im starting off on my credit i wanna get some suggestions on low rate credit cards for a "beginner"
2006-11-02 12:04:32 · 12 answers · asked by vickyd 1 in Business & Finance ➔ Credit
Try http://www.FastCreditCardOffer.com
Just whatever you do, resist any offers you get in the mail. You will get a much better offer if you seek it out instead of taking whatever the postman brings.
2006-11-02 12:36:57 · answer #1 · answered by perfectcreditclub 3 · 1⤊ 0⤋
Well, I've gotta start out by saying that you really should not have the percentage rate be your deciding factor.
Why? Well, I'll give you the same advice my Dad gave me: Use your credit cards just like cash and pay off your balance every month.
If you do that, then the percentage rate doesn't matter. Then what does matter? The *rewards* you get for using the card -- especially cash back rebates.
If you happen to be a student, there are some really nice rewards cards (that I wish I could get!) from Citi: The Driver's Edge and mtvU cards. There are other student rewards cards as well, but those two tend to be quite good for most people's spending profiles. If you're not a student, then there are many more options.
The most cash back you can get for your spending depends on how much you spend in various categories (gas, grocery, restaurants), etc. Taking your spending profile and figuring out how much you can expect in rewards from each of the leading rewards cards is quite a bit of work.
However, there is a free calculator tool at http://www.creditcardtuneup.com/ that will tell you how much you can expect to earn from using various cards (and mixes of cards).
Remember: Use your credit cards like cash and pay off the balance every month!
2006-11-04 17:20:32 · answer #2 · answered by moviegoer_j 3 · 0⤊ 0⤋
Low interest, no yearly fee either visa or MC. Cards that charge a yearly fee are a rip off and there's no reason with all the cards out there to settle for one with a high interest rate. Watch for hidden penalties in the contract, as well. a gas card. One or 2 store cards, but be careful using them as they are high interest, but are good for beginning credit.
2006-11-02 20:13:41 · answer #3 · answered by Jeannie 4 · 0⤊ 0⤋
I started with Discover. Now I mostly use MBNA and Chase. Chase always has 0% transfers and MBNA has low monthly payments. They are all structured differently, so call and find out the terms before choosing.
Good Luck!
2006-11-02 20:18:05 · answer #4 · answered by Echelon 3 · 0⤊ 0⤋
One that doesn't have a high credit limit. It's easy to get carried away and max out your card.
2006-11-02 20:12:17 · answer #5 · answered by First Lady 7 · 1⤊ 0⤋
You'll find a lot of credit card applications that cater to young ones in your college.
2006-11-02 20:07:52 · answer #6 · answered by Anonymous · 0⤊ 1⤋
Tribute
Aspen
First Premier
Aspire
Orchard
HSBC
These cc work when you are trying to establish credit.
2006-11-02 20:07:44 · answer #7 · answered by Luckys Charm 4 · 0⤊ 0⤋
there are tons out there, just dont get one with an APR % of over 10% or 11% otherwise you will get yourself into some trouble later on.
2006-11-02 20:12:24 · answer #8 · answered by Anonymous · 1⤊ 0⤋
If you are new, try Capital One, Republic Currency Connection
2006-11-02 20:08:32 · answer #9 · answered by The Advocate 4 · 0⤊ 1⤋
go with American express, they have low interest.
Go here to compare credit cards.
http://www.bestcreditrates.net
2006-11-02 23:48:14 · answer #10 · answered by BIjan 2 · 0⤊ 1⤋