so im turning 18 in 3 days and wanted to get a credit card...where should i get my first?

Answer 1

There are several, Capital One, H.S.B.C., Discover, American Express, Washington Mutual.

Whichever one you choose use it for everyday things be careful never to exceed 30% of your credit limit in any given month and pay in full before the due date.

This will do two things, first it will establish a payment history and second it will keep your debt to credit ratio very low.

These two things alone make up 65% of your credit score.

Answer 2

Wow, that's great you're going to be 18! Do you also have a job? If not, then don't get a credit card...you do have to pay the money back.

Also, you have no credit history, so you're only choice are high interest ones, like from Providian, or if you want to build your credit first, then take out a secured credit card. This will be good practice for you.

Answer 3

First, let me tell you that you NEED to be careful when using a credit card, or else you could be in debt for a looonnnngggg time. Still, If you are a responsible person and can always stay on top of your bills, then I recommend either American Express or Discover card, since they seem to have great rates. DON'T ever go with credit cards from department stores or places like that since they can have really high rates. Good luck!

Answer 4

American Blue Express Credit Card; Apart from no annual fee feature of the American Blue Express it also gives cash returns on specific purchases. Users of the American Blue Express also enjoy protection against fraud for online credit card transactions. This card tries to right the various wrong notions about the American Express credit cards, one of which is that it is a credit card only for rich or those who have money to keep a credit card.

Answer 5

Do not get one until you have a steady job (meaning 3 years there).

If you are going to college then there will be tons of people on campus offering t-shirts in exchange for your signature to sign up for a credit card. Any of those will work because you only need a credit score of 320 (exaggerating) to get one.

Answer 6

Save $1,000, then get a Secured Credit Card at any major bank. I think that is the best way, check out myfico.com

Answer 7

You can got to http://www.creditexpress.blogspot.com they have credit cards for every one even if you never had credit before or if you have bad credit you still get a credit card

Answer 8

Check with your bank first. If you can't get a card thru them, try a store or gas credit card.

When you do get a card, charge only what you can pay in full each month and always pay on time. That way you will build a good credit history.

Answer 9

at 18 there is no need for you to get a credit card just because you can.( and banks love to approve 18yrs.. just because they know they are a good bank asset- meaning that they will make more profit off you, - .you need a steady job with a paycheck every two weeks to be able to afford to have your credit card balance paid in full!!
don't think you can just pay the minimum amount each time..it adds up and that $500 pair of jeans will end up coasting $1000.00 or more..in the end..

Better to just get a debit card, IT'S CHEAPER IN THE END!

Answer 10

DON'T DO IT!!!!!!! (Yes, I am screaming this right now! I know from experience.) I repeat: DO NOT GET A CREDIT CARD! That's the stupidest thing that you can do!

You're 18, I am 35. I wish that I could go back in time to when I was 18 and talk to myself and give myself advice.

So listen up, what I'm about to tell you is worth gold. This advice is worth just a little over $40,000.

If you don't have money for it, then don't get it.

Save up money for clothes, going out with friends, car, and college education.

You want a car, save up $5K to $7K and buy a 7 year old honda civic. It should last you for at least 5 years. You're 5K over 5 years would be $1000 a year. That would cost you $83/month. A lot better than a $250 / month car payment.

You want to go to college, get your parents to pay for it or pay as you go through. Go to a state school, they're cheaper. When you get out, 5 years later, no one will care what school you went to when you're looking for a job. They want to know what you can do.

Don't even try those rebate cards. The ones that give you 5% back or airline tickets or whatever. It's a serious hassle not worth the time. I tried that for about 4 years and it seemed that I spent a lot of time making sure that I didn't get an incorrect charge on my account, or making sure that I wasn't late, or fighting with the credit card company to give me the points or whatever. Its a hassle! Not worth it!

Shortly after I got out of college, I had $23K in student loan dept, $8K in car dept and about $14K in credit card dept. That dept was literally sucking the life out of me. It brought me down so much. I was having to work so much to pay that debt off. I felt like a slave and a slave I was. The Bible says that the borrower is slave to the lender. Welp that's what I was, a frikin slave. It took me 4 hard years to pay off that debt!

If I had only paid for things when I had the money, then instead of being at -$40,000 I would've been at $0. Instead of paying $750+ / month to pay on debt, I could've invested that money. 4 years later instead of just being out of debt, I would've had $30,000 saved up some where.

Yes, they say that you need to have credit to build credit. That's a myth. Go to http://www.daveramsey.com to see what he says about this crap.

Remember I said that this advice is worth a little over $40,000. Well that's the amount of unsecured debt that I had when I was in my late 20s. That's why this advice is worth over $40,000.

Almost done with the lecture. I HIGHLY recommend that you do either one of these: participate in a small group Bible study doing Dave Ramsey's course or a Crown course. These courses cost money $50 to $100. Not sure exactly how much. But very very very very worth it! (See links below) I have not done Dave's but I listen to him on the radio and on line. He's a solid guy. My wife and I did Crown. That was the financial turning point for us. 8 years after doing Crown we have absolutely no debt whatsoever! No credit card or car debt. No house debt. Plus we have a HUGE chunk saved up for retirement. She's a stay at home mom, we save about $10,000 / year, we give away about $10,000 / year and I only make $74,000 / year. With God's help and your head on straight, it can be done!

One more thing, Freedom is an awesome feeling. Stay free, don't get into debt. I'm serious there sweetie, don't even dabble or toy with a credit card. You play with snakes, you'll get bitten. You play with fire, you'll get burned. You play with credit......