I was wondering what credit cards people thing are the best?
2007-01-05 04:21:53 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Well, it depends on how you plan to use it. If you're going to carry a balance and have to pay interest, then you need to look for one with a low interest rate. Otherwise you just look for ones that have good rewards for using them. I've had one through Chase for a few years now and I haven't had any problems with them. They have tons of different cards with different types of rewards too.
Credit cards don't always have to get you in trouble (like someone said). If you just use them for things you can afford and pay them off, they're not a problem at all.
2007-01-05 04:32:19 · answer #1 · answered by Christina 7 · 0⤊ 0⤋
If this is your first credit card you want to start simple. My first credit card was for Capital One. When I first got my card my credit limit was 300. Over time, let's say in 6 months time, your credit limit will rise if you pay your bills on time. As far as interest rates go, if this is your first credit card, chances are it might be a little high, but once you start to pay your card off on time it will lower. So my suggestion is to go with Capital One. I've been with them for a year now, and I haven't had any problems. You can also try Citibank. They have a lot of cards derived for College students if you are one. For example, with Citi if you make good grades you can earn a certain amount of points. I’m not sure what the points could be used for, but they give more information on their website. The card is called an MTV U card. Two of my friends have it, and they never seem to complain. Here is the link if you would like more information:
http://citi.bridgetrack.com/usc/06/college/mtvu/joeQ2/default.htm?ProspectID=7096F3CF34BF4A59B33A3CF2908AA801&sc=4C7CW035&m=9CAG00000BW&B=V&app=COLLEGE&langId=EN&siteId=CB
In all, I would have to say Capital One and Citibank. I hope that helps.
2007-01-05 12:50:06 · answer #2 · answered by Simply_Me 2 · 0⤊ 0⤋
You need to check for a few things:
1. A low FIXED APR, under 10% is good. Anything over 16% - forget it.
2. No annual fee or membership fee or introductory fee.
3. Check for good offers like an intro of 0% for a year.
If you have good credit you should get good offers. If you don't see a card that you like keep looking. If your credit is bad (under 650) you will have to take a card that charges higher interest. Use it sparingly to build your credit score and don't carry a balance. It takes years to get a good credit score so be patient, diligent, and responsible when paying your bills.
2007-01-05 15:15:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
First, the best way to use a credit card is like cash. Pay off the balance every month. That way you get the free "float" (short-term loan) *plus* you get to reap the rewards that your card give you -- such as cash back on purchases -- up to 6% in categories like gas and groceries.
Assuming you use your card(s) in the way I've described, then your goal is to maximize the rewards that you get from your card. The best card to get will depend on how much you spend in different categories like restaurants, groceries, gas, home improvement, etc. There's a free calculator at http://www.CreditCardTuneUp.com/ that will show you how much reward to expect from the leading cash back rewards cards for your spending profile. So you can pick the best card for yourself there.
2007-01-07 16:11:34 · answer #4 · answered by moviegoer_j 3 · 0⤊ 0⤋
If you mean in theory, the kinds of credit cards you have, some are better than others. Visa, MC, AMEX, Discover, etc., the big ones, are considered good credit; others may affect your credit negatively. Such as credit extended to you at a store, or the mall when you go out and buy appliances, etc.
http://www.how-is-your-credit.info/
http://www.creditandcreditreports.com/the_major_credit_agencies.html
2007-01-05 14:53:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
NONE... they are far more trouble than they're worth. If you need one for things like airline reservations or online purchases, you can use a debit card with the Visa/MasterCard logo on it so you're still paying for it out of bank account.
2007-01-08 19:03:38 · answer #6 · answered by Jen G 5 · 0⤊ 0⤋
I have them all and I am beginning to use my discover instead of the rest. The rewards programs are much better and the rates are very competitive. Here's a link for you if you are interested.
2007-01-05 12:36:31 · answer #7 · answered by Anonymous · 0⤊ 0⤋
NONE - - - - THEY GET YOU IN TROUBLE - - - However, if you are determined and have good credit - - - look for one with the lowest interest on purchaces AND cash advances. If you need one to START credit - - - get a secured one - - - your banking institution should have applications - - - First Priemer Bank is a good source - - - go to
http://www.firstpriemierbank.com
2007-01-05 12:27:48 · answer #8 · answered by PizzapaulsONLYgirl 2 · 0⤊ 1⤋
If you really want one that is the best get one that doesn't have any annual fees and low interest rates.
2007-01-05 13:21:52 · answer #9 · answered by wyattj23 3 · 0⤊ 0⤋
What do you mean best? Is it in apr, or rewards.
here is to compare them
http://www.bestcreditrates.net
2007-01-05 17:44:31 · answer #10 · answered by Anonymous · 0⤊ 0⤋