Credit card

Pinto

Hi I've taken out a 500 pound limit credit card. Do I declare to uc

OverlyAnxious

No, UC aren't interested in credit. 🙂

Rosie_Scope

As OverlyAnxious has already said, no that's fine @Pinto ☺️

If you get reviewed, just remember to tell them about it if they ask, but you don't need to report it now.

SoapySoutar

I have never been asked anything about my credit cards, and I use them to pay for virtually everything.

jonf

is cash back or air miles something that you have to declare.

Pinto

No just a straight forward credit card

OverlyAnxious

https://forum.scope.org.uk/discussion/comment/1116587#Comment_1116587

Cashback is a grey area. Technically it should count as capital. But UC have no way of checking it, and I doubt anyone is declaring it. If you move the cashback into your bank account, then it will get included in your capital at that point.

There are other places where people can 'store' money in this grey area, such as gambling accounts. Things like Nectar points wouldn't count as capital because they cannot be taken out as money, only exchanged for goods at specific stores. I assume Air Miles works the same way as Nectar points, with no monetary value, only being exchanged for the service of a flight.

jonf

https://forum.scope.org.uk/discussion/comment/1116719#Comment_1116719

or exchanged for nectar points

SoapySoutar

I don't imagine air miles are much of an issue for the vast majority of us benefit claimants.