debt

At 12:25:33 on 14/10/2005, M Holmes delighted uk.finance by announcing:

Which applications are these? I've never been asked this question when applying for a credit card.

At 12:23:03 on 14/10/2005, M Holmes delighted uk.finance by announcing:

Annual fee? You're happy to PAY to have a credit card?

Huh? Doesn't everyone?

FoFP

No biggie. We're well past the point where the return on the savings invested has been paying the rent. Saving happens pretty quick afteer that.

Now all I need is the crash...

FoFP

This was on both of my applications.

FoFP

Yup. It makes you part of the problem. It's credit being used to buy houses that has driven prices up.

FoFP

Not sure whether you're trying to funny here. Yes, everyone pays to the extent that we all pay X% higher (invisibly) on all our prices. Most people do not pay an annual fee to have a credit card. You don't have charges if you pay them in full either. I even get a nice tidy sum every year from 1% cashback.

Not sure if I have a credit rating problem, my Barclaycard has a 2000 limit on and I have about three other cards that I have never used which have about 750 limit each. I don't know why I would even have been given that much credit, the only things I have ever brought with a credit card are budget airline tickets. I use a switch card a lot but I guess that does not account. I have had a couple of large bank loans to buy houses to rent but my bank was not at all pleased that I paid them back in an absurdly short period (like 8 years instead of 15 years).

Seems I have seriously misunderstood the word "cashback". Whenever I am in a supermarket queue I hear students in front of me asking for "cashback" and they get some cash, I thought it was all about getting cash out of your account?

Thanks, I get the general idea. Snag is that I tend to avoid supermarkets and go for smaller shops. Fruit and veg comes from fruit and veg shops. My card would have to be ideally suited to those kinds of purchases , plus a few cheap flight a year and about 30 trips to various garages to buy petrol. Anyhing lesser than 10 I would never ever use a card for.

Maybe a credit card is not for me afteral?

At 16:17:43 on 14/10/2005, jon delighted uk.finance by announcing:

That's on debit cards. Cashback used in the context of this thread is about receiving x% of your spend back as a 'reward'.

When I have to phone the credit card droids, they ask me what my credit limit is as a security question - something I've never ever know the answer to.

FoFP

Nope. They definitely charge me a tenner every year for having the card.

I thought it was normal. Bastards!

FoFP

Damn good job they don't ask who clients' fathers are. Not even mothers always know the answer to that one in New Labour's brave new 24-hour drinking den world.

Mmm. No.

The easy avilability of credit has allowed house prices to increase beyond inflation but not been the cause of it. You may point to more people living alone as a factor.

Can you tell me when houses were afordable without a mortgage, with say

... but anyone who'd performed an identity theft would as it's on your credit card statements.

At 16:24:40 on 14/10/2005, jon delighted uk.finance by announcing:

As long as they accept cards, virtually any VISA or Mastercard with loyalty/cashback is what you're after.

You say that like it's a Bad Thing.

FoFP