Archive for the ‘First Credit Card’ Category

How much is a typical limit for a first credit card?

Tuesday, January 20th, 2009

I'm 19 I've been banking and using a debit card for the last 3 years and finally feel like it would be useful to have a credit card for certain situations.
What is the typical spending limit for a first time credit card holder.
Btw I'm not planning on maxing it out by any means but I'm just curious.

credcards.maclenet.com – try this card. As I remember they provide $500 credit line, even for someone who have bad credit

I just got my first full time job and am trying to establish credit. What's the best credit card for me?

Monday, January 19th, 2009

I just started my first job and am trying to establish good credit. What is the best credit card out there for me, what should I be looking for and what kind of card can I get with little credit history?

Capital One has cards for people with limited credit history.
You can use this rewards calculator to see which of numerous cards (including Capital One cards) will pay you the most in rewards for your entered spending profile:
http://www.creditcardtuneup.com/

This recommendation assumes that you'll be paying your balance in full each month (which is the best way to use credit cards). By funneling your normal expenses through the card and paying it in full every month, you'll build your credit quickly, avoid interest, and earn great rewards.

Good luck!

What's a good first credit card to get to start establishing business credit?

Sunday, January 11th, 2009

I recently started an LLC and would like to start establishing my business credit. What are some good first credit cards to get that will help me establish my business credit? Most I've seen want my personal credit as a co-signer for my business, but I would prefer to stay away from that. I mean, what was the point of forming an LLC if my personal credit was going to be taken into account for everything, right?

Just use the credit card for shopping and pay it in time, and your credit score will grow. Here is some most popular credit card offers to establish credit – cardnow.undonet.com

I just maxed out my first credit card, how bad will this effect my credit rating?

Saturday, January 10th, 2009

My limit was $750, and I spent about $735 in the past two months that I have not paid off. I thought I had money coming to me but it never got to me. I'll be able to pay off the card in about 2 weeks so that it's down to about $350, and all the way off in a month. My credit score now is around 681 according to the thing my credit card company sends me in the mail (some program that is said to help build credit. What will it be in about 2 months, once my bill is paid off?

You don't want to pay the card all the way off. Leave at least 30% on there to optimize your credit. One thing you can do is call the credit company and ask for an increase in your credit limit. Chances are that if you have a 650+ they will give you the increase. Going over the limit does hit your credit score quite a bit. I have seen plenty of credit reports with scores under 600 with 0 lates just because the balances are too high.

What would be a good first credit card, given my situation?

Friday, January 9th, 2009

I am 19 years old, a college student, I have a full time job, and so far the only thing on my credit history is 1 year's worth of on-time payments for my vehicle. None late. I'm not interesting in applying for a card because I need it, I am applying because I'd like to add something else to my credit report to show a good payment history as well. Nothing too over-the-top, preferably with a predictable interest rate; that's what I'm looking for. Any advice?

Just use the credit card for shopping and pay it in time, and your credit score will grow. Here is some most popular credit card offers to establish credit – cardnow.undonet.com

How do I cancel my Credit Card off of my World of Warcraft account and do I still get my first month?

Thursday, January 8th, 2009

My mother let me use her credit card, I activated my account to the Full Game instead of the trial. Now that it's activated can I get the card off my account and still hae that 1 month until I go get a came card?

As long as you are still within your first month of service, you can select "Change Subscription" and either leave the information blank, or enter a prepaid gaming card. If you do this within your free month, your Credit Card WILL NOT BE CHARGED. However, you do need to cancel the credit card information on the site, or when the prepaid game card runs out, your credit card WILL be charged.

You will be able to play World of Warcraft as long as you are within your free month, and your account will be accessible and playable until that month is up.

From there, you will need to buy subscription cards ($30 at most gaming stores) that will allot you 2 months of gametime. You enter this information in Account Services the same way you would a credit card (but in a different spot).

You may even get a game subscription card, cancel the credit card charge, and enter the game subscription number to maintain uninterrupted service.

Please understand that you You WILL be charged for the game upgrade, if you did a digital download/online upgrade instead of purchasing discs, but you WILL NOT be charged on the credit card for the game time if you are still within your free month.

If you do not like prepaid game cards, you may also use PayPal or PaymentOne.

What should I look for when applying for a credit card for the first time as a 19 year old college student?

Wednesday, January 7th, 2009

What should I look for when applying for a credit card account? Im mostly going to use it for big time emergencies when im low on cash or something. I dont want it to be high in interest rates and things like that, definitley don't want to be in credit card debt.
oh by the way i live in Michigan… if that matters? lol

visit dave ramsey.com to learn about the snakes u will have sucking ur blood.
no seriously. save up an 'emergency' cash funds for real emergencies not perceived emergencies.
understand most (up to 85% ) of college grads come out with an extra 10-20K$ in credit card debt at up to 32%.
pay cash and save ur future 10000S$.

How to get first credit card?

Tuesday, January 6th, 2009

I have been to all the stores (sears, JC Penny, etc) I have also tried applying with my bank and capital one. I can not get approved anywhere. Please, I want to start building my credit and I am only looking to be approved for a small amount. If anyone knows a good first card, please let me know!!
I am 18. I have a checking account with a debit card. But a debit card doesnt raise your credit. I have already tried stores.

Chase gave me my first credit card outside of my bank.

But then that was after already having my bank credit card and a car payment, so you MAY need to build credit up. But try chase, you'll probably get approved for like 500. (I'm assuming you're 18 with no credit)

How do I go about getting my first credit card, and what are some of best incentives I should look for?

Monday, January 5th, 2009

I'm 25, have good credit anyways from loans, and financing purchases, but haven't hard a card yet.

Get one that makes you pay in full every month (like American Express.) And use it only if you can pay it off every month. Otherwise it is a black hole that will suck your financial house dry. You absolutely must set limits for yourself. People get in $30,000 to $100,000 without even noticing. And don't fall for the transfer for 0% scheme. The first time you are 1 day late the rates go to the maximum (over 25%).When you buy on credit you pay more for what you are buying. Why pay more?
To establish good credit have no more than 2 credit accounts, never ever be late with a payment, and pay off as soon as possible (not the minimum payment–you'll be a slave to it for the rest of your life). If you do that it makes sense to have credit so you have a good credit rating for big purchases like a car or house that you cannot pay in cash. But the less you spend on credit the more you have to spend without all the interest–or better yet, talk to a financial counsellor or just save in an interest free retirement or investment account. No matter what your age.

What is the best credit card for a first time user to credit?

Sunday, January 4th, 2009

Im looking for the best credit card. Im new to credit and never had a credit card before and im 23.

I want a really good credit card that wont get me into troble. I need a credit card so i can pay bills when i move out at the end of Jan.

I want a low interest and a 0% apr for 12 months if possible

Any advice?
OH AND NO ANNUAL FEES

Your apprehension on interest rates already worries me. If you want to build good credit and it is your first time, it isn't about the interest rate really…. it is about you paying it off religiously.

I have one credit card that I got in college. I use it every couple of months and pay it off accordingly.

Credit cards aren't about accruing debt.. their about establishing yourself in order to get a home or car loan eventually.