-1 star for the dude having an annoying TV reporter voice
God DAMN. I'm 27 and have never had a credit card. I figure I'll need to get one eventually if I want to buy a house or something, but for now I'm content to just make all the payments on my student loans and use my debit card for all my purchases.
|Unmerciful Crushing Force |
Okay, I'll admit. I went over my credit limit twice and just got out of being fucked up the ass with interest.
I'm deathly scared to see my credit score.
Unmerciful Crushing Force
Now I just need to research how credit actually works so I don't sound so retarded next time around.
I got one like this from Orchard Bank years ago and forever regretted it. I still examine every credit card offer I get with a fine toothed comb before applying. I guess sometimes you really do have to learn the hard way.
Somebody get Casey Serin on the phone! He's looking for more credit right now -- this would be just the ticket.
Haha, poor people are stupid. That's why they're poor.
Some countries don't even have credit cards. People manage to live just fine there.
|Testicles of Doom |
Wow, this card is just a little bit worse than any card you get with Capital One.
I signed up for a card with Citibank to get a free t shirt but never activated it after I got it. It sat for 4 years while I got statements for $0 every month. When applying for my first real card, the lady on the phone was amazed at my great credit score since I had little history. I got a $1500 limit card and set it to auto pay all of my bills, and set it to be automatically paid by my debit card. I also used it for groceries and clothes and other minor purchases. My credit score is around 805 and I got a great car loan because of it (paid it off anyway). I just kind of fell into this pattern but apparently it satisfies a lot of good credit criteria while taking next to no effort on my part.
I'd suggest something like that to someone going into college who isn't planning on getting a credit card... get one and let it sit for 4 years and it seems to help your rating.
Not carrying a balance month to month is HUGE for your credit rating, even if you never buy anything to begin with. I have had one or two cards, no annual fees or costs accociated with them, that I activated and then immediately ran through the shredder. The cards contribute to your overall credit limit and score by not ever having a balance on them. The other card I have I just treat as a debit card and never put more on it than I can pay off that month. I've tripled my credit limit in 3 years by never carrying a balance.
I know extremely little about the whole credit market, but isn't putting $300 down for a $300 limit just called a debit card?
I've got one credit card: a Chase Freedom card. I use it for everything -- bills included -- and I pay it off twice a month. My finance charges are slim to none and they give me cash back on everything I buy (1%-3%). My credit score rules.
It's amazing how many people fall for shit like this, but it becomes slightly less amazing when you remember that everyone is an idiot.
|The Mothership |
Evil, this shit is.
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