Should I get a credit card?


#62

Use an Amex.

Instant notifications and rewards for spending what you’d spend anyway!

Just pay it off every day/week/month and you are literally getting something for nothing :smiley:

Edit - Of course I’m joking with you now - You need to do what’s best for you, no matter what anyone else says.


(Jordan) #63

I would say if you want to get one do - I did to improve my credit rating (as some things as mentioned in the thread above don’t apply to me) - although I’m still not really sure on how your rating changes - I think that could be a new blog feature from Monzo explaining this in a bit of detail from the Banks point of view.

But in all honesty I only use it for “big purchases” at the end of the month or my petrol and usually move the money straight back - I’m a little too unorganised for the 0% game and will probably pay off what I have on it atm in 2 months and then not use it again (or only in “emergencies”).

I got my CC with the Legacy I was still banking with at the time as it was probably the best one I could’ve got having just graduated.

But to each his/her own - if it works for you then it works!


#64

Wow that is impressive, with what credit card


#65

It’s with one of the Amex cards that offer a 2-4-1 BA ticket.

The unusual thing here is the actual ticket initially costing £15K - Ultimately, you’d end up using the same number of points if the ticket only cost £3K (assuming the flight was to Mumbai).

So I guess if you want to feel like you are getting the absolute most for your points, you want to find a flight that is overpriced, and then use your points on it.

Prime example was my flights to Lanzarote last year (family of 4).

I could have probably got them for around £700 or £800 depending on what “extras” I went for (maybe slightly more).

The BA flight I ended up booking would have cost £1850 if I’d simply booked through BA (It actually cost me £115 in taxes, because I booked with my BA points).

So, did I save £1850 (minus the £115)? In a way, yeah I did.

Would I have spent £1850 on flights to a volcanic rock… No - If I had to, I’d have bought the £700/£800 flights from a budget airline.


(Lewis King) #66

The reason the Mumbai flights were so much was that they were fully flexible, something that booking a redemption flight offers, but buying the cheapest fairs often doesn’t. Anyway… more recently I’ve booked to go to Split in June, cost me £42.50ish, (business out, economy back) - would have been about £400 buying a ticket direct. I still think that’s a good use of just under 20k points (now that I’m single, finding shorthaul redemptions with their capped taxes way more appealing!)


#67

Did you go onto the flight availability calculator and see what was available?

I did… We are going to Split in August! :joy:

Cost £150 for a family of 4 (economy both ways, I don’t think it had business as an option!)


(Lewis King) #68

Yep! Bit gutted I didn’t get business on the return, but I’ve got an alert going if they add more :slight_smile: