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Credit Cards

Lately I've been thinking more and more that I need a credit card for emergency purposes (and to help build up my credit a bit more). I know there was a discussion on here about credit cards a year or so ago, but I wanted to hear others opinion on cards, which ones they have and they like/dislike before I jump into getting one. I'll be honest, a credit card really freaks me out, but it seems like as life goes on I really can't skirt around not having one anymore.

Ultimately I want a card that can help me with travel and airfare, since I already do a lot of traveling to begin with.


So, anyway, pros/cons of these little plastic cards?

I have a mastercard through my bank. Rarely ever use it.

American Express. It's everywhere you want to be.

check the fees on them to make sure they suit you and make sure you have the funds to pay them off before every purchase. Doing so in full each month will definitely help your credit score.

Visa all the way.

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Originally posted by Ian check the fees on them to make sure they suit you and make sure you have the funds to pay them off before every purchase. Doing so in full each month will definitely help your credit score.

Yeah, I've always believed in the whole 'if you don't have the cash for it, don't buy it'. I heard you're not suppose to pay the card off fully because it doesn't help your score.

Do you want a credit card or a credit card? If it's the latter, stay away from it.

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Originally posted by Banora Yeah, I've always believed in the whole 'if you don't have the cash for it, don't buy it'. I heard you're not suppose to pay the card off fully because it doesn't help your score.

I don't know fully, but if getting into debt or paying more for stuff is a 'good' way to build credit, you'll excuse me if i have none!

Credit is such a fucking racket. Fuck it.

Tell us more about credit, Nou.

What kind of credit card do you use? Do you have a good credit score? I bet it'd be pretty easy for you to get a loan on a house of your own.

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Originally posted by srussell0018 Tell us more about credit, Nou. What kind of credit card do you use? Do you have a good credit score? I bet it'd be pretty easy for you to get a loan on a house of your own.

I have no credit file. I do not exist in the system.

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Originally posted by Meat187 Do you want a credit card or a credit card? If it's the latter, stay away from it.

A card for emergencies, I would opt for a very low limit ($500-$1000).

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Originally posted by Joss Weatherby I have no credit file. I do not exist in the system.

fuck I love Dale.

At least watch the movie I posted before you decide to get anything. You should also watch this: http://www.pbs.org/wgbh/pages/frontline/creditcards/

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Originally posted by EddieZilker At least watch the movie I posted before you decide to get anything. You should also watch this: http://www.pbs.org/wgbh/pages/frontline/creditcards/

I have that movie queued up in Netflix. Been meaning to watch it, I'll be sure to do so before I decide.

If you're responsible enough to handle it, go for it. I've been using my credit card for about seven years now, and in that time I've paid $0 in interest and $0 in fees while receiving roughly $4,000 cash back. Not much downside to that.

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Originally posted by Arbiter If you're responsible enough to handle it, go for it. I've been using my credit card for about seven years now, and in that time I've paid $0 in interest and $0 in fees while receiving roughly $4,000 cash back. Not much downside to that.

this. there are plenty of credit card programs that are willing to give you money to use their credit card. also being responsible with the credit card is key, such as paying your credit card on time and not spending more than you make.

also don't get scared of credit cards that have annual fees until you read the perks you receive for being a part of the program. sometimes the perks outweigh the fee.

quote:

Originally posted by Arbiter If you're responsible enough to handle it, go for it. I've been using my credit card for about seven years now, and in that time I've paid $0 in interest and $0 in fees while receiving roughly $4,000 cash back. Not much downside to that.

+1. I need one to make international purchases online.

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Originally posted by Ian check the fees on them to make sure they suit you and make sure you have the funds to pay them off before every purchase. Doing so in full each month will definitely help your credit score.

No it won't. The way to build your credit score is to make sure your balance is always below 50% of the maximum limit and, if what you owe is below 50%, to always pay double the minimum payment.

Being afraid of credit cards is stupid. Just be responsible with it and you won't have any problems at all.

1. dont buy what you cant afford. simple. dont carry a fucking balance
2. go visa, amex is shit - i have both cards
3. some banks/cards will have some gimmick bullshit read through the different "vanity" type cards, maybe get one that suits you.
4. the end. if you just want credit rating, replace your habits you do with cash with card - gas, food, etc. and pay off.

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Originally posted by Lews Being afraid of credit cards is stupid. Just be responsible with it and you won't have any problems at all.

this. credit card fear is a false sense hovering over your head.

just get a card with a 500$ limit, use it to pay grocery and reimburse it online when you arrive home (or on your iphone if you can).

This is enough to build your credit.

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Originally posted by LeopoldStotch credit card fear is a false sense hovering over your head.

If you're financially situated to afford it, they shouldn't be a problem. If you're barely making ends meet, you're better off without one. You should also be aware that there are credit card companies that don't want you as a customer if you cost them more money than they can take in from you. Make sure you look at your terms and read every piece of mail they send you.

Sweet, thanks for the advice everyone! I will do some research to see which card is right for me. Like I said, I want one that I can rack up some airfare miles on.

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