i dont know what kind of credit card i should get. this is what i plan on using it for. i plan to make minimum payments (or more if i can) monthly. i dont plan on making full payments each month. what would be a good card for that habit.
2007-07-29 08:27:27 · 14 answers · asked by clueless 1 in Business & Finance ➔ Credit
You want a card with as low an interest rate as possible.
2007-07-29 08:29:27 · answer #1 · answered by Anonymous · 1⤊ 1⤋
People saying not to get a credit card I don't think is entirely right, you shouldn't abuse a credit card, but they are needed for alot of things like renting a car or reserving a hotel room etc. If you have never had a credit card before but have credit built up and it is good you probably wont be able to get one below 9.9-13% interest. Get one with no annual fee and don't get one of those ones that they make you put money into an account before they give you credit. Make sure when you do use your card that you pay over the minimum payment each time to improve your credit rating and not make any late payments because most companies charge 29-39$ for a late payment. Make sure you read all the information on all credit card offers to make sure there are no hidden charges and don't let them talk you into the payment protection or identity theft protection plans that just make your bill higher and most likely you will never use.
2016-05-17 06:22:28 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Sounds like you are going to be in trouble fast if you plan on using a credit card and not having the intentions of making the full payments. If you are still content on having a card I suggest getting one with a low interest rate and a low credit line. I've had a Chase card for a few years now and have been really happy with them.
2007-07-29 10:37:23 · answer #3 · answered by Jeremy G 4 · 1⤊ 0⤋
No credit card would be the best option for you. You are describing a terribly inappropriate use of credit.
It okay to run a balance if you know that you need some extra spending money today, and will have the resouces to repay later. You don't mention ever planning on paying back in full, which tells me you will get yourself into trouble very, very quickly.
There are many 0% intro APR no fee credit cards on the market, some with intro periods up to 15 months.
http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=710055
Many will offer cash back bonuses, or rewards credits (miles, gift cards, etc). Pick the one that suits you best. After the intro period, the rates will jump, and if you are not in better financial standing by then, you can transfer your balances to another 0% card. Do not do this unless you are certain that your cash flow short falls are only temporary (i.e. you are in school, or just started a new job, or will have other money coming to you).
2007-07-29 08:38:51 · answer #4 · answered by Anony M 2 · 1⤊ 0⤋
Ideally, NONE.....credit cards are too easily abused. I know because I was in deep credit card debt and just came out of making bankruptcy payments.
Like another poster said, look for a credit card with a 0 percent annual percentage rate (APR) or a very low APR.
And, if I were you, I'd get a credit card that does not require paying an annual fee to have it.
If you don't plan to pay off the balance, then look for the lowest APR you can find. The interest will eat you up. My advice if you get a credit card is to keep a low credit balance and make your payments monthly!
2007-07-29 08:34:34 · answer #5 · answered by Chele 2 · 2⤊ 0⤋
The credit card you get should be one that is offered by your bank. If your bank does not offer a good rate on their card then you should consider another bank.
It's best to deal locally when using credit. In this way you build a relationship with your bank.
Most credit card companies offer the same packages when you break it all down.
What you should be focused on is the interest rate. Do not fall for low 2% rates only to get 18% or more in 90 days.
You want to establish yourself and jumping from bank to bank will not accomplish this. Research your bank, apply for the credit card and build on it.
Of course it is best to use debit cards whenever possible if you have trouble spending. Using a debit card will force you to manage your money more effectively. However a debit card will not help in building credit.
Build a solid savings account that pays you a high interest rate. This is always a better plan than paying high interest.
God Bless.
2007-07-29 09:09:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋
Not having a credit card is the safest method! If you watch someone who spends freely and is bad with money, you'll understand what I mean.
However, if you really want a credit card I recommend American Express or Citi Cards.
2007-07-29 08:31:16 · answer #7 · answered by Kellie 3 · 2⤊ 0⤋
go with Visa card and look for the lowest interest rate possible. be careful not to get caught in the credit card trap. it sounds like you are on the road to high debt.
2007-07-29 08:31:24 · answer #8 · answered by biscuitboy33 2 · 0⤊ 0⤋
In other words, you plan to spend money you don't have and stay in debt. I recommend changing your plan. There is no such thing as a good card for a bad habit.
2007-07-29 08:35:17 · answer #9 · answered by STEVEN F 7 · 1⤊ 0⤋
You should look for cards that have introductory 0% apr and then a very low interest rate afterward. No one cane tell you exactly which card will give you the best deal.
2007-07-29 08:31:47 · answer #10 · answered by Andrea B 3 · 1⤊ 1⤋