So I got my first credit card offer today. Standard stuff, came through the letter box marked time sensitive.
Credit limit of between £150 and £1000. 40% APR
Pisses me off how they’re targeting youngsters, expecting them to be late in payment and then charging them HARD.
They target anyone they think they can make money from.
I used to get three or four of these a week. Then I started sending them back, and making an concerted effort to stem the tide of spam mail.
Now I get virtually none.
it’s not exploitation if you have a choice.
first world problems.
That’s ridiculous.
Take some advice. IF you must have a credit card, set it up to automatically pay the whole balance every month. NEVER get in the trap of paying the minimum payment every month - if you do that they will have you by the balls. If you can’t afford to pay for something at the end of the month, DONT BUY IT. They can only exploit you (at any age) if you let them.
Oh there are some criminal rates out there on loans and credit cards.
Always read the small print and do price comparisson sites. Also only get a credit card if you are able to control your spending it is so easy to blow cash and then not be able to pay it back!
Correct, I personally am not being exploited.
There are countless people who accept these cards and get fucked over because they don’t know any better.
I’m looking for a card I can leave under the seat in case of breakdown or if I need new tyres between paydays.
put one of the pre pay cards under the seat, load it up with about 200 quid on it for bike emergencies 
I wouldn’t though.
+1
Those things are equivalent to cash. Lose it and its gone.
A credit card would be better if lost or stolen.
I’ve no sympathy for stupid people
Why give advice that you wouldn’t actually follow? :ermm:
edit.-
Anyway, the young are there to be exploited, their turn will come.
who me? its an alternative, and i wouldn’t leave a credit card, or pre pay card, or cash under the seat… but he is going to do one of these options, so why not suggest an alternative?
Surely these are only for people with (as has been said) very few options. The person using this probably has a terrible credit rating. The bank take a risk, but balance that risk with a high interest rate.
I had something similar (not quite this crazy) as my first credit card. As has been said, pay of huge chunks, if not all, and build yourself some credit history to then get a normal credit card.
Just carry emergency cash, put it in a particular compartment of your wallet. You’re mental putting a card under your seat a) it’ll get lost b) people may take it/find it and then use it online. c) What happens if the machine doesn’t work or they don’t take cards???
Why not pay for breakdown recovery that’s £30 isn’t it???
Yes.
I think you’re assuming that he’s going to do one of the options you mentioned.
It just sounds strange to me to suggest something that I wouldn’t do myself.
My alternative suggestion would be something similar to Miss Plum’s - cash in a secret compartment (although I go with bike jacket rather than wallet - too easy to spend when your drunk) or the recovery service.
Good call Plum.
Perhaps you could look at Debit instead of Credit Cards.
My fault for wording it the way I did.
Its not actually gonna sit under the seat. I meant that it’d be with me when I’m on the bike but left elsewhere when I’m not to avoid frivolous spending.
Columbo
As you say, the rate is very high. But if it is just to give you peace of mind - then there’s no harm having it. Use it in an emergency, pay it off and there’s no interest.
After a while you will build some credit history and the rates offered will come down closer to a standard credit card rate.
Checkout moneysupermarket.com for a range of cards / rates etc. They are a pretty good site in my experience.
BL
No, he actually says in an earlier post that he is looking for a card he can leave under the seat.
Anyway, i’m done now. gets boring having you show up and dissect my comments as usual. 
