Credit card help...im new to the whole credit thing?

Question

Okay, i want to apply for a credit card to establish credit, and i want to know what is your imput. What type of card is the best for beginners, and what do you trust?

Answer 1

You will probably pay a high interest rate if you are new to the credit world because banks don't like to take risks unless it is worth their while ($$$). Always, always, always make all payments on time (I would pay my cc before my utility bill because they can cause you real hell if you don't in fees and excruciating interest rates). And never ever go over your limit. If you have bad credit you might get turned down unless you have a co-signer (this is someone who will be required to pay your debt if you don't). If you have no credit, you might be able to get one but like I said a very high interest rate. Once you have one, don't feel like it is free money try to use it only for emergencies or needs or maybe an occasional nicety but don't splurge and don't become everyone's new sugar mama , because it gets harder and harder to pay every year and eventually you want to do other things with that amount of money that you have to pay your cc bill every month, plus try to pay more than the minimum payment which is only 2% of the balance, you will pay forever otherwise. Capital One has a low interest rate, I trust national banks like Bank of America.

Answer 2

With so many many credit card companies offering so many different credit cards, picking the one that is right for you can be difficult, so we've decided to write this quick guide to help in picking the right credit card.

Interest rate: The interest rate of your credit card governs how much extra you'll be paying back to the credit card company on top of the money you borrow on your card. For this reason it makes sense to try to pick a card with a low interest rate. Of course, if you find that you pay off your entire credit card balance at the end of each month, then you may decide to pick a credit card with a higher interest rate if it has other benefits with it; see the points below. Also, credit cards usually have a higher interest rates for money taken out at an ATM than the interest rate for purchases made on your card, so make sure you check out the interest for both types of borrowing

Cashback: Some credit cards offer a rebate of a certain percentage of the total value of purchases made on your card. If you find yourself making large purchases on your card, especially if you clear your full credit card balance each month, you may find that a credit card offering a high cashback rebate is exactly what you're after! Read more about a credit card at: http://www.credit-card-gallery.com/article/181,How_To_Pick_The_Right_Credit_Card

Answer 3

First off, the only good way to use credit cards is to pay your balance in full every month. That way you avoid interest, build your credit, and, if you have a rewards card, earn rewards (such as cash back, frequent flyer miles, points, etc.).

Some of the better credit card companies for service include American Express, Chase, and Citi.

If you're a college student, then you should go for a college student credit card. You should be able to get one from one of the above companies. To find the college student card that will pay you the most rewards for your spending profile, you can use this rewards calculator:
http://www.creditcardtuneup.com/?card_type=College+Student

If you're not a college student and haven't established your credit, then it may be tough to get a good rewards card from one of the better credit card companies. You might start out with a card from Orchard Bank (part of HSBC). In the past, Orchard Bank has offered 2% cash back rewards cards even to people just starting out in building their credit.

Answer 4

With so many credit card companies offering so many different kinds of credit cards, picking the one that is the most suitable for you can be difficult. Therefore, this quick guide will certainly help you pick the right credit card. Just visit: http://mycreditcardfinder.net/bestcreditcardcompanies-for-starters

Allow me to give you a piece of advice: Whatever bill you pay with your credit card, you have to pay on time. Nevertheless, if you pay your bills late, it will surely affect you negatively. So try to avoid late payments and never ever go over your limit.

Take care

Jere

Answer 5

Get a Rewards Credit Card:

Reward credit cards reward you depending on the amount you spend on the credit card. Usually, you can collect rewards through 3 methods. One method involves earning cash back on the card, which is generally a certain percentage of each amount you spend. The next method involves giving points or any other type of token to the customers to accrue. They can then redeem these points for gifts like luggage, cosmetics and other goodies that the credit card company offers. Most of these reward schemes have alluring gifts and huge variety of selections. But the better option is to go for a cash back reward as it allows you to use the money any way you like.

Answer 6

Lower the interest, better the card. Be careful that you be able to afford the payments. Always plan to pay it off.
Heres one example. The interest 20%. Item cost $500. Plan payoff one year.
$500 add one-half of 20% equals $550.
Take $550 Davide by twelve equals $45.83. Most likely the bill would say $20. Do not pay $20 or will take years to pay off. Pay the $45.83 and be done in a year. Eleven payments of $45.83 and $6.51 the final payment. Be aware theres other charges be added on, make sure to add other charges to $45.83 if you be able to pay it.
Do not skip any payment or the interest would double.
One lesson I learn. After you use your card, make sure that some one else does not get your numbers. Or you would ended up pay for it.

Answer 7

Its all depending on your credit score. If you have no credit score or very bad credit go a view the source below for a list of secure and unsecured bad credit credit cards. If your credit score is above 625, but this is no guarantee, try Capital One or U.S. Bank. There is no guarantee when getting approve for a credit cards, as credit score is not the only factor considered on your credit report.

Answer 8

Check my profile under credit. This is a site that has many variety of cards for any purpose. It has been compiled by experts and the quality of the site speaks for itself.

Answer 9

the exciting element of monopoly is the paying for and promoting close to the proper of the game. Rolling dice, counting funds, transferring products, etc isn't exciting. i like taking section in on the game dice the position they let all gamers roll immediately. no individual ever needs to play general monopoly because it takes continuously. debit playing cards are a step contained in the right route.