I have no credit card, don't make much $ but am very good @ saving up $. What should I do ? Should I save a few hundred dollars & then ask the bank to lend me the $ & then pay them back in a certain amount of time ? I'd like to have a credit card to be able to buy tickets online or even through ticketmaster. I'd ONLY use it for concert tix. What's the best way to go about in doing that ?
2006-09-27 14:14:55 · 9 answers · asked by Anonymous in Business & Finance ➔ Credit
I save up for things. Like, I've saved up $ to go see the Goo Goo Dolls & even an extra $40 for merchandise. But I doubt I'd be able to pay only $130 for Countryfest (cheap price) for the last wk'd of June. Thurs (part of that day), Fri, Sat & Sun (part of Sun ?) I already have a lot of things to save up for. I plan on being able to have $100 to spend on a 35 mm camera (or save up for a digi cam) & I'm putting away a certain amount for Christmas every payday + possibly $50/payday for a pr of new glasses by the end of the yr... loooots of envelopes to save up for all these things I wanna save up for !!!
2006-09-27 14:20:26 · update #1
Did I mention that I don't have much of an income ? Work PT only... hard to get a job round here...
2006-09-27 14:21:17 · update #2
I'm 26 (27 on Oct 10th yaaaaay my b-day / booooo I'm gonna be 30 soon !!! :'( lol...) & not in Uni or coll. I graduated hs but have no intentions of going back to skewl next fall. I went to the Academy of Learning. Would that have been a good time to try to apply for credit ? I was going for a yr a few yrs ago or so & took bout 10 courses. I took another course last Sept but haven't even written the exam yet !!! AAAAAA !!!!!! If anything's holding me back fr moving, it's that. The Academy of Learning is a place where you can learn how to use comp progs & office-related courses. Basically it's a computer & business 'college'. I don't consider it to be a "college" tho cuz it's more of a classroom setting. It's in a mini mall even. Class size is prob no more than 30. You can look up this school online if you wanna know more bout it :)
2006-09-27 14:39:05 · update #3
I have/Had... a debit card but I lost it :'( So now I'm only making 2 transactions a MO !!! I go to the teller & take out the few hundred $s & put the $ where it belongs (the envelopes that I'm saving up for things) I hope my debit card turns up sooooon !!! I lost my library card & what do you know, it was just under a few papers !!! :$ I don't wanna have to get a NEW debit card... AGAIN !!! I know this # by heart (the # on my card) & I use it when I do telebanking. I want credit just in case I need it one day.
2006-09-27 14:42:46 · update #4
Re: paying for tix wit a credit card, I'd have the money first of all, then, cuz I can't physically order them in person, I'd have to make a long distance call to order the ticket(s). That's the reason for having a credit card. Also, when I bought my bed, the dealer (I think) said, that I couldn't take it home til it was paid for cuz I don't have credit or anything... something like that. Or was he saying that I had to pay for it wit a c card if I was gonna take it home. Oh well.
2006-09-29 16:37:48 · update #5
Bout my debit card, they've had to report my card as "stolen" just cuz I lost it or they woulda had to charge me prob.
2006-09-29 16:40:01 · update #6
Open one credit card with a small limit, make sure you are never late with payments, and to raise your fico score when you make your payments pay at least twice the minimal payment. Keep your balance below 35% of the credit limit. Sometimes you need a credit card, just be careful not to abuse it. Also when you have a credit established this way it's makes a lender more likely to you give you a loan for a car, home etc.. and with a lower interest rate as opposed to if you didn't have established credit.
2006-09-27 14:26:33 · answer #1 · answered by Jolene 2 · 0⤊ 0⤋
It actually depends on how old you are...the younger you are,lets say around 18 to early 20's then the lower your credit card limit is. It also depends on your credit score the higher it is the more the creditors trust you and Im assuming you dont have much credit background yet. If you really have the strong desire to apply for one then go for a student credit card(www.citicards.com) first, they usually have it around your school (if you're in college) and the chances of being denied is pretty low because like I said its a student card and they know you dont really have credit history. The spending limit will probably be like around 300 the minimum but it will increase eventually as long as you pay them on a timely manner. Another thing never go for the retail credit cards such as macy's,target,etc...it will put a big hole in your pocket because of the interest...Just be careful in making your decisions when it comes to using credit or best thing is just use cash.
PS: Why a credit card though? Why not a debit card? Open up a checking account usually requires a dollar for the initial deposit and then ask your personal banker for a debit card linked to your checking account. So all the money that you saved will be kept in the bank and you use it only when you really need it. you can still buy stuff online with a debit card minus the interest if you're using a credit card only difference is its taking out automatically the money from your checking account so you just have to make sure that you have enough money to cover for your purchases. Its better that way, you pay instantly, no interest, no bills, no hassle for you.
2006-09-27 21:31:57 · answer #2 · answered by june_ellis86 1 · 0⤊ 1⤋
I find the easiest way to get a credit card is by saying u are a student, then u automaticaly get one because they think you will be worth money some day (but it only works if u actually are a student). So spend money on the credit card and pay it back in full each month. This builds good credit cause then the companies know u are good for the money. Thats all i know really, thats how i have built good credit. But beware! DO NOT FALL INTO THE 'BUY NOW PAY LATER' scenario. Because that gives u terrible credit and can put u into major major financial debt. So BE CAREFUL!
2006-09-27 21:20:04 · answer #3 · answered by lanah10101 2 · 0⤊ 1⤋
I think that if you get a credit card with a very low limit, say $250.00 and you don't max it out and keep make your credit card payments on to you will be good. But be CAREFUL, because you say that you are just going to use it for ticket concert purchases, you say that now, but in the long run ,you could be purchasing unecessary things with your credit card. Use yoour credit wisely!!
2006-09-27 21:18:41 · answer #4 · answered by CLASSY 1 · 0⤊ 0⤋
It is much easier to get any kind of credit if your don't need it. A good bank balance, good job, and real property help more than anything. Ask for application at your bank.
2006-09-27 21:17:00 · answer #5 · answered by The Gadfly 5 · 0⤊ 0⤋
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2006-10-02 23:43:04 · answer #6 · answered by iamdamoon 1 · 0⤊ 1⤋
if ur good at saving and only want a credit card for that why not check into a secured credit card..lotsa banks have them..i hope i was a lil helpful good luck
2006-09-27 21:21:20 · answer #7 · answered by baby d 1 · 0⤊ 0⤋
get a credit card, buy some stuff then pay the bill on time
2006-09-27 21:23:01 · answer #8 · answered by steph 3 · 0⤊ 1⤋
why don't you just pay cash for the concert tix? seems a heck of a lot less stressful.
2006-09-27 21:16:06 · answer #9 · answered by Anonymous · 0⤊ 1⤋