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How to choose a credit card?
Armando:
Another rule of thumb most people use to not get in "trouble" : use your your credit card to spend money you already have. Unless you really know what you're doing (you're investing at a very high interest rate, a check is coming, etc.), of course.
Laughing Man:
I've talked to my dad about this myself since I've been wondering about it (I figured I'd get one with no annual rate and leave it at home with my parents). My dad told me if your going look for one with rewards (or kickbacks) then make sure they don't give points like my debit card does. Because points can't be spent anywhere (only on what the card dealer deals with). For example my card only lets me redeem my points for items they've listed (such as starbucks).
Try to get one that actually returns cash to you. Because with points, they're worthless till you get enough to redeem them (and if your mindset is you want to redeem them, then your spending more money).
Lashiec:
There are cards that doesn't cost you a cent until you're 25, at least mine is one of those. So better ask for options at the bank.
Josh:
If you are a student and find getting approved for a credit card to be hard, I suggest trying Citibank. They offer several cards for students which make it easy for students to build their credit. They are not VISA, but they do help and offer some attractive extras.
tinyvillager:
What i've experienced too,was if your a day late, your interest rate will jump like a kangaroo.
What i would really suggest,when you say you want a credit card,just get one credit card
cause they are so deliciously evil.There is nothing easier than spending money you don't really have.
When filling out an application my advice would be to ask for a conservative limit like $1500.I don't
know your self-discipline but if you have 3000-5000 dollar limit it seems like it's oh so easy to justify
maxing it out.
Be careful.They're evil i tell ya! :D
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