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I'm looking to get a credit card here soon to start building credit and was wanting to know how much someone that has no credit history whatsoever is looking to get in credit limit. I know it depends on bank and what not but what is an average for someone in my position?

Your credit card company will base your credit line on your income, expense obligations (they will check your credit scores even if you don't have any yet) then based on your length of employment at least 6mos you will get a credit card or a letter telling you why they turned you down. To start it is best to go through your bank with whom you should be establishing a banking relationship with through a Savings or Checking account. Get one that requires you not to carry a balance or you could accrue fees. Secures credit cards are good only if they do not charge you set up fee and annual fees. When you get your credit card do not carry a balance over to the next month and keep your spending to no more than 1/3 of credit line example $100.00 credit line $25.00 spending monthly and payoff monthly. Soon they will increase you line of credit usually within 3-6mos.

with my buying everyday items like gas , shopping , clothes. I want to get like 1 dollar for every point. But i have no credit so wat card can i get ??

If you have no credit, you will have to start with a secured credit card.

Secured credit cards don't offer rewards.

how do you get the money back? does it have hidden fees? which one is better in general?

I don't know which one is better, but I do know that credit cards in general rip you off when it comes to cash back fees and interest rates.

http://www.financialgym.org

I have never had a credit card before and I want one. What are some common things I should watch out for? Are there any offers that look good but actually cost you but don't help in the long term?

How can I build and maintain a perfect credit score?

Remember – a credit card is not free cash; it's only a loan (with very high carrying costs); so, my advice, especially to gain a good credit score is to:

A – only charge what you can ultimately pay by the due date of the statement. This may mean to charge things you now normally pay cash; but make sure you set aside the $$ to pay it
B – PAY OFF your credit card bill in full each month!!! This will avoid you the grief of paying interest, which is typically pretty high
C – do NOT take a cash advance unless you absolutely need to to stay out of trouble; the cash advance fees are pretty high (3% or more)\

To get and keep a great credit score – make sure you pay ALL your bills timely; including utility bills. Do NOT apply for every card/credit offer out there; to much available credit will lower your credit score. Also, applying for a lot of cards and credit offers will create a lot of "hits" (inquiries) to your credit profile which too will lower your credit score.

Good luck!!

I have an Amazon Chase Credit Card. Also, if I am suposed to declare the $150.00 on my taxes, is there any way the government will find out if I don't declare it? Will Amazon or Chase report the $150.00 to the Government?

No, because this is just a return of your own capital. In other words this is a reduction of interest you paid during the year. If this amount exceeds the amount you paid your credit card (highly unlikely) then yes any amount greater is reportable income. The only way the IRS would know is if Chase sent you a 1099 which would mean they send the IRS a similar statement. Good question but I wouldn't worry this is considered a rebate. The IRS has much bigger fish to fry so they also are not concerned about this transaction.

I would go to their website or give them a call. As I understand it they usually credit you on the statement.

I am 20 years old, moved to the US 4 years ago, and just recently received my social security number. I have a savings account at Chase, and a debit card that I hardly ever use. I want to apply for a credit card to start building my credit history. Where should I apply? I heard that if one is denied many times, it harms one's credit history. Should I apply at a store like Macy's or Shoprite or something?

Yes, start with a store card, any major retail chain. If that doesn't work, check with your bank and see if they issue secured credit cards. They put a hold on part of your savings and give you a credit limit up to that amount. Gas cards (issued by the major oil companies) are another option, they have a low limit so they are easier to get.

Once you get a card, you need to use it in order to establish your credit history, but be sure the payments are on time. Credit issuers don't report the fact that you got turned down, but they definitely report inquiries (the fact that they checked your credit because you applied for a card or loan), and too many inquiries will hurt your credit score. So do not apply at a lot of places. Pick a mid-level store like JC Penney and see what happens.

Also, having too many credit cards can be a negative. Once you establish credit you will be inundated with credit card offers. Resist the tempation – keep two or three bank, store and/or gas cards and stick them them.

Do you guys know if that is legit or not? I gave them all my information and what not. Has this happened to anybody?

I can't tell you if it was legit or not because it could be anyone calling you. Just keep in mind that you shouldn't give any information on the phone unless you know for sure it is your bank or someone trustworthy. If you want a college student card, you should look at your options before applying for one that came your way. See student section in the site below and look through all the ones you can get. It's better to apply online and receive a decision instantly.

I am looking for a new credit card and am just wondering if anybodys nows of the best rewards programs availiable. Anybody now of a high % cashback program card.

citi driver's edge options gives 6% on gas, grocery,drug store for first year — after first year it is 3%. The cash can be only redeemed for auto repair/services or buying new car. It also has 1 cent per mile you drive – not a bad deal in this age of high food/gas prices

second one is chase freedom — gives 3%casback in top 3 categories. If you are patient to wait till you accumulate $200–it gives additonal $50 as bonus — equivalent to 3.7%cashback

I've been at a store using my credit card and the strip is a little worn out. I've seen countless clerks grab a plastic bag, hold it over the strip and swipe them together. This always works and seems to be common knowledge. I've always wandered why it works and who first thought of it.

no idea