I acquired a second credit card about a year ago, specifically for Paypal payments (after a previous problem with a fraudulent transaction), and asked the CC company to reduce the limit for that reason. They clearly thought I was mad and, in any case, could not change the limit either way for the first 6 months.
What credit crunch?
- Thread starter magnatom
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Who remembers the happy days of 0% cash advances that credit cards sent to your bank for you to get 5% interest on while the debt stayed at 0% on your card for six months or even a year? The card companies also often kindly gave you a free watch, CD player or camera for agreeing to store their money for them in your account. I had tens of thousands of their cash in my bank for ages while this went on. I think the idea was that I went and spent the cash on cars etc and then had to pay the card off very slowly. It didn't happen.
Loads of people in my office did similar things. Credit cards are wonderful things if you use them wisely and it's your fault if you don't.
Loads of people in my office did similar things. Credit cards are wonderful things if you use them wisely and it's your fault if you don't.
another good tip:simoncc said:
every 6 months to a year, instead ofpaying it off in full, pay off all but a quid. That way if they run a report on "people who always pay off in full" [that can be chucked out due to not yielding enough contribution]
if you leave a quid balance, you'll pay only pennies interest, but stand a much better chance of not appearing on that report.
remember egg? http://news.bbc.co.uk/1/hi/business/7224268.stm
Globalti
Legendary Member
When we need credit for something like home improvements we just apply for an interest free card and stick it all on that. Then we cut up the card and set up a standing order to pay everything off by the time the free period finishes. Got about £1000 on one right now; they must hate people like us.
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meenaghman said:
This is very sound advice.
I have a Halifax card, I used it so rarely that when things went chip & pin I found that I didn't know the PIN number. Trouble is I'd forgotten my "secret question/answer" to obtain a new PIN.
Halifax couldn't help me, I couldn't get a new PIN. Telephoned, wrote and then gave up.
I regularly get letters telling me that my CC limit is being raised. It's now £16k. Every so often I get a lovely new card and every month I get statement showing I owe £00.00
Halifax couldn't help me, I couldn't get a new PIN. Telephoned, wrote and then gave up.
I regularly get letters telling me that my CC limit is being raised. It's now £16k. Every so often I get a lovely new card and every month I get statement showing I owe £00.00
are you sure you're you?MarkF said:I have a Halifax card, I used it so rarely that when things went chip & pin I found that I didn't know the PIN number. Trouble is I'd forgotten my "secret question/answer" to obtain a new PIN.
Halifax couldn't help me, I couldn't get a new PIN. Telephoned, wrote and then gave up.
I regularly get letters telling me that my CC limit is being raised. It's now £16k. Every so often I get a lovely new card and every month I get statement showing I owe £00.00
