How to get a credit card - CapitalOne Visa Card?
- Does using a debit card affect my credit history?
- CapiatlOne, Vanquis or Aqua - what is a typical starting credit limit?
- How am I linked to my credit rating?
Does using a debit card affect my credit history?
Using your debit card has no direct connection with you official credit history kept by credit office. On the other hand it does connect to whatever your bank keeps on you. For example, if you overdraft on the debit card, it will go on your bank record. Your bank keeps separately your profile and can use it to provide you with a credit line. Therefore it is good to have proper relationship with your bank.
CapiatlOne, Vanquis or Aqua - what is the typical starting credit limit?
They all provide you initially with very small credit line.
- Aqua - £200
- Barclaycard Initial Credit Card - £250
- CapiatlOne - £200
- Vanquis - £250
How am I linked to my credit rating?
First name, surname, postcode are enough to identify most of population. When you narrow it down to current address previous and date of birth then you are uniquely identified.
Ways to build your credit history.
- Join somebody's else credit card.
- Enroll into local elections.
- Buy a car with 80% deposit.
- Open "an easy credit card".
Usefull links
News
How to avoid credit card 'rate-jacking' 16 Feb 2010, 9:11 pm
Credit card providers are increasingly upping their interest rates - a term called 'rate-jacking' - without any explanation to their customers, other than some excuse about the increasingly high risk of lending money.
Credit card rates hit a 12-year high 16 Feb 2010, 9:25 am
Improving your credit score will give you access to cheaper borrowing rates. >> Alan explains Despite historically low Bank of England base rates, the average interest charged on a credit card has soared to 18.8% - the highest level since 1998.