Credit Cards

A question about : Query

Hi all, - Thanks for you advice in advance!! !

This has always crossed my mind and I've often wondered if there is a right (advantageous) or wrong (disadvantaged) way of doing this....

Basically, when applying for a new credit card...what is the purpose of the lenders asking for what your existing cards are and also the limits and outstanding balances they carry ?

A question about : Card Protection Policy renewal – are they worth it

I’m starting to think if this policy is worth it. I have never ever used it and it has been increasing each and every year currently Ј16 per year with Barclaycard, covers the whole family though.

Does anyone know of any cheaper policy’s out there? Are they really worth it? The T&C’s probably wouldn’t cover any normal event anyway; they’ll just squeeze out of it as they always do. Then again that applies to all policies.

Comments appreciated.

A question about : HOW TO BUILD UP CASH LUMP SUM WITH NO PENALTIES?

Can anyone help me out here as I am confused.How can you build up money you want to transer to a bank account without paying penalities?

I understand you can balance transfer from existing loans etc that give you 0% fixed period but with most cards this does not apply to cash advances and purchases?

How are you supposed to transfer say 2K from a credit card card to a bank account to invest as the money taken out from the card will be a cash advance and thus incur charges.

A question about : Vanquis don't do faster payments? :/

I rang up today, with my OH, hoping to get the details for to him to pay the balance off with faster payments. But they say they don't offer faster payments as they aren't a 'clearing bank'.

Is this really the case, or was the person I spoke to just unaware of it? :/

A question about : PLEASE HELP best use of credit building cards

Hi all! Basically I got into a lot of debt years ago and decided to take on some credit building cards but so far they do not seem to be helping! Basically i use them every month mostly to the max, they are only 300 between them! I have de set up to pay the balance in full!

My concerns are these:

I mostly use them upto a week before the statement date but the full amount is never paid, why is this? I don't want to be paying Hugh interest on them!!

A question about : Can someone help me in clearing my Credit Card Quicker?

I have a credit card in my name, unfortunately it was maxed over the years by the second card holder, now my ex.

A question about : Credit Cards after a IVA

Hello

After completing my IVA i have just been accepted for my first credit card to help build my creditt score, i have gone for a Aqua Advance with its free credit score checker, text alerts & online account.

Anyway my question

Would i build my credit score up quicker if i had 2 credit cards?

Would i be accepted for a 2nd credit builder card?

A question about : Son has Amex Gold Card in US; turned down for standard Amex card in UK

Our son works for an investment bank in the US where he is on a good salary. He has been there 10 years. He has no outstanding debts and an excellent credit history. In the US he has an Amex Preferred Rewards Gold card along with several other high end cards. However he is transferring back to the UK imminently (same firm) and has applied for a number of UK cards. These (platinum) cards have all been approved.