I've never had a credit card before, what's the best one to get?

Question

when u r just starting out? And can u explain the interest rate's to me? Where can I read more about this? Because I want to research them b4 I get one.

Answer 1

Here's a great resource to research credit cards:

http://www.asapcreditcard.com

If you're just starting out, you'll probably have to apply for a credit card for people with poor / no credit. Although you'll pay higher interest rates and some additional fees with one of these offers, you'll be able to prove your creditworthiness and start building your credit. Eventually, you'll be able to apply for better offers with lower APR's and less fees.

If this is your first card, I would recommend the Orchard Bank Platinum. It has a competitve APR and lower fees than some of the other cards designed for people with no credit. You can find it here:

http://www.asapcreditcard.com/unsecured-offers.html

Hope this points you in the right direction. GOOD LUCK!

Answer 2

Credit cards is a good thing IF YOU ARE FINANCIALLY DICIPLINED. If you are an impulse buyer, don't get a card - you will regret it for life. All the card companies give you a "limit" - what they actually do is give you a "target" - and you will reach it in record time if you don't use it correctly. Usually you get a "minimum amount payable" on your statement - never look at it. See what the bottomline is and pay it all to ensure a ZERO balance at the start of a new month. ZERO balance, not "leave a little for next month".

After you read the above twice and understand what is written there, the good news. A card is the best and most cost effective way to manage your day to day finances. Where I stay, we get 55days interest free credit (see don't leave a balance on your card EVER - the interest is higher than on a normal account) - Where else can you borrow money and not pay any interest. You swipe and the dealer pay the charges - not you.

To see who is best is also easy. Go to company A - ask them what is good about their card and what is the negative points. While you are there ask them to tell you about the negative points of company B,C,D etc. Then do the same at company B,C etc. In the end you will have a list of good and bad for all.

If you have a card and find that you are an impulse buyer, a little advice - A friend of mine put his card in a cup of water in the freezer. When he see something that he wants to buy on impulse, he must first take the frozen over cup of "creditcard ice" out the freezer and leave it to defrost by itself (microwave damage the card and hot water do the same) - by that time the impulse is gone and the card go back into the freezer.

Answer 3

that's a very intense APR. regardless of the undeniable fact that, it could help you development up your credit. So if do you get this card, the wonderful element which you will do may be to apply it for purchases which you will arise with the money for to pay in complete every time you get a bill. That way you heavily isn't charged activity, yet you will possibly be able to desire to be sure that this card will provide you a grace era meaning which you're actually not charged activity from the 2d of purchase. hence, you are able to development up your credit without costing your self too lots money. additionally be sure you pay before the due date so which you are not getting charged a prior due fee. as quickly as you have commonplace good credit, you may get yet another card with a extra effective activity fee.

Answer 4

Someone will always give you a credit card. Soon enough you wil be inundated with offers, so don't let that sway you.

First read all these yahoo questions people are asking about how to get OUT of debt.

Read about how the Credit card companies raise your APR if you miss a payment, or go over your limit. Now they raise your APR because "in order to help you pay off your amount sooner" My cards minimum payment jumped over 100 dollars this month!! to "help" me?!? wtf??

I say if you can avoid it, stay away from it. Read Dave Ramsey's book "The Total Money Makeover"

Answer 5

When I was in high school I started off with a capitol one visa the limit on it was $200. As time when on and I started to you it my limit was increased to $800. Since then my limit is at $4000. But I will tell you this before you decide to get one. Ask yourself do I real need one? What do I need it for? Am I going to be able to pay my bill? Also, make sure that you get a low apr like 9.99%. If it not around that then I perfer you not to get it. Please I say if you are young and in college, don't mess up your credit, if you do. It will come back and bite you in the a s s later. But check with Capital One and tell then that you want student credit with a $200 limit and see how that works out for you. I hope that it works out for you.

Answer 6

it's hard to get a credit card if you never had credit.Get a small loan from a lending company to establish credit but DON'T spend the money ! ! !
Repay the loan within a month ( since you do have the money )
Most banks will have a credit card but with a small credit limit.
The lower the interest rate the better ! !

Answer 7

There is a site at http://www.bad-credit-credit-card-for-people-with-bad-credit.info that has a list of finance companies that issue credit cards to people with no credit or bad credit. It has the pros and cons of each card too.

Answer 8

old navy credit card with 50 limit.

Answer 9

I like Citi and HSBC

There you go : http://simple-credit-cards-and-loans.com?=yh070314