Ok I ma thinking about getting a credit card. I need to build my credit and it would be nice to have one for emergencies. Who do you have yours through and what is your APR?
If you've never had a credit card before you may have trouble getting one to start with. Here are some options for you: 1. Go local. A local bank that knows you is far more likely to extend you credit. 2. Try a Secured Card. You may have to put down a $500.00 to $1000.00 deposit, but it's worth it. 3. You may want to try a line of credit first. This is where you finance something and then pay it off. Try a furniture store. They are great for giving lines of credit for a couch and letting you pay it off. That's one of the best ways to build credit.Originally Posted by Phenomsmom
Ok I ma thinking about getting a credit card. I need to build my credit and it would be nice to have one for emergencies. Who do you have yours through and what is your APR?
I have a secured card and I only had to pay $75 to get it. It has a $300 limit on it and that is a good amount for me. Mine is with capital one.Originally Posted by lookingglass
If you've never had a credit card before you may have trouble getting one to start with. Here are some options for you: 1. Go local. A local bank that knows you is far more likely to extend you credit. 2. Try a Secured Card. You may have to put down a $500.00 to $1000.00 deposit, but it's worth it. 3. You may want to try a line of credit first. This is where you finance something and then pay it off. Try a furniture store. They are great for giving lines of credit for a couch and letting you pay it off. That's one of the best ways to build credit.
I used to work for a major credit card company, and I handle a lot of credit information with my current job so if you have any questions feel free to PM me.
Keep in mind with a co-signer that you both share responsibility for the card, so if he or she wants to go charge up the limit they can. I've seen people get burned co-signing on credit cards for other people. It can be a huge mess.Originally Posted by lunasmom
If you do have difficulties getting one, the easiest way is to get a co-signer, someone who already has established credit.
It does amaze me though...when you turn 18 you have all sorts of credit card options...but you wait a few years and then you have go through hoops.
That's cool... where I used to work the deposit was so high it wasn't even worth it.Originally Posted by catlover19
I have a secured card and I only had to pay $75 to get it. It has a $300 limit on it and that is a good amount for me. Mine is with capital one.