2007-02-21 07:05:03 · 9 answers · asked by oquietnat 1 in Business & Finance ➔ Personal Finance
If you have never owned a credit card please dont' start! I'm serious, it will just lead to trouble. If you can't afford it, don't buy it. But if you want to get a cc to build credit then look for one that is very low interest and does not charge yearly. There are hundreds of cards out there. You should go with a cc that your current bank offers. That would be best. Then when you buy something make sure you have the full amount to pay it off each month. No matter how low the interest, if you just make the minimum payment you will be paying it for years!
2007-02-26 07:15:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There is NO SUCH THING as a good credit card. They are good for only one thing - going into debt. Get a freaking debit card. Most banks have debit cards that you can earn "points" or "miles" on. Also, debit cards have the same fraud protections as credit cards...don't let anyone tell you any different! As for checking accounts, regional banks are usually easier to deal w/ than the megabanks b/c some are still operated by actual humans who have decision-making powers. For long-term savings try a good Money Market w/ checkwriting privileges. They pay better than a regular savings & don't have penalties like a CD (aka Certificate of Depression).
2007-02-21 15:15:01 · answer #2 · answered by Tom's Mom 4 · 0⤊ 0⤋
I agree the most with lizzgeorge's comments. Pay off your credit card in full each month and reap the rewards! Unfortunately, the Citi Dividend Card is *no* longer available as a 1-5% card (5% back on gas/groceries/drugs); it's now a 1-2% card. : (
However, there are lots of other great cash back and other rewards cards. They all pay different percentages (from 0.25% to 6.0%) in different categories like restaurants, gas, grocery, home improvement, office supplies, etc.
The best cards tend to be from American Express, Citi, and Chase. To find the card that will pay you the most for your spending profile, check out the rewards calculator at http://www.creditcardtuneup.com/ .
2007-02-22 20:32:58 · answer #3 · answered by moviegoer_j 3 · 0⤊ 0⤋
I love my CitiCard Dividend Select Platinum Visa--and you DO need a credit card to build credit if nothing else. I've had it for years. No annual fee, they regularly boost my credit limit, and I get 1%-5% cash back on all of my purchases (depending on where the purchase is made). I request a check for that cash whenever I want--no dealing with miles or any of that crap. I put all big purchases on it and immediately pay it off--and then I get cash rewards for doing so.
As for savings accounts, I use EmigrantDirect.com (no minimum, no fees, great interest rate) and a Vanguard Prime Money Market fund ($3,000 minimum, no fees, consistently highest interest rate--currently 5.23%). I love both accounts and contribute to them automatically each month. Vanguard's minimum may be lower if you set up an automatic investment plan.
2007-02-21 15:46:42 · answer #4 · answered by lizzgeorge 4 · 0⤊ 0⤋
I have a list of some best credit card websites. Its a policy voilation of yahoo if i post any link here. Just mail me at solidoffer1@yahoo.com with subjet credit cards. i will send a link of best website where you can compaire rates and also different type of credit cards you never heard.
Best wishes
2007-02-28 08:02:26 · answer #5 · answered by kelli 3 · 0⤊ 0⤋
the ones that are cut up and thrown away. if you need to use a credit card to make a purchase, than you don't need the purchase. wait until you can pay for it or write a good check
2007-02-21 15:11:00 · answer #6 · answered by ribuckeye 5 · 0⤊ 0⤋
Bank of Nigeria.
2007-02-21 15:12:43 · answer #7 · answered by Jack Chedeville 6 · 0⤊ 0⤋
Misty J is right, if you want to build your credit, use a bank loan, and build it up with that !!
2007-02-28 00:10:34 · answer #8 · answered by musicman 5 · 0⤊ 0⤋
they no such thing as a good credit card
2007-02-28 20:53:02 · answer #9 · answered by Anonymous · 0⤊ 0⤋