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
I want to get a Credit Card to improve my credit. I make about 14,000 a year, I'm a student. What are the things i should consider and realize? I know you need to pay your balance off eventually but it's always better to pay it off every month, thats what i plan on doing. What card would you recommend, and how should I get it?
1st thing you should look for is one without an annual fee. It's been many years since my 1st card, but I still have Capital One and have been very pleased with them. Discover as well.
I am trying to get a credit card to start establishing credit. I am a college student. What is the best way to try to get one? Or what provider is the best like Mastercard or Visa, etc. I'm having a hard time getting one and co-signing is not an option for me at this point.
OK so i had no credit and i obtained 2 credit cards within the first 2 months of turning 18 (a few months ago).. i applied for a citibank mastercard platinum select card (citicards.com) and a chase visa student card (chase.com).. For the chase card, i got a 500 limit and for citibank i got 1000 credit line. I was surprised myself because I didnt have credit.. I didn't have a cosigner either…..So Good luck!!
I'm graduating this fall from college and I really want to get out of as much bad debt as I possibly can. I anticipate earning approximately $10000 at my summer job and I'm unsure of which debt to pay off. Should I completely pay off the credit card first, the hospital bills first, or a combination of both. Thanks for the help.
Pay off the higher interest debt first, but still making the minimum payments on the rest. By doing this you will establish a good credit rating, or at least improve a bad one.
Hello there, I have a question regarding managing my credit score. Here's the deal. Last time I checked my score was something of 615, I checked it to get a loan which I got it. The score I got was because of the fact that I was almost maxing out my credit card limit. I have 3 cc, I recently totally paid off the one with about $3500 which was not reported to the scoring bureau yet, but I still have about $3500 on the other 2. Other 2 comes with no interest/no payment option until sometime in future. I have been thinking of buying a new TV set, which would cost about $2500, but I am seriously thinking about paying off credit cards first and buy the TV with saved money, not with credit card. Since I will not be checking back my score any time soon, for a loan, etc, I was thinking of buying TV with recently paid off cc then pay off the balance on all 3. In time, I will bring down the balance to below 25% of my limit, thus increase my score, but what do you think I should do now?
Pay off all your credit cards first before you buy anything else on them. Credit cards are to be paid off in full after you purchase the product. Only use credit cards for major purchases and when you get the bill – PAY IN FULL!
Don't let the credit card ruin your financial future. Do you really need that $2500 TV right now? The answer is NO, get your debt down to zero first.
Good luck!
I already receive 3 credit investigation. One at my mobile, on our land phone and last in my office.. Does it mean I'm already approved? I'l just wait for the arrival of my credit card?
It depends on the card and the bank issuing it. Most are totally automated and you'll be approved or declined in seconds. Others still wait on people to manually check the applications, or your application will be sent to them for review if the computer sees a "red flag" like the social security number coming up under a different name, a bad credit history, or a bunch of applications from the same address. If someone has to look at it, it can take up to a week to be approved. Once you're approved, it usually takes 7-10 days to recieve your new card.
Ive found one, its got 19.3% apr and no annual fee… Does this sound right for a first credit card? I have absolutley no credit and just need to build it up really…
That is very high. If it's the best you can do for a first card, pay it off every month or the interest will bury you. Once you've had the card a few months, call and ask them for a better rate.
I’m looking to get a great credit card with low interest. I’ve never had a credit card before, but it’s good to have at least one so anybody have any advice?
Credit is very tight right now. I will be very difficult to get any credit with bad, or no credit history. If you want one just to have one, for convenience, or to repair or establish credit, try a secured credit card. Whatever amount you deposit is what the credit card is worth. Nobody can tell the difference, and it will establish credit history. After a period of time, the bank will usually offer to buy the card, and give it to you as a regular type credit card.
My daughter just turned 18 and is interested in getting a credit card. Which company is the best for someone who has no credit card history. With the recent credit crunch, it appears that more and more credit card companies and banks are getting tougher with applications.
No such thing.
All credit cards can raise your interest rate for any reason.
All credit cards have outrageous late and over the limit fees.
All credit cards, along with the Fico score was designed to get people into debt and keep them in debt.
If you pay as you go.
If you live on less money than you make.
You will have money and not have to worship the fico.
Goto http://www.daveramsey.com and listen to his radio show. He has lots of great advice on money and debt. It doesn't cost a dime ot listen.
He only makes a little income. Can he get a credit card that will allow him to earn miles?
The best solution is None, until he graduates and starts making enough to pay the nasty thing off every month. It's SO easy to get into debt with credit cards!!! And it's Horrible to try to climb back out.
If Mom and Dad are into helping him, they might do a reloadable credit card and let him use it like a debit card. Once the balance is gone, it's gone, though.
Have him try this: Make out a monthly budget. Go ahead and put in a certain amount for credit cards, and allow for some "toys" or whatever in a separate part of the budget. Figure the average amount he'd be paying a credit card company every month. Look around and find a credit union close by. Credit unions offer savings accounts to members with an average of $5 to keep it open. Take the amount he'd be spending on credit cards and deposit that into the savings account every month, and watch how fast it grows. Use the budgeted "toys" amount for his "whatevers."
Then if he wants to spend money from his savings, he can. But if he's smart, he'll let it build and then every so often transfer a thousand into a short-term CD. If you watch the rates, the short-terms are just about the same APR as the long-term. He can time it just so, and they'll mature in time to pay on tuition and books for whatever semester is starting.
Also, he'll develop good credit with them, and credit unions are great places to finance homes, cars, and so on.
I give this advice to all my young clients: "You gotta feed your wallet. If you feed your wallet, it'll feed you."