- Dec 15, 2018
I just wanted it for a contract but I bought a phone. I may need it for a house down the line. I'm trying to avoid getting into debt. I've seen a lot of people in a spiral.Yes, I am doing that, at 640 with only the CC for 11 months, end of this month should jump as 1 year on clearscore, it's my only negative.
Very useful that I am leaving now...
Get a cheap CC based on income, my recommendation is go with Capitec, just do your spending on it and transfer over from debit card, do not treat it like a limitless card, base it on your monthly income, e.g. you have 10k from work, your normal expense is R5k, put R5k in an instant access saving account and use the CC till next payday till a max of R5k and transfer that R5k from your savings account onto the CC.
If you want to, you can also always immediately move the money over to hit R0, you just lose out on a little bit of interest in savings account/credit free window on the CC.
Timebank's app was nicer, sad they removed it.
View attachment 998392
The CC utilization is updated end of each month, I'm usually at R0, only missed one month at R3k as bought something that day.