London Underground query

[ToeKnee]

I put nearly £1000 each month on my credit card (nearly all fuel and food), 28 days later it's completely paid off. In my opinion it helps me keep my 100% credit rating.

 

[Pontoneer]

I’m guessing you never took out any mortgages either then from the evil banks?

Had them in the past , houses either sold and mortgage cleared , or with the last one , paid off around a decade ago .

After separating from her ladyship , left her in the house and bought my current hovel using my savings - hence I'm now skint but debt-free .

 

[Pontoneer]

I put nearly £1000 each month on my credit card (nearly all fuel and food), 28 days later it's completely paid off. In my opinion it helps me keep my 100% credit rating.

My outgoings , for the last year and a bit have been disproportionately electricity and gas bills , ever since Vlad's 'special operation' , but my bills are due to come back down from circa £450/month ( outrageous for the two ) to sub £200/month , starting in August , which is only marginally more than they were when I bought this house 2 years ago ( was about £180/month when I moved in , smart meters already fitted and easy to monitor ) , and cheaper than the last house I lived in . Since downgrading from a 6 cylinder to 4 cylinder car 2 years ago , and also significantly reducing my annual mileage since the lockdown and still working from home about half the time , my petrol bills have come down dramatically ( the W140 gave me 400+ miles from a tank that cost £130 to fill two years ago ; R129 was about the same . The W124 E220 also returns 400+ miles from a tankful but currently costs sub £80 to fill up , and recently I ran it almost dry to see how far I could push it , getting to almost 500 miles before I chickened out , and it was still sub £90 to fill up - I tend to fill up as soon as the light comes on . These days it it rare for me to put more than two tanks in per month ; days gone by I'd go through two tanks every week , sometimes more ; but I was always on the road then . Nowadays my car can sit outside from one end of the week to the other .

 

[Darrell]

I absolutely hate, hate how banks try to do everything in their powers to force people, out of fear, to get credit cards.

Speak for yourself.

Start ‘em off young with student overdraft, and keep ‘em in debt for

Not me.

After overdrawing my student account to -£3000 in my 1st year of uni, I worked all summer between 1st and 2nd year to pay it off and never again have I used an overdraft.

I didn’t go to Uni but I went to college but it was part of my apprenticeship.

I will never own a credit card.

I had one for a couple of years in my early 20’s but ditched it.

Debit cards actually have decent protections in place especially if from the big banks, only really a couple of the newish ‘online only’ banks like revolute, starling, monzo etc do you have to be more careful with.

 

[Gollom]

I put nearly £1000 each month on my credit card (nearly all fuel and food), 28 days later it's completely paid off. In my opinion it helps me keep my 100% credit rating.

We use a Sainsbury's credit card for any purchases circa £100 or over as we get Nectar points. Automatically cleared each month and we normally get over £100 in points each year

 

[AMGeed]

I have two cc's but have a zero balance on them.
Just handy to have for any emergency.

 

[clk320x]

Credit is an amazing tool when used correctly.

Why put for example £60k into a car (cash) when you can put it into another investment that yields a much greater return than the % APR?

 

[Pontoneer]

Credit is an amazing tool when used correctly.

Why put for example £60k into a car (cash) when you can put it into another investment that yields a much greater return than the % APR?

Perhaps you don't need it ?