MannyS
Contributing Member
Cash: $ 7.30
Posts: 34
Joined: 23 Jan 2006
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not like that, sicko! 
Anyways, a month from now I shall turn that age when secret agents can start snapping photos and start bugging your cellphones...yup that's right.
I'm turning 18, bishes.
That means I get my hands on those awesomely, blissful things we refer to as CREDIT CARDS! I also hear they ruin lives...?
So I''ve been told to get a "secure" credit card. I can't remember back to consumer ed., so I was hoping some of you could help me. College is, of course, right around the corner. What I do remember from consumer ed. is to not get a credit card from visitng companies at your college.
I've done some google searches and every website I come to is flashing with banners and it seems as if it won't work out.
I also will have my mother co-signing with me to increase my spending limit. Not that I'll spend what I don't have, but just for the sheer purpose I suppose.
And the help. 
So a secure credit card? Help me on this one.
I'm more then confident I'll be able to pay it off by the end of the month. I have a very stable job at my age and I've been put into training programs for the next program. So I think that's fine.
Annual fees are something that are slowly dying out. Getting a credit card with annual fees is a no-no for myself, and I am aware of that.
So what else is left in the equation? Percentage doesn't worry me as I said. I will pay off my debts at the end of the month. Most likely the credit card will only apply when I need to get some food or something similar.
I'm living at home as I go to college (UIC), so that will keep costs down.
Any recommendations? Should I go through a bank or the credit card company itself?
MC? Visa? AMEX? Discover? I know MC and VISA are accepted everywhere.
1 card? 2 cards?
HELP~!
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Mon Oct 16, 2006 3:28 am |
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MannyS
Contributing Member
Cash: $ 7.30
Posts: 34
Joined: 23 Jan 2006
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quote:
Originally posted by coaster
Manny - what you're asked about is called a secured credit card. This means that you deposit money up front to "secure" the account. Basically, when you charge something on the card, you're borrowing your own money back. This allows you to build a credit history without the credit card company incurring much risk. Once you've got a good credit history, then you can get a regular credit card.
Here's a couple articles of info on secured cards:
http://www.bankrate.com/brm/news/cc/19990823.asp
http://www.ftc.gov/bcp/conline/pubs/credit/secured.htm
Thanks mate.
Can't believew I didn't look at bankrate. I usually go their for investments opps, but thanks a lot again.
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Fri Oct 20, 2006 2:37 am |
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