From: "silicono2@yahoo.com" 
Newsgroups: uk.finance
Subject: Re: suitable first credit card: easy to get but not TOO easy
Date: 21 Sep 2006 15:06:31 -0700
   posting-account=Q25TZQwAAAA7jQToTl8BZl2oPPyRRusy


Miss L. Toe wrote:
>  wrote in message
> news:1158869757.541823.19710@h48g2000cwc.googlegroups.com...
> > Continuing with a topic I started a while ago...
> > A month and a half ago I've started work and now I'll be able to apply
> > for a credit card. Although I don't have a bad credit record, I have
> > little credit or resident history and I'll like to apply for a
> > not-too-strict card. I'm not worried about APR as I don't plan to
> > borrow (and never did borrow when I had a student credit card--after
> > studying I wasn't allowed to extend it, however), but ultimately I'd
> > like to move on to a rewards or cashback card. I was also interested in
> > Abbey's 0% foreign commission card but their TC's say they issue to
> > people who've been working the last 12 years--not quite my case.
> > For now I'll take any card to build a history, but I heard that a few
> > cards that are very easy to get can actually hurt your history? I can
> > imagine why having a card meant for people with adverse history might
> > lump you together with other bad-credit-score people. Could that be the
> > case with Capital One's classic card?
> > In a separate case I read an old article about Capital One's and other
> > cards unintentionally not helping you improve your credit history as
> > much as they could--they count your borrowing in a different way such
> > that it exagerrates the amount you borrow, making you look more
> > indebted than you are?
> > Anyway, I'm looking for a card that's good for someone who's just
> > started working for one and a half months on a starting salary of 18k
> > pa (full time), resident in the UK for a year and a half so far (my
> > longest unbroken period of residence here). Should I wait for another
> > paycheck or two to go into my account before I start applying? I've
> > tried asking credit card issuers and they tell me to go ahead and
> > apply--but we all know that should I be refused, I'd just be digging
> > myself in deeper.
> >
> > Seb
> >
>
> Who do you bank with ?
> Do you have an overdraft , or history of paid off overdraft with them ?

I'm with the Royal Bank of Scotland, answer to both questions is no.
Now I remember they offer a credit card--and with a nearly worthless
reward of 1 air mile per =A320 spend... you're right, I should be trying
my own bank first.
Or if it's possible I'd like to start earning rewards right
away--MutualPoints offers one (via MBNA) that's equivalent to a cash
value of =A30.006 per =A31 spend--not a huge reward but can build up, and
cards with better rewards are probably choosier about issuing.

Seb