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so i got my first major credit card

i've had previous store credit cards and stuff but its my first major credit card. who wants to go shopping!! hahahah, time to really get some responsibilites and manage my spending habits

Re: so i got my first major credit card

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Originally posted by kimchi i've had previous store credit cards and stuff but its my first major credit card. who wants to go shopping!! hahahah, time to really get some responsibilites and manage my spending habits

use it once.. pay it off and cut that shit up! Credit cards are BAD!

Re: so i got my first major credit card

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Originally posted by kimchi i've had previous store credit cards and stuff but its my first major credit card. who wants to go shopping!! hahahah, time to really get some responsibilites and manage my spending habits

yeah! i work at a wells fargo and i know how credit works but i still got fucked. i just started paying on my credit card in 3 months.

imma be very careful with this. credit = dont fuck around with

Re: Re: so i got my first major credit card

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Originally posted by sweetcandy girl use it once.. pay it off and cut that shit up! Credit cards are BAD!

no! everyone in the world should get ONE primary credit card the second they turn 18 and charge every living expense they have to it. this is the best way to build your credit. i've been doing so for 6 years and my credit rating is superb. i can get approved for some seriously ridiculous loans if i wanted to. i have friends 24+ years old who on the other hand don't have or never use a credit card and they can't get approved for any kind of loan without a cosignee or fishy paperwork. when it comes time to buy a house, this can be a deal breaker.

whats the interest rate on the card?

Re: Re: Re: so i got my first major credit card

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Originally posted by lex400sc no! everyone in the world should get ONE primary credit card the second they turn 18 and charge every living expense they have to it. this is the best way to build your credit. i've been doing so for 6 years and my credit rating is superb. i can get approved for some seriously ridiculous loans if i wanted to. i have friends 24+ years old who on the other hand don't have or never use a credit card and they can't get approved for any kind of loan without a cosignee or fishy paperwork. when it comes time to buy a house, this can be a deal breaker.

Exactly. This is how I was able to buy my house at 19. Credit cards are good.

Re: Re: Re: Re: so i got my first major credit card

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Originally posted by nerdgrl416 Exactly. This is how I was able to buy my house at 19. Credit cards are good.

1 or 2 credit cards is good. having many credit cards will hurt your credit. they are seen as liabilities by credit agencies. wow, a house in the bay area at 19 huh? damn....

yea, i hear the more cards you have the worst it looks for you. the apr is 19.2%

if you have too many cards it hurts you because they see you have too much credit available to you.

Keeping some main credit cards are key to great credit. What I also noticed is department stores credit cards give you too much credit. You can always ask them to lower the limit so it doesn't look like you have so much credit open.

ok kimchi, first purchase:

http://news.yahoo.com/s/afp/2006101...itmobilesamsung

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Originally posted by lex400sc ok kimchi, first purchase: http://news.yahoo.com/s/afp/2006101...itmobilesamsung

hahah yea i saw that dmb tv tuner, 10 megapixel 3x optical zoom. too bad its gunna cost 900+ and only works on verizon if you were to import it.

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Originally posted by kimchi hahah yea i saw that dmb tv tuner, 10 megapixel 3x optical zoom. too bad its gunna cost 900+ and only works on verizon if you were to import it.

sprint too!

BURN IT!! SEND IT TO HELL FROM WHENCE IT CAAAAAAAAAMMEEE!!

burn it, watch it melt..

DEW IT!

get a better card with a lower apr. Ive had three cards, one is associated with wellsfargo though so I don't count it...so 2. 1 has expired and I maxed and transfered the balance...the other I am paying off today with a loan check, and my credit is damn good everytime I try to finance something.


they are useful, but you have to have some skills at remembering to make payments on it on time...missing one is fine, but don't do that twice in a year (although I think you can miss twice on most cards if they are 6 months apart).

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Originally posted by Boomer187 get a better card with a lower apr. Ive had three cards, one is associated with wellsfargo though so I don't count it...so 2. 1 has expired and I maxed and transfered the balance...the other I am paying off today with a loan check, and my credit is damn good everytime I try to finance something. they are useful, but you have to have some skills at remembering to make payments on it on time...missing one is fine, but don't do that twice in a year (although I think you can miss twice on most cards if they are 6 months apart).

most cards if you miss a payment twice in a 6 month period the apr goes up.

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Originally posted by gehzumteufel most cards if you miss a payment twice in a 6 month period the apr goes up.

I was wondering why my APR looked a bit different from when they lured me in with their LOW APR.

Time to pay it OFF!

I used to have just about every department store's credit card til I got fed up with making so many different payments. I consolidated some of my bills and paid off the rest. I don't need to have so many credit cards. I now have 1 or 2 major credit cards which I hardly use and 1 or 2 other credits cards (Macy's & NY Lerners) which I pretty much pay off quick.

Too many people end up in big time debt cuz of them evil credit cards.

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Originally posted by TSG I was wondering why my APR looked a bit different from when they lured me in with their LOW APR. Time to pay it OFF! I used to have just about every department store's credit card til I got fed up with making so many different payments. I consolidated some of my bills and paid off the rest. I don't need to have so many credit cards. I now have 1 or 2 major credit cards which I hardly use and 1 or 2 other credits cards (Macy's & NY Lerners) which I pretty much pay off quick. Too many people end up in big time debt cuz of them evil credit cards.

haha yeah. my apr went up to 29.9% or something like that cause i hadnt paid on it for 3 months. sucks but i am going to make a large payment next week if everything works out good. i cant stand the debt and it kinda weighs on me.

i only have 2 cards. 1 is max and 1 is empty. i dont use either of them.

also one thing, is to NEVER close lots of cards at once. it just looks bad on your credit. say you have 5 cards and you want to close 3 of them. pay them off but dont close them. close 1 then 6 months later close another and then 6 months later close the 3rd one. this just shows responsibility and not a irrational decision.

i use my one and only CC all the time even on small purchases and try to pay it all when the bill date comes. bank rep told me this was the best way to build credit

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Originally posted by rizen i use my one and only CC all the time even on small purchases and try to pay it all when the bill date comes. bank rep told me this was the best way to build credit

the bank rep was wrong. you should have a revolving balance. always have about $100 on there. this helps build credit because you need a history. using and then paying off doesnt show anything. leave $100 on there for 3 months and just make the interest payment. then pay it off. do it again and again and again.

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Originally posted by gehzumteufel the bank rep was wrong. you should have a revolving balance. always have about $100 on there. this helps build credit because you need a history. using and then paying off doesnt show anything. leave $100 on there for 3 months and just make the interest payment. then pay it off. do it again and again and again.

yea thats the way i heard it should be done. i also heard that it looks good if you pay off the entire balance each month though. lets say i spend 300 on the card this month, and pay off 300 before the due date and end with a zero balance. doesnt that look good and raise my credit in time if i keep doing that?

well its a double edge sword. its good and its bad. its good cause it shows your responsible in putting the money away to pay it off but its bad because it doesnt show that your capable of having a payment every month.

In 2006 your bank pays your bills for you automatically! Well at least mine does. The only thing I have to pay myself is my cellphone bill, everything else I set up to be automated.

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