I have good credit at the moment.. I'm an eighteen year old student looking for a low APR and cash back as an option. Those two are my top priorities. I don't really know too much about credit cards.. at all, really.. so I definintley need some advice. Which one/s would be best? I looked into this but I want some personal experiences/advice too.. Thanks.
2006-11-13 18:00:23 · 8 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Thanks.. I'm in the US though :)
2006-11-13 18:10:33 · update #1
I have been very happy with my Discover Card, but I recommend that you also get a second credit card for the rare cases where Discover Card is not accepted.
I highly recommend that if you get a credit card that you pay the full amount when due, so that APR is not a issue. If you can not pay in full, stop using your card, until you can.
I pay the full amount when due, well almost always
Also make sure it not just an introductory APR.
Some of the features I like (some of these are now dated).
I forgot a payment was due and the day it was due, I call them to explain, they told me that I could go to a local Sears store and pay it there. I think I did this a couple time, not sure if this is still an option.
I like their online site.
I like the occassional 5% back on selected products.
2006-11-13 18:16:32 · answer #1 · answered by icprofit6000 7 · 0⤊ 0⤋
Forget about cash back it is a joke... The more you spend the more you save? C'mon you are talking about charging 1,000 at 15% APR to get 20 bucks back.
What you want is CREDIT as an option & it is your ONLY PRIORITIES. Here is what you do to have people fighting over you to give you car loans at 1.5% & credit cards at 3% & a house down the road at 6%. The goal is to be perfect in your payments & never pay interest (only improve your credit). Say you are going to buy something & it is $100 (AND YOU HAVE THE MONEY) buy it with the credit card, put the cash in an envelope in a drawer & when the bill comes, take the money out & pay it. If you do not have the cash (EVERY PENNY OF IT) then DONT buy it. This is the weakness they want in people. They know you will think "oh I will have the cash by the time the bill is due". These companies are not stupid & do not make billions of dollars cuz you will do it right. They are where they are cuz they know you will gamble & do it wrong. This is a game in life you can not afford to lose. It is not just a speeding ticket or something. They win & it will haunt you the rest of your life (but they will love you for it). You win & your life will be so much better off & your future family will love you for it as will you. Do it RIGHT!
2006-11-13 18:19:55 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If I were you I would strongly recommend that you do not apply for credit cards right now.
You run the risk of getting in debt very early and this can impact your credit in the future.
Work and save your money to buy what you need. And consider getting a debit card from your bank. You can use the debit card just like a credit card. The monies are withdrawn from your checking account. Some stores even allow you to get "cash back" too.
I did provide a link for you to research what the best card would be to suit your needs BUT I strongly recommend you read up on how credit cards work first.
Researching this info would be your best bet!
God Bless.....
2006-11-13 18:10:59 · answer #3 · answered by ye 4 · 0⤊ 0⤋
The Canadian Tire Master Card is great. There is no annual fee and every time you use the card, wherever you are, you earn Canadian Tire Money on the card that you can redeem for purchases in their store. I think it's great. Whatever you choose, don't go with anyone that charges you an annual fee, if you wait and explore your options you will find some cards that don't charge that. Oh and for the Canadian Tire card, just go to one of their stores, there is always someone walking around trying to get you to sign up. :)
2006-11-13 18:08:13 · answer #4 · answered by Miss Dude 2 · 0⤊ 0⤋
you won't be able to get a mastercard without credit while not having a secured mastercard first. you've purely 2 thoughts: a million. Get a secured mastercard, a scholar mortgage, or something else it really is not a mastercard, first. Wait lengthy sufficient so that you do have credit. Get a mastercard it really is not secured very last. 2. do not get a mastercard.
2016-11-29 03:11:33 · answer #5 · answered by ? 4 · 0⤊ 0⤋
If you have good credit now, AVOID subscribing to ANY credit card. You'll thank me 20 years from now, when you're not anywhere near as in debt as you WILL be if you hook up with a credit card.
2006-11-13 18:04:22 · answer #6 · answered by Mr. Wizard 7 · 0⤊ 0⤋
Go with American Express the was the lowest interest rate.
Also to help you compare credit cards, and interest rates go here
http://www.bestcreditrates.net/
2006-11-14 12:54:07 · answer #7 · answered by shahab a 1 · 0⤊ 0⤋
get info about credit card.visit
http://www.freewebs.com/creditcard4all
2006-11-13 20:48:45 · answer #8 · answered by Anonymous · 0⤊ 0⤋