Im 19 and i'm from the United Kingdom. I've had a bank account in my own name for about 4 years, which has at least 2 direct debits that come off a month which i've never missed. Ive never missed a payment for any thing in my life, and have always kept my bank account well in credit. Also I have stayed at the one address all my life.
I recently got approved for a Capital One progress card, which i've had for about 2 weeks now. Ive used it about 4 times and payed off the payments already, which i plan on doing, and not letting a big lump build up. I was planning on using about £50 a month on it and paying it off in full.
How long will it take for me to build up a decent credit score if i keep doing this? and what would be my rough score just now? I tried Experian Credit Score check, but it was very confusing and the documents they sent me were a load of crap.
I was hoping to get a American Express card after my credit score goes up, but the AmEx range in the UK is pretty bad.
Thanks for your help.