Credit Card

[jennyjoan]

Even if you have the money - what would be the lowest you would take out on a credit card - ie £400, £1,000 - I have never had one.

[jennyjoan]

thanks all for your answers

[EcclesCake]

And thank you for clarifying your question.

[jennyjoan]

You're welcome Eccles

[hc4361]

:D

[Tilly2]

Jenny, are you thinking of applying for a card?

[Prudie]

^ :-)
I don't have a credit card either. years of being treated like a slug when I was poor and had a Barclaycard put me off for life.

[EcclesCake]

I am sure many people would like to help you, me included. However your questions can be so, so convoluted that it is difficult.

[Peter Pedant]

all the posters are using their credit card as a 'charge card' - if you are careful to pay it off every month then there is no charge.

taking money out on a credit card is expensive
no one seems to have done it by mistake
I have - for fifty or a hundred - there is a £5 cash charge wow ! and hen interest at a special rate ( hey ! not low - HIGH ! ) for three months which is a few quid.

BUT

was earwigging in a bank the other day ( when I have a bad sight day my hearing goes up automatically to bat-like) and the girl had put in £250 and found £160 the next day
oh easy said the teller I can tell you ( ha! pun intended ! ) what happened - you went overdrawn by a few quid twice and there is a charge of £30 each time
girl - eek that ' s not fair
teller - well that is my wages you dont expect me to agree do you etc ?

wow ! and the banks nearly went bankrupt in 2008....

[jennyjoan]

""""what would be the lowest you would take out on a credit card"""" - is that not a question Eccles.

[Peter Pedant]

eccles have you ever tried READING the question before you go
" wot you on about again den ? "
I mean it is an everyday occurrence ....

[ummmm]

And you've been asked what you mean by that.

Do you mean limit?

Do you mean cash?

[EcclesCake]

What do you mean by 'take out'? Withdraw cash? As has been said this is a shockingly bad way of withdrawing cash, so expensive.

[hc4361]

It is a question, JJ, but it could mean different things.

1. I have a credit card. What is the lowest amount of cash I can withdraw from an ATM.

2. I am thinking of applying for a credit card. What is the lowest credit limit I can have?

[Prudie]

I don't understand it JJ at all. Do you mean lowest amount you'd take out in cash if you had a credit card? Or lowest credit limit you'd want if you took out a card or?

[Tilly2]

Jenny, please answer the questions.

[jennyjoan]

It was the lowest credit limit - after reading the answers I won't be getting one.