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Credit Cards
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| biznology |
so ive been meaning to get one...not that i totally am in love with the idea. i've never had one and since im going on 4 years out of school i could likely deal with one. i work full time and have a limited history with loans, rent, cell phone - but i still dont feel like getting raped.
i do know that has more to do with how you pay off the card, but i also know that all those low rate starter deals are bogus in the long run.
i dont necessarily need a picture of pedobear on the front, (capital one card lab), but i would like something somewhat painless that could allow me to purchase something more extravagant.
anyone else deal with this recently? the idea of debt freaks me out, but then again i have nothing new to show for it| |
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| elFreak |
| its your first card, your rates will be . |
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| iammesol |
| I am in this category as well. |
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| Project-K |
| If you get one, just make a habit of paying it off right away. |
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| biznology |
well but what is ? higher than 18% or is that about right?
where is the best place to start looking? my bank is one possibility but that place is annoying| |
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| UmmiE |
Credit cards can be tricky......Its fun to spend the money you dont actually have ........ but paying back can be a bitch....Just paid of $6000 debt on 2 credit card.
Make sure you only use it when you have to have to use it.....If your thinking along the lines of making credit history then set a limit that you can payoff when the bill comes..... For example:-
set that on your Credit card you wont go more $80 a month shopping.
It will build credit history and you can pay off it whenever you get paid from work. |
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| KiNeTiC ENeRgY |
| At 18 most people should get one to start building credit. Though too many lack self control and don't realize u have to pay that back, lol. Your first card should only have around $500 limit and start using it to make small purchases and pay them all off at once. Credit is everything in this world, don't it up. |
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| raynbo |
| Anyone know good place to find out all the terminology in the legal agreement for cards? I also want my first one, just so I don't get denied credit at Best buy or something. I do know store branded cards have way high interest rates, but that's about it. Any help would be great. |
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| biznology |
| quote: | Originally posted by raynbo
Anyone know good place to find out all the terminology in the legal agreement for cards? I also want my first one, just so I don't get denied credit at Best buy or something. I do know store branded cards have way high interest rates, but that's about it. Any help would be great. |
law school? |
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| KiNeTiC ENeRgY |
| quote: | Originally posted by raynbo
Anyone know good place to find out all the terminology in the legal agreement for cards? I also want my first one, just so I don't get denied credit at Best buy or something. I do know store branded cards have way high interest rates, but that's about it. Any help would be great. |
I would only use those store only cards to make a large purchase on say a flat screen TV or furniture @ 0% interest for 12 months or whatever. Pay it off before the high interest rate kicks in and then cancel it. Those cards will fcuk u up bad if u can't pay it off in time. |
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| gehzumteufel |
| quote: | Originally posted by Project-K
If you get one, just make a habit of paying it off right away. |
for credit building purposes, this is the WORST advice ever!
people have this common misconception, that the first time cardholders should pay it off right away. this is patently false. why? because you have no REVOLVING BALANCE! you need this revolving balance for a MINIMUM of 1 year, preferably 2+ years to PROPERLY build credit. also, NEVER EVER cancel more than 1 credit card in 6 months. this looks bad on your credit report and is reflected in your rating.
want anymore info? ask questions. ill answer them to the best of my knowledge. |
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