I'm 18 and I'm getting my first credit card. I'm enrolled in college. I just want the best credit card. I just need to start getting credit.
2007-12-28 07:46:59 · 15 answers · asked by Anonymous in Business & Finance ➔ Credit
The best way to START getting credit is not through a credit card but rather a regular loan payment. Credit cards are traps in disguise.
2007-12-28 07:50:22 · answer #1 · answered by Old Geezer 5 · 2⤊ 1⤋
If you want a credit card get one that has no annual fee, has a reasonable amount of time to pay the balance from the date of purchase without interest, either pays you cash back or offers reward points. Credit cards are fine but remember you must pay off the entire balance on time at the end of each month. If you cant do that, then you really should not use a credit card. One of the best ways to get credit is by purchasing a car on credit and paying it off on time or early.
2007-12-28 07:56:53 · answer #2 · answered by Diane M 7 · 1⤊ 0⤋
Be careful with credit card offers. My suggestion is to get a card with a low credit limit (under $500) to start off. Shop around with all of the major banks (Chase, Wamu, Wells Fargo, Discover, American Express, etc) and see who gives you the lowest APR (Annual Percentage Rate). Also, stay away from annual fee cards. Lastly, look for cards that will offer you a no APR rate period.
However, Credit cards in college can be evil...I know! They are easy to use and build up a balance on. They also easy to just pay a minimum balance on, which is an easy way to build up credit card debt. If you seriously want to get a credit card, make sure you can pay off your debt in a timely manner and that you can actually afford one. It is very hard to build up good credit but you can kill your credit score in one simple mess up. So be careful, good luck and happy credit card hunting!
2007-12-28 08:02:59 · answer #3 · answered by ahardinjr 3 · 1⤊ 0⤋
Im 20 and I wish I never got a credit card. But now I realize its important to have some in good standings for car loans and home loans. Capitol One is cool. Just DON'T EVER get one where you limit is like 250 and your first charge is a convenience fee of 240 bucks. And any offer you get in the mail thats over $500 credit limit offer is as good as toilet paper.
2007-12-28 08:20:31 · answer #4 · answered by Takarie K 4 · 1⤊ 1⤋
Put in you wallet a note
Remember I have to pay for this come end of the Month
More coledge students fall pray to the credit card fly paper
Just out of high school and out on your own
Wooo Peee Dooo
And a credit card with nothing on it YET
Boy you thought your college ed was expensive ha ha ha
YOU ain't seen nothing yet baby
2007-12-28 07:52:51 · answer #5 · answered by Anonymous · 1⤊ 1⤋
Avoid credit cards until you are out of school and working.
2007-12-28 08:01:34 · answer #6 · answered by Sandy Sandals 7 · 1⤊ 1⤋
Don't get a credit card. pay cash if you don't have the money don't buy it or you will be asking for advise on how to get out of debt.
2007-12-28 08:22:37 · answer #7 · answered by jeanniep 5 · 2⤊ 0⤋
depends on what you are qualified to get. not everyone gets approved for credit cards, and if they do they have low limits on them especially if they have no credit history. watch out for those credit cards that add fees to the card once its activated.
2007-12-28 07:53:44 · answer #8 · answered by datchik 4 · 1⤊ 1⤋
avoid credit cards!
2007-12-28 07:49:09 · answer #9 · answered by ♦♥maybelle♦♥ 2 · 3⤊ 1⤋
Get a student card-
you might want to go here to compare them, pick one that is right for u
http://www.bestcreditrates.net
2007-12-28 18:50:12 · answer #10 · answered by bijan a 2 · 0⤊ 1⤋