There are many credit cards.
So many to choose from, so many options, %26amp; the ones that charge a lot of money b/c of it's late fees.
Which credit card is good for me? I'll be 18 years old on the 25th, %26amp; I atleast want one.|||you are just 18! I'm so glad I caught you!
get one or two cards. don't leave a balance. meaning pay off the whole card every month. don't put more on your card than you could afford in cash every month. please don't get yourself into debt! you will be sooooo happy and proud when you get older and can get that house or car you are dying for and have no credit card debt to weigh you down.
having open credit boosts your credit score even if you pay your cards every month. don't ever pay late!!!! or go over budget.
if you follow these rules it doesn't matter which card you get because you won't have to incure interest charges or any fees of any kind!!|||ochard bank, chase, capital one, and BofA|||Check out "bankrate.com" to find the best interest rates and fees. Student cards have the best offers for those new to credit|||Citibank is the best I've ever done business with.|||Get a debit Visa or Mastercard - have all the benefits of a credit card but you use your own money and dont end up getting yourself into trouble|||Discover has some cards with 0% intro apr rates and also some reward programs like 5% cash back on certain purchase. These cards are also good to make up credit.
To know more you can visit
http://www.creditcardbiz.blogspot.com|||One of those secured VISA's is good. You have to secure a vertain amount of money. Your credit is based on the amount of money you secure. So if you put in $750 then you'll have a credit limit of $500. So the untouched money is 1.5 times that of your limit.
Why is that good? The monthly minimum is low and if you ever can't pay for months and hit hard times, they can pay it off with the secured money with minimal damage to your credit.|||I'd say none. I have never had one, and I don't intend to ever own one. Invisible money is a bad thing, and it can draw you deep down in the debt before you can blink.|||There are banks that specialize in extending Visa and MasterCard credit cards to applicants who are just establishing a credit history. Pick a bank, and see how you do. Don't apply to more than one because credit applications show up on your credit report, and multiple rejections make you look desperate for credit.
If that application doesn't get you a credit card, there are two basic approaches. The first is to start with department store credit cards and oil company credit cards and build a credit history using the cards. These cards are easier to obtain than Visa or MasterCard charge cards.
Establishing a payment history will help you qualify down the road for the major credit cards. Apply to one, meaning either a department store or oil company, and see if you are approved. Wait a few months before applying for another card.
A second approach is to get a secured credit card. With a secured card, you place a deposit with the credit card company and they provide you with a credit card. The credit limit is typically equal to the deposit.
Carrying a small balance on the department store cards or secured card isn't a bad idea because it shows that you can handle an outstanding balance. I don't think it makes as much sense to carry a balance on an oil company card because it conveys a message that you can't keep current on your gasoline purchases.
It's critical that you stay current on all of your bills. Late payments, missed payments or other payment problems will undo all your efforts to build a credit history to the point where you have ready access to credit.|||The best one is your bank's debit card. It works just like a credit card without putting you in debt.
Consider this. If you spend $500 cash today, you owe nothing next month. If you spend $500 credit today, you owe $600 next month (20% interest, which is typical of first credit cards for teenagers). That extra hundred dollars is wasted into the pockets of bankers and you'll never see it again. Not to mention if you don't pay off the entire $600 you get hit with interest again next month on what you didn't pay. Assume you only pay the minimum balance of, say, $50, next month you will owe $660! If you were to pay, say, $150, That brings it to $540 the next month. At this point you've paid $150 and still owe more than you originally spent!
This is, or course, an extreme example to say the least. But regardless of the interest rate you get, you still end up having to pay more than what was spent. It is essentially a tax on impatience.
"You want it now? OK. That $250 iPod will cost you $300 if you pay it all back next month."
Why pay the extra? That $50 could go to music on iTunes.|||Try this site...you'll find a suitable card here.
http://www.thecreditcardtorebuildcredit.鈥?/a>|||you might want to go here to compare them, pick one that is right for u
http://www.bestcreditrates.net|||Prepaid credit card is a best option.
prepaid card scores over credit cards especially if the owner has a not so perfect credit history.
The rejection is non existent in case of prepaid credit cards, there are no credit checks, no employment verification, and approval is guaranteed.
With a bit of dilligent shopping and comparision of various prepaid credit card offers, it is not difficult to find a prepaid card with no annual fees, no late payment fees, no repayments, and no penalties whatsoever. So, the ownership costs of a prepaid card can be negligible.
With prepaid cards it is very easy to promote financial discipline. Since you can only spend what you have, there is no overspending, and hence no debts.
Some prepaid cards do report their use to major credit bureaus and hence are a good instrument to rebuild credit history.
Prepaid cards have wide acceptablility, and in some cases they are even more readily accepted than credit cards. Apply online at: http://www.credit-card-gallery.com/PrePa鈥?/a>
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