I'm a full time college student and I have a part-time job. I already have a bank account at WaMu, but I was wondering which credit card line i should apply for? I was thinking of either Capitol One or Discover Card.. which credit cards do you guy have? And how do you like it?
2007-12-13 07:28:58 · 10 answers · asked by Butters<3 2 in Business & Finance ➔ Credit
Get a card from your bank. Do not pay the balance in full, keep a small balance.
You establish a credit history and will develop a credit score. Once you get a higher score you will then be able to get a card at a lower rate. I have excellent credit and have a card I use for business that is 5.9%. I know people that have 20% or higher. Be sure to check the small print on the contracts. Watch out for those teaser rates and be aware of the following …. If you have one card that has a teaser rate say 8.9% for six months, etc.
If you are late paying any of your other bills or credit cards they can switch you to the highest rate allowable in your state. Be leery of the cards that give you a certain percentage back based on your spending, they usually charge a high interest rate and give you the false impression that you are getting money back when in reality you are paying more because of the higher rate. Shop around for the lowest rate. Good luck!
2007-12-13 07:55:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
My advice is that you do not apply for any credit cards. As a college student, do you want to be in debt before you have that job that brings you in money to pay that credit card off each month? Credit Cards are financial traps that we get hooked into for their convenience and easiness; but in the long run, I find it illogical to pay more money than I spend for the sake of having a credit card. These companies can offer you great interest rates, but as soon as you do something that you may not even be aware of, you are kicked up to a 33-36% compound interest rate. This may not be what you want to hear, but it is the most practical thing to do for yourself. Too many people give other people their hard earned money instead of save the money they have and learn how to make it work for you, grow in magnitude. Don't your bank give you a visa/mastercard check cashing card. that will work fine. If you don't have the money, your account won't be in the read. You can't spend ft you don't have, and won't own on what you did not buy. Be careful, the financial hawks are alive and well.
2007-12-13 07:41:20 · answer #2 · answered by Jay 2 · 0⤊ 0⤋
there's a wager you could desire to be denied, if that occurs do not concern too lots, you will not be the 1st who gets denied :) RE: ccidentally utilized for 2 credit enjoying cards...? i'm 18, in simple terms out of highschool, and attempting to construct an excellent credit via making sensible judgements on how i take advantage of my credit. I presently have a cellular telephone w/ a settlement and a student credit card w/ 0...
2016-11-03 03:57:52 · answer #3 · answered by ? 4 · 0⤊ 0⤋
As a newly graduated student, I'd advise you to read this page http://www.creditcarddetails.com/student_credit_cards.html
It has great credit cards, designed for students on it and I think this is the safest and best way to go. Hope this helps!
2007-12-13 08:08:28 · answer #4 · answered by ellie1010 1 · 0⤊ 0⤋
Start by getting one from your current bank. Be sure to pay off the balance each month....don't fall into the trap of paying only the minimum payment. In a year or so you will get many more offers.
2007-12-13 07:41:55 · answer #5 · answered by gvh 3 · 0⤊ 0⤋
My first card was capital one and I never have had a problem with them. The only downside is a low limit and high rate but I think if I called them I could get a lower rate and I don't need a larger limit...
2007-12-13 07:38:49 · answer #6 · answered by Amanda 3 · 0⤊ 0⤋
Go with the lowest interest rate..
I am not a Capitol One fan.
2007-12-13 07:36:30 · answer #7 · answered by HA! HA! HA! 5 · 0⤊ 0⤋
Get a debit card instead. It will do anything a credit card can do except get you into debt.
2007-12-13 18:54:21 · answer #8 · answered by heybulldog 5 · 0⤊ 0⤋
it really depends on what kind of offers you are looking for... if you are a student and just need to convience, then I would get a card that has no fees..
here is a list : http://preferred.ecreditdirectory.com/categories/no_annual_fee_credit_cards
you really need to look at the offers and decide which is right for you..
thanks!
2007-12-13 07:51:52 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Dont they will ruin your life and credit forever unless you actualy have the big $ to pay off the money that WEEK, not month, year, ect. (Dont do it, listen to the vioce inside your head)
2007-12-13 07:38:38 · answer #10 · answered by Snipester117 2 · 0⤊ 0⤋