Q&A: first credit card
Question by megan_trigg2000: credit cards?
I am planning on getting my first credit card this summer and was wondering on what is the best one to get and why? What should i look for in looking for one?
Best answer:
Answer by Stareyes
I like Discover because you get cash back. You can also look into Chase cards that have different types of rewards. Look for one with a low APR and good rewards for your spending.
Know better? Leave your own answer in the comments!
Getting Credit Card is like tied a rope on you neck. But if you spend wisely its like diving on the sky. Everyone already have their own mc, even the children got it. It is nice to have one then enjoy it. 🙂
Good luck, lot of choices here, click credit card heading
http://www.goodcreditcars.com/
If you don’t have any credit to begin with you won’t get a best one. You’ll get the bottom of the barrel one that will most likely charge outrageous interest rates. For a first time credit card, get one at a department store and build your credit this way. Get it built up pretty well until you have a few department store cards and keep a good payment schedule.
Give it about 6 months to a year to build up good credit with these cards and then keep paying them off, then charging small amounts and then paying them off again. Do that, don’t try getting a major credit card without any credit, you will hate the company or bank you signed on with and yourself for going for it anyways.
I did just that and pretty much screwed up my credit, now it’s much better.
1. No fees.
2. dont ever carry a balance- pay it off every month. THe financing charges on credit cards are the highest of any form of borrowing. credit card debt will kill you.
good luck.
Pay your bills on time a pree paid they still give you credit as well.
Don’t be fooled by “introductory” interest rates – they try lure you into it, then jack up the rate after three or six months. Get the one with the lowest interest rate.
Make sure you pay off your balance EVERY month. Don’t get hooked by using credit, it’s a never-ending cycle of horror….