Which Credit Card
Date: Sat, 05/29/2010 - 10:45
I have a LLoyds card, M&S card, Asda card and a Virgin card
We are paying these off at the moment, and even though its a while away I got to thinking once they are paid off, how many should I keep and which ones?
Asda rate is shocking 24% but thought if I kept this one to do my shopping at asda on (which is where I do my food shopping) you get points on it and then asda vouchers once a year
Virgin rate is 15% I think off the top of my head, I read somewhere if you book a virgin holiday on a virgin card you get 10% discount? not sure if that is true lol but if it is great cos we want to go back to new york when we are debt free and I love virgin planes so we would go with them
Lloyds 17% I think, no benefits to it
M&S I think the rate is about 15% again you get M&S vouchers for spending on the card, but I dont live that close to a M&S so am rarely there?
I was thinking of keeping two? the virgin card and the asda card? i know the asda rate is high but if I pay it off each month and only do my shopping on it then the rate doesnt matter does it?
Probably the two I'd keep too. MBNA cards have a history of repe
Probably the two I'd keep too. MBNA cards have a history of repeat offers, and if you apply for any other MBNA card in the future, you can transfer your limit across from the Virgin card.
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The best credit card to have is one with a zero balance. And the
The best credit card to have is one with a zero balance. And the way to make sure that they stay at zero is not to have any cards. It's a vicious cycle.
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Hi, Credit cards are kept for the purpose of an emergency.It is
Hi,
Credit cards are kept for the purpose of an emergency.It is to be kept in mind that it should always have a less credit balance to meet up with any sort of financial crisis,only used during emergency as we are all aware that the interest rate is quite high ,and at times it even crosses the principle amount!If the usage is more there is a probability of falling into the debt trap!