Credit Cards

[Alkaz]

I have one, originally my limit was £500 and they upped it to £1500. Only have about £600 on it at the moment, I pay it off every month and it has a low interest limit as well. Last time I checked my credit rating it was 992, pretty good even if I do say so myself!

[Ms.Aquamarine]

I don't have one and I'll never get one. I'm sticking to my debit card!

[Matthew]

I have a personal amex and a work amex

[Zak]

Had one for years, no problems

[Samantha]

I don't have one, but I'll probably get one in the future to help with credit rating.

[lawrawrrr]

Everyone who says you're not ever gonna get one, you do realise that if you ever want a mortgage/other kind of loan for something then it's extremely hard to without having a credit history? There seems to be huge stigma among young people as they tend to see credit cards as an easy way to get into debt/only there to like, help you put off the debt until the end of the month ETC

I would really suggest anyone with a steady-ish income stream gets a low-interest card (check out moneysavingexpert for good deals and things, I have a wonderful CapitalOne card as a lot of places won't give one to young people/with no credit history) with no monthly fee (lots of places are sneaky with this) and buy small things you KNOW you can afford! I buy my food shopping with it, some people pay off phone contracts, just use it for socialising etc

I also find it a really good way of keeping track of my food expenditure as all of it goes on that card and I get a statement every month so I can budget better!

[e5]

I've got 3.

One I don't use, one I use quite regularly, purely to delay a payment, with every intention to pay back (and do) and to build up a good credit history. and one I use abroad, the halifax Clarity card which gives you the best rate abroad, with no charges etc so it means I don't have to carry cash and I get the best rate, so win win!

Ive always been good with my cards, never miss a payment, but I know plenty are against it. However, it does build up a good credit history as said before and I'm seen as a responsible lender so I'm given credit easily when looking at things like buying a sofa on interest free (Which I have done recently) and also when I look to get a mortgage, it will help with this too. It's definitely something to have aslong as you pay back, as said. Have self control and it's ok! I think I have a combined credit card allowance of 9k, which is crazy but I think the credit card companies want to tempt you. Can be a nasty trap to fall in to!

[Re-Call]

After not wanting one for years I heard loads of people saying you need one to help get a good credit score if you ever need to borrow say for your mortgage etc.. so I looking into it and got a nationwide credit card with a £500 budget which I have now raised to £3,000 as having more money on it shows you can pay off a huge amount and not worry & really I only use it to pay for petrol then automatically set up paying off the debt when its due. At christmas I did use it more as had a holiday to pay for and christmas presents but my bill arrives a few days after I get paid so it works out alright.
Also getting a phone on monthly contract and paying it off each month goes towards your credit rating.

[scottish]

After not wanting one for years I heard loads of people saying you need one to help get a good credit score if you ever need to borrow say for your mortgage etc.. so I looking into it and got a nationwide credit card with a £500 budget which I have now raised to £3,000 as having more money on it shows you can pay off a huge amount and not worry & really I only use it to pay for petrol then automatically set up paying off the debt when its due. At christmas I did use it more as had a holiday to pay for and christmas presents but my bill arrives a few days after I get paid so it works out alright.
Also getting a phone on monthly contract and paying it off each month goes towards your credit rating.

pretty sure stuff like car insurance, house insurance (or insurance in general really) that you pay off rather than pay once annually go towards your credit rating too.

never looked at my credit rating so couldn't say for sure.

[Re-Call]

pretty sure stuff like car insurance, house insurance (or insurance in general really) that you pay off rather than pay once annually go towards your credit rating too.

never looked at my credit rating so couldn't say for sure.

Yeah, anything that you pay off like direct debit or monthly goes towards it. Im sure more goes towards it which isn't listed yet.
I pay for insurances yearly, I signed up to Experian last year to check mine & I got a month free trial, you have to ring up and cancel before it runs out or they'll automatically charge you