[xSplashx]

I dont have one. My debit card is all I need atm.

[Talya]

(Original post by matty600)
Why do you need four?

Well i have 3

one i use for my day to day spending, paid off at the end of each month
one i use online for foreign transactions (nationwide, no charges), paid off at the end of each month
one i use to collect nectar points (nectar amex), paid off at the end of each month

And am thinking of getting a john lewis one as we are buying a house soon and would be good to earn points on all the stuff we were going to buy from JL anyway, pls interest free for 9 months and none of my other cards have interest free on them anymore.

[SoundDevastation]

i have 3 debit cards and 2 credit cards.. whoo.

[Talya]

(Original post by SoundDevastation)
i have 3 debit cards and 2 credit cards.. whoo.

Now why would you have 3 current accounts?! Heh.

[matty600]

(Original post by iTalya)
Well i have 3

one i use for my day to day spending, paid off at the end of each month
one i use online for foreign transactions (nationwide, no charges), paid off at the end of each month
one i use to collect nectar points (nectar amex), paid off at the end of each month

And am thinking of getting a john lewis one as we are buying a house soon and would be good to earn points on all the stuff we were going to buy from JL anyway, pls interest free for 9 months and none of my other cards have interest free on them anymore.

:O a John Lewis card! I would recommend a Debenhams card, you can get 10% off on all your purchases for a week there! (Not that I am biased towards my store of course... lol)

[Talya]

(Original post by matty600)
:O a John Lewis card! I would recommend a Debenhams card, you can get 10% off on all your purchases for a week there! (Not that I am biased towards my store of course... lol)

I do not wish to shop in Debenhams. Plus they don't do most of the things we need. JL has a nicer atmosphere.

[SoundDevastation]

(Original post by iTalya)
Now why would you have 3 current accounts?! Heh.

Student, Non-student, Business.

And yes, get a John Lewis card.. John Lewis is great. Especially now i get 25% off

[Cattleman]

At the moment I'm not a student.

I have 4 credit cards.

I use one card for my day to day spending. Much safer than pretty much shoving my bank account into someone's card reader.

I never rack up more than I can clear the following month.

Other reasons I have them are for general emergencies. If some unexpected event happens that requires my money.. I have access to thousands.

[LaurenFah]

I got one, and as it arrived in the post I cut it into bits (after activating it).
Didn't even intend to use it, but will look good on my credit rating when I want something big when I am older.

[Talya]

Er Lauren... if you don't spend on it each month and pay off the balance then just applying for it + getting accepted won't help your credit rating... you need to use it responsibly.

Ie: Order a new card, put 1 thing on it each month and set up a direct debit to pay off the balance each month. Thus putting a tick on your credit report for every payment you make.

[Cattleman]

(Original post by LaurenFah)
I got one, and as it arrived in the post I cut it into bits (after activating it).
Didn't even intend to use it, but will look good on my credit rating when I want something big when I am older.

[Cortez]

I'm not a student but I have one. Don't use it much but when I do it gets paid off in full the next month so I've never paid any charges or interest.

[tommm]

No.

[marcusfox]

I have three debit cards and three credit cards. All the debit card accounts have positive balances and there is no money outstanding on the credit cards, it is all paid in full each month.

Marcus

[LaurenFah]

(Original post by iTalya)
Er Lauren... if you don't spend on it each month and pay off the balance then just applying for it + getting accepted won't help your credit rating... you need to use it responsibly.

Ie: Order a new card, put 1 thing on it each month and set up a direct debit to pay off the balance each month. Thus putting a tick on your credit report for every payment you make.

I was told not using the card looked good on a credit report? So when companies do a credit search they see a credit card with nil balance (and nil debt)?

Oh well, LOL. This is why I don't trust bank people.

[Crosseyed And Painless]

I have one. I use it for buying online/overseas, and just for general non-cash purchases. It's also reassuring to know I have access to some money in case of some sort of emergency.
I use online banking, so I normally just pay off whatever I've spent on the day/the next day. I'll also pay in when I'm anticipating spending, so at the moment I have a credit balance.

[la fille danse]

(Original post by LaurenFah)
I was told not using the card looked good on a credit report? So when companies do a credit search they see a credit card with nil balance (and nil debt)?

Oh well, LOL. This is why I don't trust bank people.

They want to know that you can be trusted to borrow money and pay it back and having a card and not using it doesn't show that.

[LaurenFah]

(Original post by la fille danse)
They want to know that you can be trusted to borrow money and pay it back and having a card and not using it doesn't show that.

Meh, I'm not using it regardless. But I kid you not, the woman in Halifax told me cutting the card up and not using it would look good on a credit report.

[la fille danse]

Maybe she meant "in contrast to not having a card at all, or having one and not paying it off"

[Talya]

(Original post by LaurenFah)
Meh, I'm not using it regardless. But I kid you not, the woman in Halifax told me cutting the card up and not using it would look good on a credit report.

She probably just wanted to get the sale out of you and could see you weren't keen.