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Credit Cards (pg. 2)
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| kid nyce |
AMEX BLUE (looking into an IN:NYC as well)
It's amex, the only real "credit" to have. I don't have to pay off the full amount and the interest isn't so bad. It's my only main credit card. I have a back up card from Macy's Visa which I restrict to only Macy's purchases but if I really HAD to charge to my Visa I could (this card carries no debt). My AMEX on the other hand has a pretty nice debt but thats exactly what i wanted. I didn't want my debt spread out across a bunch of cards so I'm happy to say I can refinance my budget and pay off my Amex in about a year and half.
Other than my Amex and Macy's Visa, I have 2 checking account/bank cards which I move around my liquidable funds. One card for ATM and quick cash and another to write checks and store most of my money in.
Savings, I'm running an ING Direct Account which just stays dormant and I let it accumulate funds. Roth IRA and 401K match through my company should solidify my pension and future savings. BTW I'm 24 yrs old =) - MAKE THAT MONEY BITCHES! |
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| BigMike |
| Im glad this topic came up...Im applying for a credit card this week because i am getting my 4' suspension lift on my jeep installed. My dad said to not even get a credit card but i have to do it anyway. So heres the deal...I am estimating its gonna cost around a grand to put the kit on and do alittle bit of welding. I am planning on paying 300 dollars a month or so. The only problem is i dont know about credit cards. Like i dont even know what APR is and so im gonna have to talk it over with my dad. Any suggestions on what kind of card i should get? Like what should i be aiming for as in rates and APR and stuff? Thanks in advance |
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| BigMike |
| oh yea, im gonna need like a $1500 limit if at all possible |
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| verndogs |
| quote: | Originally posted by Coup
he wont build his credit doing that. |
not if you charge something small every month to the card and pay it off in full on time ;) |
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| verndogs |
| quote: | Originally posted by getfoul
I was hoping someone would chip in with this. Paying off in full = showing you are not capable of making payments. Which translates into a poor credit score.
Pay all but 50 or so off. |
not true. credit rating goes down only if you don't pay on time, not on whether you paid in full.
http://moneycentral.msn.com/content...r20s/P73746.asp
| quote: | | Finally, you don’t need to carry a balance on a credit card to have a good credit score. Paying your bill off in full is the best way to keep your finances in shape and build your credit at the same time. |
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| DarkAngel |
| quote: | Originally posted by klingklang77
credit cards are evil! |
Couldn't agree more. I have a motto...goes like this...
"Credit Cards are the Devil and Cash is God." |
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| verndogs |
| quote: | Originally posted by BigMike
Im glad this topic came up...Im applying for a credit card this week because i am getting my 4' suspension lift on my jeep installed. My dad said to not even get a credit card but i have to do it anyway. So heres the deal...I am estimating its gonna cost around a grand to put the kit on and do alittle bit of welding. I am planning on paying 300 dollars a month or so. The only problem is i dont know about credit cards. Like i dont even know what APR is and so im gonna have to talk it over with my dad. Any suggestions on what kind of card i should get? Like what should i be aiming for as in rates and APR and stuff? Thanks in advance |
lower APR the better |
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| Orbax |
Capital One
and go to askmen.com and search for the article on the credit system |
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| verndogs |
| quote: | Originally posted by kid nyce
AMEX BLUE (looking into an IN:NYC as well)
It's amex, the only real "credit" to have. I don't have to pay off the full amount and the interest isn't so bad. It's my only main credit card. I have a back up card from Macy's Visa which I restrict to only Macy's purchases but if I really HAD to charge to my Visa I could (this card carries no debt). My AMEX on the other hand has a pretty nice debt but thats exactly what i wanted. I didn't want my debt spread out across a bunch of cards so I'm happy to say I can refinance my budget and pay off my Amex in about a year and half.
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stop using a fake AMEX and get a real one :p |
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| placebo |
credit cards are good if you don't charge to much crap to them...but it adds up...5 dollars here and there, before you know it you've got a grand charged to a card from just buying random ;)
just be careful, use it when you need to.
use your debit or your credit--don't use both at the same time or you'll be in over your head ;)
but you gotta have credit to buy a car, a house, get an apt, cellphone, etc...so just dont let it get out of control :D |
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| grooviebeats |
I sell cards where I work.
8.9% Apr fixed.
Zero yearly fees.
we have 2 cards with that one is a cash back where you get 1%back the other is a rewards card that you get a point for every dollar you spend and you can buy stuff like gift cards tvs and other stuff. You can also your your points to book travel with no blackout dates on any airline world wide. I actually like this program. It comes with other free stuff too but not like you care to read about it from me. |
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| kid nyce |
| quote: | Originally posted by verndogs
stop using a fake AMEX and get a real one :p |
sorry i can't ball out with platinum or black like you mr LA-NYC pimp lol... |
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