(For UK peeps.)
2007-08-09 01:16:17 · 24 answers · asked by Anonymous in Business & Finance ➔ Credit
[Note to Taja] Bank of America and Capital One aren't UK companies and sound really stupid.
2007-08-09 01:47:18 · update #1
credit cards are a two edged sword. we need them, but they will all screw you over if they get the chance.
get one that doesn't charge you any fee, if you pay up the full amount every month.
get one that offers the best protection if your identity is stolen, or your card is cloned.
I have 2 cards - one for big amounts (normal day-to-day purchases) one with a very small limit, which I use for on-line purchases, paypal, etc.
They are OK, but I wouldn't necessarily recommend either of them
2007-08-09 01:24:21 · answer #1 · answered by SeabourneFerriesLtd 7 · 0⤊ 1⤋
Credit cards are simply a way of keeping control if you let them. If you are someone who thinks they will spend to much but would do it online then get an egg card and watch what you're doing to yourself online, daily if you want.
Better at saving: go for long 0% on purchases and save the money you are "spending" in an instant or short-term access account earning at least 6%, so you actually make it worthwhile.
Sounds like too much hassle? Well if you don't take care they will rip your money away so quickly. If you don't pay off one month in time some of them don't let you have an interest free period again until you actually have zeroed it for a statement period (i.e. the month covered) . There are many examples of how to lose money on cards.
Borrowwing on them is for the very clever for limited purposes under control at the lowest rates but is usually very very dumb and expensive.
The only other reason is convenience.
PS: Payment Protection insurance is routinely mis-sold. For the money if you have a big balance you could get aproper policy to cover your life for proper redundancy insurance and sickness insurance or even income protection : and if you don't why do you need the insurance!
Many of those they sell it to cannot conceivably claim (already sick or retired , not in permanent employment etc)!
2007-08-09 01:42:45 · answer #2 · answered by Teal R 5 · 0⤊ 2⤋
I don't know much about the UK, but I'd imagine the BEST card would be the one you'd apply for through your bank--especially if it's a credit union.
I don't see why everyone is so afraid of credit these days. Maybe it's because people can't trust themselves not to screw themselves over and spend more than they can afford to pay off? Hmm....
2007-08-09 01:19:37 · answer #3 · answered by Judy 5 · 0⤊ 1⤋
Whichever one has a 0% interest payback. I'm using Halifax One now as I don't have to pay it back til next June, so I've divided the total amount borrowed by the number of months left and pay that monthly.
Just make sure you pay all it off in time or you'll end up paying interest.
Look at www.moneysavingexpert.com. That'll tell you the best one at this moment.
2007-08-09 01:28:06 · answer #4 · answered by Anonymous · 2⤊ 2⤋
Bestest isn't a word and it sounds really stupid, but I recommend that you try Bank of America, they are really good. What ever you do stay away from CAPITAL ONE?
2007-08-09 01:32:47 · answer #5 · answered by Taja 3 · 0⤊ 2⤋
Bestest? Is that even a word? Bestest? Ah well. I think the "Bestest" credit card is probably Halifax. Why?
2007-08-09 01:19:08 · answer #6 · answered by ? 3 · 1⤊ 1⤋
Www.virginmoney.com.au Credit_card
2016-12-16 11:54:07 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Virgin Credit Card
2007-08-09 01:36:14 · answer #8 · answered by jpine1999 1 · 1⤊ 1⤋
the absolute *bestest* credit card is with Bank of America.
2007-08-09 03:01:10 · answer #9 · answered by Maria2Blue 3 · 0⤊ 3⤋
Credit cards suck. Go for a debit so it takes it straight our of your bank, that way you don't have to worry about paying people back and all that interest.
2007-08-09 01:34:10 · answer #10 · answered by Anonymous · 1⤊ 2⤋