is usually £500-£1000 per month, just on normal stuff like food, petrol, etc. How do you guys pay for the essentials? Cash?? There are some benefits to using a CC for these items: 1) Cashback at the end of the year (1%) 2) 30-60 days to pay (obviously, pay off in full) Don't be negative about credit cards, use them wisely! I just use my debt card. Quote Link to comment Share on other sites More sharing options...
AteMoose Posted March 23, 2006 Share Posted March 23, 2006 tend to put as much as i can through my cc, but without spending for spending sake... If only you could pay rent on a cc, think of the cash back Quote Link to comment Share on other sites More sharing options...
sambino Posted March 23, 2006 Share Posted March 23, 2006 Mines around £300 a month pay it off in full get all my fuel and any online transactions with it. Its a Tesco one so double points on any fuel, items I buy in store usually get £25 vouchers several times a year Quote Link to comment Share on other sites More sharing options...
Badger Posted March 23, 2006 Author Share Posted March 23, 2006 How do you spend nothing on credit cards???? My bill is usually £500-£1000 per month, just on normal stuff like food, petrol, etc. How do you guys pay for the essentials? Cash?? There are some benefits to using a CC for these items: 1) Cashback at the end of the year (1%) 2) 30-60 days to pay (obviously, pay off in full) Don't be negative about credit cards, use them wisely! Debit card/cash for everything & when it runs out I stop, not that my financial health is brilliant, I just exercise self-control. Quote Link to comment Share on other sites More sharing options...
homeless Posted March 23, 2006 Share Posted March 23, 2006 How do you spend nothing on credit cards???? My bill is usually £500-£1000 per month, just on normal stuff like food, petrol, etc. How do you guys pay for the essentials? Cash?? There are some benefits to using a CC for these items: 1) Cashback at the end of the year (1%) 2) 30-60 days to pay (obviously, pay off in full) Don't be negative about credit cards, use them wisely! that attitude is the reason every item in a shop has a built in credit card transaction cost i pay cash, only use credit card for online and on the phone.have never used a credit card outta the house in years, infact i dont even know my pin numbers Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted March 23, 2006 Share Posted March 23, 2006 why do you even own a credit card ? just get a debit card dude. your on their books. why ? Quote Link to comment Share on other sites More sharing options...
CrashBear Posted March 23, 2006 Share Posted March 23, 2006 why do you even own a credit card ? just get a debit card dude. your on their books. why ? have to admit I don't actually have one, I used to have one through work but never used it or paid it off straight away. I've got to get a couple to take travelling for the flexibility if I lost/had stolen my debit card, but if I do use it I'll be paying it off straight away. Quote Link to comment Share on other sites More sharing options...
eek Posted March 23, 2006 Share Posted March 23, 2006 Last bill was £5200 as it was 12 months no interest. 12 months ran out so this months bill reads: amount paid £5200 balance £0 account closed. Quote Link to comment Share on other sites More sharing options...
?...! Posted March 23, 2006 Share Posted March 23, 2006 I don't have a credit card or a store card. I always tick/untick the privacy box on forms. I do not answer surveys. I recieve no junk mail. I pay no interest. I buy whatever I want, whenever I want. I invest the remainder and reinvest the earnings/dividend. I am doing my bit for the economy by lending money to multinationals, they are financially more responsible than Jonny cashback. Quote Link to comment Share on other sites More sharing options...
Cheston Pelvis Posted March 23, 2006 Share Posted March 23, 2006 I only use my CC for big stuff or online purchases owing to the extra protection given. The only thing is that a fair few others seem to have been using their CCs online too - my terms and conditions have just changed to treat expenditure for gambling purposes as an advance of cash! Quote Link to comment Share on other sites More sharing options...
BillyShears Posted March 23, 2006 Share Posted March 23, 2006 How do you spend nothing on credit cards???? My bill is usually £500-£1000 per month, just on normal stuff like food, petrol, etc. How do you guys pay for the essentials? Cash?? There are some benefits to using a CC for these items: 1) Cashback at the end of the year (1%) 2) 30-60 days to pay (obviously, pay off in full) Don't be negative about credit cards, use them wisely! I have a crap CC, Barclaycard. I have an extended warranty on a few things, but otherwise it's worth nothing to me. I think I missed the boat on cashback cards. When I looked into it recently there didn't seem to be much in it for me. I pay mine off in full every month by direct debit. Billy Shears Quote Link to comment Share on other sites More sharing options...
lowrentyieldmakessense(honest!) Posted March 23, 2006 Share Posted March 23, 2006 Last bill was £5200 as it was 12 months no interest. 12 months ran out so this months bill reads: amount paid £5200 balance £0 account closed. so its you with the carry trade - thats why the krona fell Quote Link to comment Share on other sites More sharing options...
JBFTB Posted March 23, 2006 Share Posted March 23, 2006 I was just thinking the other day how my credit card has a limit of just over £4000, which doesn't seem anywhere near what some of my friends' credit limits are. As if in answer to my thoughts, a letter plopped through the door from my bank. £8000 credit limit, card pre-approved, sign here, o valued customer. So I stuck it in the shredder. I guess this is why I have a lower credit limit. Quote Link to comment Share on other sites More sharing options...
Imp Posted March 23, 2006 Share Posted March 23, 2006 I use my cash back credit card for as much as I can. It gets paid off by direct debit each month. If my monthly spending is £1000, I get around £60 cash back a year and earn £50 in interest on the money saved each month. It's not a lot but it all adds to my future house deposit. Quote Link to comment Share on other sites More sharing options...
Grunff Posted March 23, 2006 Share Posted March 23, 2006 why do you even own a credit card ? just get a debit card dude. There is actually one very good reason to buy stuff on a CC rather than a DC. This is simply the much higher level of protection that the CC company must provide you with. If you buy something using a DC, it's almost the same as paying cash. However, if you buy something on a CC, the CC issuer takes a big slice of responsibility. I'll illustrate. Say you buy a £500 fridge from an online retailer. Say this fridge never materialises, but the retailer is unhelpful. What do you do? If you used a DC, you could take them to court. If you used a CC, your CC company will give you a full refund (after a 30 day wait). I have 2 CC, and use them to make nearly all purchases. I always pay them off in full, and have never paid a penny of interest. But I have used their added protection on several occasions. Quote Link to comment Share on other sites More sharing options...
DonnieDarker Posted March 23, 2006 Share Posted March 23, 2006 Beat this. My credit card pays me to use it! Earnt £100 on my Morgan Stanley last year in cashback. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.