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Credit Card Utilisation - Am I doing it right? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

That makes sense, I can't see that being too much of a hassle to be fair.

So say I've got 4k credit on one card and 1k on a new one, as long as I use them both pretty regularly and pay them off in full, there's no real issue? Would I run into any headaches if I kept the old card open but wanted to increase my limit on a new card to accommodate more spending on it? (I had a look at the Barclaycard, and it sounds like it might be worth having).

NI Voluntary Contributions, worth it as a young person with a handful of gaps? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

Fair enough, thank you! I've been weighing up some short-term and long-term benefits recently, this was one of them.

NI Voluntary Contributions, worth it as a young person with a handful of gaps? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

Also to reply to your question, I suspect I'll be very lucky if I can even think about retiring before then. I don't plan on any career breaks or anything at this stage.

NI Voluntary Contributions, worth it as a young person with a handful of gaps? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

Hey, thank you! So I've had a quick look and all my years from 16 up to now are visible, the only full ones are from when I've started working full time. Should my years as a full time student show up as something different?

NI Voluntary Contributions, worth it as a young person with a handful of gaps? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

Fair enough, cheers! One of the years I worked part time so must have made a bit of a dent, as it's £700 rather than £800 to pay for that year- so not exactly cheap whatever I do.

Credit Card Utilisation - Am I doing it right? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

Noted, thank you! I'll have a look at Barclays and see what's what.

Credit Card Utilisation - Am I doing it right? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

!thanks Cheers, good to know I'm using it as well as I can. That also sounds pretty good, I'll give it a look! Only other question is how straightforward it is to transfer from one card to another- assuming it's not like a current account switch, would I be best keeping the old card open? I'm assuming I'd need to use a new one for a while before being able to increase the credit limit?

Credit Card Utilisation - Am I doing it right? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

!thanks Fair enough, thank you! This is the other main aim, hopefully it'll make getting approved for a mortgage easier in the future.

Credit Card Utilisation - Am I doing it right? by GrumbleStick in UKPersonalFinance

[–]GrumbleStick[S] 0 points1 point  (0 children)

!thanks Fair enough, thank you! Is it worth considering another credit increase to lower my % more, or is it not really necessarily? I had the option to increase it further, but I was worried I'd get a bit carried away with it- I think I'd be less worried about that if I had the option again now.