English Deutsch Français Italiano Español Português 繁體中文 Bahasa Indonesia Tiếng Việt ภาษาไทย
All categories

Or will the company demand to see actual paystubs from my employer? If so, how many? Also, what credit card do you suggest for a first-timer that would also be accepted in Europe? The only reason I'm getting one to begin with, is b/c I want to travel, but I can't reserve a hotel room anywhere w/out one and it's driving me crazy. I was told that I could maybe reserve a room with my ATM card but then somebody else said I should never ever do that, so now I have no idea...

2007-09-12 11:16:06 · 7 answers · asked by Anonymous in Business & Finance Personal Finance

7 answers

You CAN reserve a hotel without a CREDIT card. Just use a DEBIT card. If the hotel accepts Visa or MasterCard credit cards, they accept Visa or MasterCard debit cards. Even if they claim they don't, if you give them the debit card number and SAY it is a credit card, the merchant can't tell the difference. Both Visa and MasterCard require the same protections for debit cards used like credit cards as you would have for a credit card.

Note: No matter HOW you are paid, your employer is REQUIRED to issue a pay-statement.

2007-09-12 11:30:34 · answer #1 · answered by STEVEN F 7 · 1 0

If your ATM card has the Mastercard or VISA logo then go ahead and use it. If someone steals your number and uses it, the banks will cover the stolen funds.
As for your question regarding will the credit card companies issue you a card without seeing paystubs, yes they will. The card companies will check your SS# and will also check your family history for credit card usage. They will issue you a card with a small minimum so if you default they won't get hurt. As you use the card and pay it off (in full) each month they will continue to increase your credit limit. Then other card offers will flow in as they see you are a good risk. The important thing to do is use your card to make purchases but put the money away. Then at the end of the month when they ask for the money you are able to pay it off in full. You do not want to pay the interest. Credit card companies want you to carry a balance but you do not want to!!!
The best cards to get are ones that will accrue points towards something. Discover gives you cash back at the end of the year, different VISA cards offer money towards flights or cars, etc. Really depends on what you are doing in life and what is important to you (a new car, vacations, etc.). The best way though to get the most out of the cards is to use them for everyday purchases but pay them off in full. Then you have gained the valuable points but you have spent the same amount as you would have with cash (no interest).

2007-09-12 11:36:23 · answer #2 · answered by Rambler 2 · 0 0

Go to your bank. You can get whats called a secured credit card. It is an excellent way to begin building credit. Basically, you take any amount of money ($500 for example) and put it into a savings account. They will then issue you a Visa with a credit limit of $500. Use it like a normal credit card and you can even carry a balance and make payments. After a set period of time the card becomes unsecured and you can have access to your savings account. All the major cards, Visa, Mastercard, American Express work great in Europe. You can also use their ATM's to pull out currency.

2007-09-12 16:03:00 · answer #3 · answered by Sarah 1 · 0 0

I can let you know from my own experience because I get paid cash each week as well. I have only one credit card and I believe it is a credit card for people who have bad credit. It's called Tribute Mastercard. I listed what I make each year on the credit card application (I even fudged a bit), but they never asked for employer information or pay stubs or anything like that. (You can apply online) This leads me to believe the company approves you mostly on the basis of your credit report.

The card has an extremely high interest rate (nearly 30%) but if you pay your balance in full each month like I do, then you never pay one penny of interest or finance charges. There are also no fees, monthly maintenane fees, etc. I was instantly approved for $1000 credit and trust me, I had bad credit. I'm pretty sure they approve pretty much anyone because of the very high interest rate. And given the fact that it is a Mastercard, I am sure it is accepted in most of Europe, although I'm not completely sure on that.

Good luck and have fun in Europe!

2007-09-12 11:34:42 · answer #4 · answered by Christine 1 · 0 0

1. I have lots of credit cards and never had to give a paystub to get one.

2. If you use an ATM card, they may block a large amount of funds, leaving them unavailable for other transactions.

3. Credit cards that are often used by persons from the U.S. when in other countries include (in alphabetical order) American Express, Mastercard, Visa.

2007-09-12 12:29:49 · answer #5 · answered by StephenWeinstein 7 · 0 0

No shifting money on your Capital One card won't assist you in straightforward terms yet. you in straightforward terms could pay as much as you likely can in direction of your monetary employer of u . s . card each month and don't use it in any respect. Clip coupons, downgrade your cable or cellular telephone kit, consume mac and cheese a pair nights a week. you would be greatly surprised how lots further money you will could positioned in direction of your credit card bill. it extremely is the final thank you to pay it down. related to the Avon account. it's time to speak on your mom. tell her you like her to pay that off NOW it hurting your credit particularly in the event that they're calling you b/c she is previous due paying. you additionally can call Avon and notice in case you would be taken off the account you're able to need your mom's permission to do this yet once you're you able to could and quickly.

2016-10-10 11:20:13 · answer #6 · answered by ? 3 · 0 0

Yeah, just build good credit.

2007-09-12 11:24:07 · answer #7 · answered by Guy 1 · 0 1

fedest.com, questions and answers