GolfGTIforum.co.uk
General => General discussion => Topic started by: mcgee9t2 on 08 August 2011, 09:34
-
I was tring to save up money for some coilovers and alloys. every time i get enough something else comes up so i have to spend it all. Now ive decided im just going to get a credit card and pay it off over tue next year or 2 (wil be able to do it. getting one 2grand payrise next month, another 2grand payrise in march. then a 6 grand payrise about june and then a few more 2grand payrises in the next year)
basically im no good with credit cards (dont know anything about them)never had one. and after paying for them its getting shredded and im not really wanting another.
Im wanting one of those credit cards were you dont get charged for things for a year or 2. (Is that 0%apr? Or is apr something differentball togeather :grin: )
whats the best one? cheers
-
Lots of info here along with links to the best deals
www.moneysavingexpert.com
Beware they are evil things
Equally when you get your payrise why don't you increase the amount you save rather than getting a credit card? :huh: i.e. work out how much your monthly payments would be and put that amount into your savings.
At least you'd earn interest on your savings :smiley:
-
Yeah. i would save more. but ide also loose a fare amount to tax and i need new tyres now so instead of buy tyres and only use them for a few months then buy alloys i thought i might aswell buy alloys now and get new tyres for them.
and cheers for the link. was looking on tgere before but i dont really understand all the stuff e.i apr. whats that? The amount your charged? Whats good ? Whats bad ? Ect.
havent had a full look cause im on my phone. gonna have a proper look tonight to see if it explains it all ect.
-
get one with 0% interest on purchases
http://www.moneyexpert.com/money/credit-solutions/credit-cards/0-purchase-credit-cards/home.aspx
doesn't matter how long thats for , longer the better obviously but don't worry too much cos.....
next you get one with 0% on balance transfers that you will transfer the balance onto before you start paying the horrific interest the original card will have after your initial 0% fee. ( there will be a 3% ish fee to do this)
http://www.moneyexpert.com/money/credit-solutions/credit-cards/0-balance-transfer-credit-cards/home.aspx
keep transfering your balance on new cards til you're all paid up. Just make sure your timing is good and cancel the cards you no longer use.
you have to make sure each card has a different parent company to the previous one , eg MBNA
I borrowed 4k over about 3 years and paid fees of well under 200 quid so virtually interest free. :grin:
-
A CC for alloys and coilovers? Surely a fundamental flaw?
-
Credit cards are the work of the Devil :evil:
-
A CC for alloys and coilovers? Surely a fundamental flaw?
i increased my overdradft and bought them with that and bought a camera as well, but it put me right in the sh!t! just about clawing my way out now. seemed like a good idea at the time!
my advice, just save dude!!! as hard as it is better than getting yourself in the sh!t, im talking from experience here
and once you have a CC im sure you will just end up using it again even if you dont think you will temptation is there!
-
A CC for alloys and coilovers? Surely a fundamental flaw?
i increased my overdradft and bought them with that and bought a camera as well, but it put me right in the sh!t! just about clawing my way out now. seemed like a good idea at the time!
my advice, just save dude!!! as hard as it is better than getting yourself in the sh!t, im talking from experience here
and once you have a CC im sure you will just end up using it again even if you dont think you will temptation is there!
Says the man thinking of getting finance on a rep mobile! :grin:
Nick
-
Stink- cant get a overdraft on my account with out paying about 10 quid a month. and im never going to use/need the overdraft after this so no point wasting 10 quid a month for the next year or so. as for the creditcard being tempting as soon as ive paid for them it would be getting cut up/given to my parents so i cant do something stupid like decide to buy a new car on it
-
It's not the credit card you need to be scared of. It's you.
We are a debt civilisation, if we can't afford it, we borrow so that we can. It's a sad state of affairs but such is life. The "devil" is our mentality of buy now, pay.... whenever we feel like it.
IF you think you can be regimented enough to pay it all back on time and before it builds up then go for it. If you cannot, then wait, save, and maybe, just maybe you might get them on a deal a bit further down the line.
-
get one with 0% interest on purchases
http://www.moneyexpert.com/money/credit-solutions/credit-cards/0-purchase-credit-cards/home.aspx
doesn't matter how long thats for , longer the better obviously but don't worry too much cos.....
next you get one with 0% on balance transfers that you will transfer the balance onto before you start paying the horrific interest the original card will have after your initial 0% fee. ( there will be a 3% ish fee to do this)
http://www.moneyexpert.com/money/credit-solutions/credit-cards/0-balance-transfer-credit-cards/home.aspx
keep transfering your balance on new cards til you're all paid up. Just make sure your timing is good and cancel the cards you no longer use.
you have to make sure each card has a different parent company to the previous one , eg MBNA
I borrowed 4k over about 3 years and paid fees of well under 200 quid so virtually interest free. :grin:
thats what i do and it works for me just got to keep on top of it :smiley:
-
A CC for alloys and coilovers? Surely a fundamental flaw?
i increased my overdradft and bought them with that and bought a camera as well, but it put me right in the sh!t! just about clawing my way out now. seemed like a good idea at the time!
my advice, just save dude!!! as hard as it is better than getting yourself in the sh!t, im talking from experience here
and once you have a CC im sure you will just end up using it again even if you dont think you will temptation is there!
Says the man thinking of getting finance on a rep mobile! :grin:
Nick
I know I know :lipsrsealed: but for a whole car its a bit different :tongue:
-
I got myself into terrible money trouble a few years ago because of the "Must have it now" mentality I had in my 20's. It is a slippery slope. The only things that go on my credit card is stuff that I know I can afford to clear at the end of each month.
I am exactly the sort of customer my Bank hates now - no debt whatsoever. And there is no safer way to be with money. :nerd:
If you can't afford it, you generally don't need it. You might want it, but you don't need it.
-
Get THIS!
0% for 24 months. You have until Friday.
http://uk.finance.yahoo.com/news/One-week-left-get-24-month-yahoofinanceuk-1352151837.html
-
if you're getting all these pay rises just wait 'til you have the cash in your arse pocket.
I have a credit card and it's for emergencies....(boiler breaks, family emergency) not car mods
-
if you're getting all these pay rises just wait 'til you have the cash in your arse pocket.
I have a credit card and it's for emergencies....(boiler breaks, family emergency) not car mods
I agree, don't bother, cards should be used for emergencies not car mods. It is a slippery slope that lots of people go down.
-
I'm intrigued. That's a significant payrise for someone who can't spell or make use of grammer.
-
I'm intrigued. That's a significant payrise for someone who can't spell or make use of grammer.
meow
-
surely credit on tick right now is a bad idea what with the economy being tits-up just now...or down as the case may be.
doesnt a poor economy lead to higher interest? im not overly sure on these things, never bothered with credit, hence why i dont have a car at the moment, still saving up for a half decent motor that i can buy in cash.
-
I'm intrigued. That's a significant payrise for someone who can't spell or make use of grammer.
haha just got a new phone about 2 weeks ago and still not used to the touch screen :D
if you're getting all these pay rises just wait 'til you have the cash in your arse pocket.
I have a credit card and it's for emergencies....(boiler breaks, family emergency) not car mods
cant really wait as all 4 tyres have maybe 150 miles left in them so tbh they need changing this weekend as i do 30 miles a day. so thats going to be atleast £200 then in a few months once ive got the pay rises ect then ill end up buying alloys so thats just wasting money imo a the tyres wownt go for anywere near that and will hardly be used.
also i just rememberd when i go back to uni i get £265 thats ment to be for books ect. but work pay for that so can spend it on what ever i want so that will be the coilovers paid off. then i just have to wory about the wheels.
-
A CC for alloys and coilovers? Surely a fundamental flaw?
i increased my overdradft and bought them with that and bought a camera as well, but it put me right in the sh!t! just about clawing my way out now. seemed like a good idea at the time!
my advice, just save dude!!! as hard as it is better than getting yourself in the sh!t, im talking from experience here
and once you have a CC im sure you will just end up using it again even if you dont think you will temptation is there!
Says the man thinking of getting finance on a rep mobile! :grin:
Nick
I know I know :lipsrsealed: but for a whole car its a bit different :tongue:
R32? :lipsrsealed:
-
I'm intrigued. That's a significant payrise for someone who can't spell or make use of grammer.
grammar
-
Credit cards, finance and loans are for loosers unless its for bricks and water...
if you cant afford to buy it then dont...
-
My advice - a credit card should only be used for purchases you can afford to pay off today or in the short term, i.e. a few weeks to a few months. Otherwise save up for it or go without.
-
I've just applied and been approved for a new credit card. My current one is costing me interest which I could do without for now, so managed to get a Halifax Card with 17 months interest free balance transfer. I'll be chopping up the old one (along with canceling it) and will be storing the new one out of reach and will pay it off when I have a chance.
I think credit cards are brilliant (even though I am having problems at the moment) but it's about learning how to use them. Like has been said, do not spend what you can't afford.