I am researching credit cards, to basically sign up for my first one so i can build credit. I dont plan on using it except for like 2 times a years.. to actually build the credit. Anyways what is a good APR have the whole gimick of 0% APR after 6 months.
2006-12-11 14:00:24 · 6 answers · asked by embabe232 1 in Business & Finance ➔ Credit
If you are only going to use it a couple of times a year, then you should not worry about the interest rate. Assuming you do not have a credit history (or much of one), being a college student gives you the opportunity to get approved for credit cards that others (those not in school with no credit history) do not have access to.
When I was in school, credit card companies would set up tables all over campus and offer a free t-shirt or whatever if you applied for their card. Now is a good time to start your credit history but BE CAREFULL AND USE IT WISELY!
2006-12-11 14:47:44 · answer #1 · answered by Scott B 3 · 1⤊ 0⤋
A credit card will not do you much good as to building a good credit rating without your using it and making monthly payments. It is very easy, especially for someone so young and inexperienced, to get into financial trouble using credit cards. I met a guy a few months ago who has never had a credit card and he has excellent credit. He has purchased several cars through a bank and that has done him more good than anything else. If you want to build your credit you could buy a car and make monthly payments or put money into a savings account and use that as collateral with a bank for a loan. You should make monthly payments for at least 6 months. It won't do you much good unless you pay on a loan for at least that long.
2006-12-11 22:38:46 · answer #2 · answered by Flyby 6 · 0⤊ 1⤋
15% is good apr. Go here to compare interest rates
http://www.bestcreditrates.net
2006-12-12 00:50:05 · answer #3 · answered by bijan816 2 · 0⤊ 0⤋
Depends on your scores.
Read this page on credit cards, tips and good info, no ads.
http://www.expert-credit-advice.com/credit_card_expert.htm
2006-12-11 22:18:48 · answer #4 · answered by Anonymous · 0⤊ 1⤋
u see.. college students do loand without knowing too much what they doing... and pay a lot more after
try some tips at icebergtips com under student loans or even loans
2006-12-12 01:23:14 · answer #5 · answered by Like2know 1 · 0⤊ 1⤋
15% or less...they are hard to find though...some even have like 7.5%
2006-12-11 22:08:10 · answer #6 · answered by medgirl83 2 · 0⤊ 0⤋