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Post Reply Your First Credit Card ?
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Posted 11/26/16 , edited 11/26/16
to build credits-- get a credit card? that's the advice that i got from way back (for students/no credit or bad credits)

I don't bring cash around-- just in case

plus you will get pretty good discounts/deals with credit cards--

- charge only what you can pay off at the end of the month

-pick no annual fee card

then you are set-- using it like a debit card and it will earn you money back unlike cash and debit

https://www.nerdwallet.com/blog/top-credit-cards/nerdwallets-best-cash-back-credit-cards/

my first credit card was a student credit card (not sure if they still have it anymore--- it was from some small bank

the credit limit was $500-- no interest if the balance is $300 and below -- no annual fee

that's pretty much it for benefits on that card

you can't really pay tuition and books with it but it worked for me back then


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20 / M / Temple of Yaoiism
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Posted 11/26/16
I don't use credit cards, even though I should.
Posted 11/26/16 , edited 11/26/16
The format of all your posts matches the character's teeth in your avatar.
Vahvi 
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27 /❓/ ⚤ / In Flux
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Posted 11/26/16 , edited 11/26/16

starshots wrote:

The format of all your posts matches the character's teeth in your avatar.


You're right and in this one there are as many lines of text as there are teeth

Dangit now I need a gimmick!
manisa 
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Posted 11/26/16
I never owned a credit card
Humms 
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25 / M / CAN, ON
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Posted 11/26/16 , edited 11/26/16
There are only two things in life that really matter. Your reputation, and your credit. Fact

Visa platinum.

1% cash back on all purchases, 4% Cashback on groceries and gas. $3500 limit. good for emergencies, and more reward for spending, building that credit score, and this way it pushes you to manage your spending in order to make up for that $90 annual fee. I know some places don't take Visa, but filling up your tank is the best way to get cash back, and going to the grocery store when they have good sales, and you generally want to always find ways spend your money wisely

I've never checked my credit score, but if I can have this card I'd say it's pretty good
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Posted 11/26/16

Humms wrote:


I've never checked my credit score, but if I can have this card I'd say it's pretty good


some credit card companies will provide a free FICO score for you-- it should be under "benefits"

i know citibank and american express do

https://www.cardbenefits.citi.com/Products/FICO-Score
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27 / M / Your friendly nei...
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Posted 11/26/16
It's a trap
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70 / M / Columbia, MO
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Posted 11/26/16 , edited 11/26/16
Card company headquartered in TX. Member 41 years (go figure)

Grandfathered in a program outfit no longer offers. There are better rates for cards out there but my program there are no late fees, no variable rate, no over the limit fees, no rate changed / raised if a payment arrives 1 day late (assuming I have debt), 100% no bullshit on use fees, etc.

No annual fee.

Credit Limit: higher than I'd like

Credit Scores: famous radio talk-show host who talks about money and staying debt-free says these are a bunch of crap. Mine is very adequate but I tell people who don't know any better it's hovering around 398 (since it's none of their damn business to begin with).
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30 / F / Chicagoland ~
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Posted 11/26/16
I've only ever had one credit card, and I got it about halfway through my 20's. It took forever to get one too because I didn't have credit and since I was too wise to not open one when I first graduated high school (I knew I wasn't good with my money and didn't want to get myself in trouble) no card company would send me one because apparently if you don't get one immediately when you turn 18 you just can't get one (I have other friends who had the same trouble). Either way I've had the same card since, only use it to build credit.
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F / San Francisco
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Posted 11/26/16
I didn't get a credit card until I was looking at buying a home and then had to build credit. My parents always taught me to not spend what you don't have, so, if I didn't have the money, I didn't buy it. I got the card to build up credit and did it through my bank. I've since used it largely when I either feel there's a greater chance of a fraudulent transaction occurring (easier to fight with a cc) or it's a purchase that might take me more than one billing cycle to pay down. I usually keep that confined to artwork I pick up at convention charity auctions.

I have an absurdly high limit, or at least, I thought it was until a friend who has an equally high limit managed to hit it. Said friend has no willpower when it comes to buying artwork, so I'm not surprised it's happened.
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28 / M
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Posted 11/26/16
I got my first credit card only three years ago. I pay my bill twice a month in full, just to make sure everything is on time and done ASAP. When I was buying a car, they checked my FICO score and it was something like 750, so I'd say it's quite good.
Posted 11/26/16
Ya know I don't have a credit card. I only use my debit card but I have good credit. I built up my credit through Newegg
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26 / M / Leanbox, Gameindu...
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Posted 11/26/16 , edited 11/26/16
Capital One, $300 limit, never used it. I had it in case I ran out of money due to college. My account got down to $20-30, but I always had just barely enough money to avoid using it
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25 / M / California
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Posted 11/26/16
Student card with Citibank, $800 limit.

So long as you are financially responsible, credit cards beat out debit/cash by a large margin. You earn cashback/rewards, it's not your money lost in case of theft, and you're building credit - which will pay dividends when it comes time to get a car loan or mortgage (interest rate, approvals, etc).
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