Credit card recommendations?

[OptionZero]

Does anyone have any recommendations on credit cards? Specifically, one for a young college student simply trying to build up his credit rating?

my parents have suggested Golden One Student Visa card, no annual fees, low APR, and my family has an account already.

Any other ideas?

thanks!

[f2a4s0t]

credit cards are debt traps unless you pay your bill off every month. If you pay the minimum you will get screwed. Just something to remember.

[s13driver]

i suggest get the one with the lowest credit limit the better. i mean it is low enought so you can pay off by the end of the month.

[OptionZero]

yeah, for sure, i won't be using it that much. If i buy anything, i'll pay it all off, the minimum leads to interest more than the original amount !(horror stories)

[STIwish]

Capital One Platinum was my first real credit card... $500 balance to start with... it worked for me. Easy way to build credit... charge gum or whatever on the card.. pay more than your minimum every month and just let it go, ur credit will build up in no time if you make that payment.

[OptionZero]

If I'm gonna be paying all or most of the debt each much (not minimum), then APR and crap doesn't mean much, right? Can't charge me interest if i keep little or no outstanding payments...

[!Zar!]

http://www.slashfilm.com/wp/wp-content/images/bttfbonusdvd.jpg

With that said.

What is new in regards to this subject?

I have a few credit cards right now. But I'd like to get something a little more serious in terms of limits and hopefully lower interest rates; as we all do.

What's suggestions like seven years after the original post?

[240XTC]

................Cash only

[!Zar!]

................Cash only

And how does that have ANYTHING to do with the original post or mine?

Please elaborate.

[Phlip]

And how does that have ANYTHING to do with the original post or mine?

Please elaborate.

Mel, please don't address idiots, it gives them reason to think people like them...

To answer your question, though.
If your credit is decent and your money is right, find a local credit union and see what kind of a rate they can offer you for a card and balance transfer.

[InlineS13]

In regards to the OP: It's VERY hard to get a credit card now if you're young with little credit. Also, most credit card companies do not allow people to co-sign to get a card anymore.

Anyone have experience with Capitol One?

[I LUV MY S13]

i have capital one, got it when i was 18...no fees, apr of 12.5% when i started, started at 500 limit

i now have 10% apr and 2000 limit...love them

[!Zar!]

So far I'm looking at a CHASE blueprint card, or Amex Sky Blue.

Trying to get my bankruptcy on. SUP

[ALTRNTV]

Capital One is a good card to start with. Try finding one with rewards as well, such as mileage points and/or rebates.

Credit card companies are the devil though. I got into deep trouble using them when I was younger and I'm still
paying for it now, with defaulted accounts and payments. Ah, to be young...

[lflkajfj12123]

NO, do not get capital one! they report your credit usage but not your credit limit like amex which totally fucks up your credit score.

Two good student cards to get are USbank and Discover. However I recommend trying to apply for a normal card first for example that one credit card that chase bank offers (forget the name).

[ZilviaKid]

good thread.

i need to start building this shit also if i want a house with a pool

[revat619]

Seconded on staying the FUCK away from Capital One! I've caught them numerous times in doing shady shit with my account. In my fits of rage, I've probably had at least 3 of their sales people near tears on the phone. Not even joking. I'm paying my balance off and cutting that card up. I DESPISE that company.

STEER CLEAR.


I'd recommend getting one through Chase.

[ALTRNTV]

I've had Capital One for over 5 years now with no problems. I'm a lucky one I guess.

[enkei2k]

i've used the same credit card since 2004, https://www.citicards.com/cards/wv/home.do, personally i like em cuz they don't have a fee and you can custom which type of card you like such as cash back, low interest, etc...so far so good. i personally still have the college student credit card https://www.citicards.com/cards/wv/filter1Search.do?constituent=COLLEGE&attrs=CC_CASH_BACK&attrs=CC_NO_FEE&x=58&y=16

for limit, they are OK, i started out with a 1500 limit and now i'm up to 8k limit. i didn't mind because i only used it for school textbooks and emergencies back then.

[TurboSE]

I wish I could be one of the guys that says "cash only"...unfortunately, I'm not. However, I can say that none of my credit card debt is car parts. I know way too many old muscle car guys that finished their dream street rod only to sell it for $20k to pay off.....$20k in credit card bills...usually a Summit card is on that list. I kinda mangled my credit in my late teens, early 20's and it's hard to repair. I carry three credit cards, my interest rates aren't the best, but I get them lowered every year or so by making payments on time and paying them off frequently.

My two Capitol One cards, have the lowest interest rates, but also the lowest limits. I use them for day to day shit...gas, dinner with my girl...stuff like that, but as soon as I use them...I transfer what I spent on them (plus a few bucks usually) from my checking account to my savings account...at the end of the month, that money is there, made me a little interest and it pays what I spent for the last 30 days. It helps my credit a bit, stops me from carrying cash and best of all, limits me to how much I spend on "bullshit", because I look at my savings everyday and I can tell if I'm living too large.

My third card, a Bank Of America card, huge limit...bad rate...lots of perks. This is my "emergency card"....relative gets sick and I need plane tickets, it's there. Durango drops it's tranny on the ground, it's there. (Totally against my principle's, I know) I find a Tomei oil pump under $1300, it's there.

I'm not a credit whiz by any means, but the little advice I can give is:

No annual fees.
-Don't take cash advances (interest rate is through the roof).
-Avoid store cards (Sears, Lowe's, etc. I know this isn't what you're looking for, but I'm throwing it in....because their rates suck).
-Be smart with your credit (my credit record has hurt me more than my criminal record...in a lot of areas).
-Don't take your card to bars, parties, or car shows/races/swap meets.
-Don't think of "1 year, interest free" as "1 year no payments"...miss one and they'll hammer you.

I know this wasn't exactly what you wanted, but it's what I have to offer. If I had recommend...I'd say Capitol One.

[ManoNegra]

Seconded on staying the FUCK away from Capital One! I've caught them numerous times in doing shady shit with my account. In my fits of rage, I've probably had at least 3 of their sales people near tears on the phone. Not even joking. I'm paying my balance off and cutting that card up. I DESPISE that company.

STEER CLEAR.


I'd recommend getting one through Chase.

That's pretty much how I feel about Chase
I hate them
I used to have a card with Wamu which I liked
decent rates, no annual fee, could pay through online banking, could see my credit score
then Chase took over, worse terms, no credit score
As soon as the few hundred bucks on it are paid it's getting cut up

other card is my ATM/Visa checkcard
it's all I need

[Aoshi112]

Join a local credit union if you can. When I went to UCI, I was able to join OCTFCU (now renamed Schools First) and they gave me the best rate with the highest limit of all my credit cards. Hopefully you can find a local credit union here to help you out.

[inertiadrft]

Capital One, I started with $500 credit limit about 5 or 6 years ago, just using it to buy car parts online and clothing here and there. Best credit building card EVER!
Back then I tried getting credit at lowes, macys, wherever! But no luck.
One application for a Capital one card + 6 years later, my Cap one limit is up to 5gs, plus a bunch of other cards some with up to 20gs, and just purchased my first home on my own credit about 10 months ago...
Btw, to this day, I still turn down credit offers from banks, department stores, lowes etc etc that denied me credit when I was trying to get credit. Cap one is still my main card..
All in All, just make sure you always pay more than the minimum.. Make sure you PAY!

[lflkajfj12123]

NO! It's not. Read my post above. They fuck up your credit score, not help it.

[TheWolf]

I actually got into an argument with a chase manager. She then filed a complaint with the local sherrifs office stated I was "emotionally unstable" and they came to my house and my wifes work. Once I told them I was arguing with them about a payment. They turned and left said it's definitely not the first time they've done that and it's one of their "harassment" techniques.

Captial One is on my shitlist as well.


I'm part of the cash only clan. Interest is just protection money for some invisible score that the banks created to keep you on the hook paying ridiculous fees and interest. Really the only time you have to play that game is buying a house. Now your score is determined by lines of credit's length. Having a card for a year or two may improve it but they want you to have a card or two for 5-10 years. And no blemishes and that's what's going to get you into the 740-760 range. I've played the credit game. The low interest no fee credit card/high score is this giant mess of upkeep. You can jump through all these hoops to "maintain your score" or just by going cash you begin to not care about what some bank thinks about you.

[Ceepo]

http://hersandhers.files.wordpress.com/2009/09/daveramsey.jpg

I reccommend you read this book before getting a credit card, this book/guy have changed my finacial life completely, Dave Ramsey is an awesome guy and knows his shit...

[implayaz9]

I've had Capital One for over 5 years now with no problems. I'm a lucky one I guess.
me too and have no complaints.. I have other cards like citi etc.. and man the fees are getting crazy since the beginning of the year and random charges having been popping up.. canceled all the cards except capital one..

to be honest how bad things are getting, I wont doubt I will start using cash as these companies seem to charge interest even though u payoff ur balance and other ways to screw u.. a lot of my friend have cancelled all theirs and all using cash or debit.. keep track of ur spending and less chance to get into debt as well as less chance to waist money on stupid stuff I suppose..

[KiLLeR2001]

Like others have said, don't let the minimum payment fool you. My minimum payment is $15 but I usually pay around $200.

[BustedS13]

don't really understand why everybody needs a credit card. you don't need one to build credit.
i own a house and three cars. i have no credit cards.

[!Zar!]

This is for the Chase Freedom card. Seems cool enough?
http://get.yourchasefreedom.com/1030001/Default.aspx?CELL=62XP
Pricing & Terms

Please take a moment to carefully review the Pricing & Terms below.
Pricing Information

Interest Rates and Interest Charges

Annual Percentage Rate (APR) for Purchases

0% Intro APR for the first 6 billing cycles that your Account is open for Elite and Premium Pricing.

After that, 12.99% for Elite Pricing or 17.99% for Premium Pricing. 22.99% from account opening for Standard Pricing. Your APRs will be based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a

APR for Balance Transfers

0% Intro APR for balance transfers made with your initial response to this offer for the first 12 billing cycles following the opening of your account.

After that, and for all other balance transfers, 12.99% for Elite Pricing, 17.99% for Premium Pricing, or 22.99% for Standard Pricing. Your APRs will be based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a

APR for Cash Advances

19.24% for Elite and Premium Pricing or 23.24% for Standard Pricing. Your APRs will be based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.b

APR for Overdraft Advances

19.24% for Elite and Premium Pricing or 23.24% for Standard Pricing (not available in some states). Your APRs will be based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.b

Penalty APR and When It Applies

29.99%. This APR will vary with the market based on the Prime Rate.c

The Penalty APR will apply to your Account if you:

fail to make any Minimum Payment by the date and time due (late payment);
exceed your credit line;
make a payment to us that is returned unpaid; or
do any of the above on another account or loan you have with us or any of our related companies.
How Long Will the Penalty APR Apply: If an APR is increased for any of these reasons, the Penalty APR will apply indefinitely to future transactions. If we do not receive any Minimum Payment within 60 days of the date and time due, the Penalty APR will apply to all outstanding balances and future transactions on your Account; but if we receive six consecutive Minimum Payments when due, beginning immediately after the increase, the Penalty APR will stop being applied to transactions that occurred prior to or within 14 days after we provided you notice about the APR increase.

How to Avoid Paying Interest on Purchases

Your due date will be a minimum of 21 days after the close of each billing cycle. We will not charge you periodic interest on any portion of new purchases billed to a statement that we allocate such payment to, so long as your current statement shows that we received payment of the entire balance for your previous statement by the time the Minimum Payment was due. You may not be able to avoid interest on new purchases if you have another balance at a higher interest rate, unless you pay your balance in full each month, because we generally allocate payments to higher rate balances first. We will begin charging interest on balance transfers, cash advances, and overdraft advances on the transaction date.

Minimum Interest Charge

If you are charged periodic interest, the charge will be no less than $1.50.

For Credit Card Tips from the Federal Reserve Board

To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at FRB: Consumer Information: Credit Cards (http://www.federalreserve.gov/creditcard).

Fees

Annual Membership Fee

None

Transaction fees

Balance Transfers

Either $10.00 or 5% of the amount of each transfer, whichever is greater.

Cash Advances

Either $10.00 or 5% of the amount of each transaction, whichever is greater.

Foreign Transactions

3% of each transaction in U.S. dollars.

Penalty Fees

Late Payment

$15.00 if the balance is less than $100.00; $29.00 if the balance is $100.00 or more, but less than $250.00; and $39.00 if the balance is $250.00 or more.

Over-the-Credit-Limit

$39.00

Return Payment

$39.00

Return Check

$39.00

Loss of Intro APR: We will end your introductory APR if any required Minimum Payment is 60 days late.

How We Will Calculate Your Balance: We use the daily balance method (including new transactions).

Prime Rate: Variable APRs are based on the 3.25% Prime Rate as of 12/22/2008.

aWe add 9.74%, 14.74%, or 19.74% to the Prime Rate to determine the Purchase/Balance Transfer APR.

bWe add 15.99% or 19.99% to the Prime Rate to determine the Cash/Overdraft Advance APR.

cWe add 26.99% to the Prime Rate to determine the Penalty APR. Maximum APR 29.99%.

TERMS & CONDITIONS

Authorization: When you respond to this credit card offer from Chase Bank USA, N.A. ("Chase", "we", or "us"), you agree to the following:

You authorize us to obtain credit bureau reports in connection with your request for an account. If an account is opened, we may obtain credit bureau reports in connection with extensions of credit or the review or collection of your account. If you ask, we will tell you the name and address of each credit bureau from which we obtained a report about you.

If an account is opened, you will receive a Cardmember Agreement with your card(s). By using the account or any card, authorizing their use, or making any payment on the account, you agree to the terms of the Cardmember Agreement.

Rates, fees, and terms may change: We have the right to change the account terms (including the APRs) in accordance with your Cardmember Agreement.

[I LUV MY S13]

Damn you guys probably just have bad luck with capital one, i have 4 credit cards and they're my fav...excellent customer service and ive never had issues with them, had an unauthorized transaction once, they refubded the amount to me and sent me a new card no questions asked

don't really understand why everybody needs a credit card. you don't need one to build credit.
i own a house and three cars. i have no credit cards.


well you had one before right? its the easiest and simplest way to build your credit..sure you may have a house and all but how are the interest rates compared to others?

[BustedS13]

my interest rate is through the floor. i briefly had a Citi credit card, but got rid of it after a couple months of "what the fuck was i thinking" spending. debit only now, and my credit was built on car loans.

[lflkajfj12123]

Damn you guys probably just have bad luck with capital one, i have 4 credit cards and they're my fav...excellent customer service and ive never had issues with them, had an unauthorized transaction once, they refubded the amount to me and sent me a new card no questions asked




well you had one before right? its the easiest and simplest way to build your credit..sure you may have a house and all but how are the interest rates compared to others?

you're not getting it. regardless if any one has had any problems with them, they do shady shit behind your back that you don't know about. i.e. reporting false credit information that fucks with your score.

[inertiadrft]

well yea, If you don't pay, or you pay late or minimum, your credit score will look like shit!
And yes, car loans always do the trick to make your credit look good, but again,
YOU NEED TO PAY LIKE YOU ARE SUPOSE TO!!!!

[I LUV MY S13]

my interest rate is through the floor. i briefly had a Citi credit card, but got rid of it after a couple months of "what the fuck was i thinking" spending. debit only now, and my credit was built on car loans.

well see maybe you dont have a long enough history to have gotten something good...and yeah spending can easily get out of hand...like i said before i got 4 cards, put myself in some pretty hefty debt, but nothing out of control...im easily able to make more than then min payment every month, but when you think about ima lose quite a bit in those interest..

you're not getting it. regardless if any one has had any problems with them, they do shady shit behind your back that you don't know about. i.e. reporting false credit information that fucks with your score.

ahh i see, well idk what to tell you ive never had an issue like that before..im enrolled in this credit report thing through my bank and every 3months they send me a report of my entire credit..so far i have nothing negative and a score of a little over 700, its really good i recommend it to everyone who cares and wants to keep track of their shit..tells you everything thats affecting your score in a posotive or negative way

[drift freaq]

don't really understand why everybody needs a credit card. you don't need one to build credit.
i own a house and three cars. i have no credit cards.

All of the above is true. Except that if you decide to fly to another city or even decide you need to rent a car? You will need a credit card. It used to be that car rental places would take debit cards. Now most refuse debit cards regardless of the Visa or Mastercard logo.

There are other things where credit cards help, like Hotel reservations, Airline reservations etc... Unfortunately in today's world having a credit card is actually an almost needed thing.

The thing about credit cards is having the restraint and maturity with it. Just because you have plastic and can charge does not mean you should. In other words fiscal responsibility is key. Don't spend beyond your ability to pay off.

Busted you know its the same thing with house payments.

The country would be in much better shape if people had shown some of this in the last 15 years. Everybody got the idea that low interest rates, no interest rates, easy terms and what not meant they could go hog wild.

[I LUV MY S13]

All is very true^^^

you gotta remember its technically not your money

[ryguy]

Get an American Express Blue Card. I've had one since I was 18, and it is definitely the most hassle free of my credit cards, hands down. Good rewards, GREAT terms, American Express has absolutely no bullshit. I have a Visa card that sucks for when I run into the rare place that still doesn't take amex, but I cannot express enough how awesome and helpful Amex has been, compared to my other cards.

[BustedS13]

All of the above is true. Except that if you decide to fly to another city or even decide you need to rent a car? You will need a credit card. It used to be that car rental places would take debit cards. Now most refuse debit cards regardless of the Visa or Mastercard logo.

There are other things where credit cards help, like Hotel reservations, Airline reservations etc... Unfortunately in today's world having a credit card is actually an almost needed thing.

The thing about credit cards is having the restraint and maturity with it. Just because you have plastic and can charge does not mean you should. In other words fiscal responsibility is key. Don't spend beyond your ability to pay off.

Busted you know its the same thing with house payments.

The country would be in much better shape if people had shown some of this in the last 15 years. Everybody got the idea that low interest rates, no interest rates, easy terms and what not meant they could go hog wild.

i make house payments, utility payments, plane flights, hotel reservations, and order pizza with a debit card. you do not need a credit card for any of those things.

[lflkajfj12123]

but can you pay for a prostitute with said debit card?

[BustedS13]

but can you pay for a prostitute with said debit card?

only if i get them on pay day :d

[zspeedrft]

dont get any!!!!!!!!!!!!!!!!!!

[coww-cho!!!!!]

My first credit card was one from Express fashion. my gf helped me out. she liked to shop there so she would give me cash on hand and use my card to purchase her dresses and such

and then i got wamu after which turned into shit.....


That's pretty much how I feel about Chase
I hate them
I used to have a card with Wamu which I liked
decent rates, no annual fee, could pay through online banking, could see my credit score
then Chase took over, worse terms, no credit score
As soon as the few hundred bucks on it are paid it's getting cut up

other card is my ATM/Visa checkcard
it's all I need

i hate the fact that chase took over. my apr shot up after a few hundred dollar purchases for school.

http://www.mainlybooks.co.nz/-img-0979825849.jpg

^^^^^^
my gf and i read some of this book that we got for free. my gf needed it more than i since she was at 8k in debt but she followed the steps and her debt was cut down to 4k she just had to pay i think $200 before a certain deadline

[I LUV MY S13]

wtf let me borrow that book foo im 5k in the hole haha

[coww-cho!!!!!]

im 6k in hahaha my gf has it somewhere though i believe she has like 3 or more copies. it basically shows you how to get free money to pay off your debt using strategies that not many people know of.

oh one major thing. don't ever cancel/ drop a credit card it'll make your credit worsen: instead cut up your card like others had done to avoid spending. you can request a new card if you decide to go back.

[I LUV MY S13]

shit well get me one haha

[blitzsti22]

I got Amex and its great get 3% back on gas 2% on food and 1% on everything else. I pay it off every month of course.

[TheWolf]

I got Amex and its great get 3% back on gas 2% on food and 1% on everything else. I pay it off every month of course.

I love this statement. Your merchant charges you more so you can "get it back".
When will people understand nothing is "free".

As to drift freq. You can rent a car with cash or make a hotel reservation without a credit card. The noob desk clerk may not know how to put it into the computer but if you explain to them that you don't use credit cards and will pay cash then they will 99% of the time take your money as long as you don't look sketchy.

[drift freaq]

i make house payments, utility payments, plane flights, hotel reservations, and order pizza with a debit card. you do not need a credit card for any of those things.




Ya and try doing a car rental. LOL trust me I am not trying to put you down. I have lots of experience with car rentals due to the amount of traveling I do.
Oh and there really is nothing wrong with having a credit card if you can be responsible with it. I think you have already shown that as well.

stop and take the compliment while its there.


I love this statement. Your merchant charges you more so you can "get it back".
When will people understand nothing is "free".

As to drift freq. You can rent a car with cash or make a hotel reservation without a credit card. The noob desk clerk may not know how to put it into the computer but if you explain to them that you don't use credit cards and will pay cash then they will 99% of the time take your money as long as you don't look sketchy.

Maybe in Florida but not California or Chicago. Hotel reservations are more likely to be doable in cash, but Car Rentals? LOL Forgot it.

Oh and it has nothing to do with sketchy looking, lol . You should watch making that statement as well as it implies things you have no knowledge of. LOL

[!Zar!]

Interesting stuff. Lets refrain from all the talk about not needing/having/wanting a credit card. I am fully able to restrain myself as well as make payments. I am looking to open another card. I was pretty set on a Chase Freedom card, but maybe one from American Express might work out? I know they aren't accepted everywhere, but I have other means to pay for things if/when that comes up; if I go that route.

[BustedS13]

Ya and try doing a car rental. LOL trust me I am not trying to put you down. I have lots of experience with car rentals due to the amount of traveling I do.
Oh and there really is nothing wrong with having a credit card if you can be responsible with it. I think you have already shown that as well.

stop and take the compliment while its there.




Maybe in Florida but not California or Chicago. Hotel reservations are more likely to be doable in cash, but Car Rentals? LOL Forgot it.


I didn't know this was getting personal.
I have rented more than one car in my lifetime using a debit card. Enterprise. They'll pick you up. In San Francisco. Without credit.
Also U-Haul.

[Siphter]

easiest way to get your credit up is to have the cash for a car on hand but take out a loan for it anyway, then you buy the car outright and just pay a percentage of the loaned money back to the bank every month ... chase is fine though for starting out, just keep on the ball with your payments

[BustedS13]

easiest way to get your credit up is to have the cash for a car on hand but take out a loan for it anyway, then you buy the car outright and just pay a percentage of the loaned money back to the bank every month ... chase is fine though for starting out, just keep on the ball with your payments

do you guys not have parents? you're needlessly wasting money by getting a loan for a car you can afford to buy outright.
when you actually need to use your credit for something that first time, you can get a cosign. it's not a big deal, unless you're buying something retarded that your parents won't agree with, like taking out a personal loan for some "hella flush" wheels for your 20 year old grocery getter.
you don't need to throw away money to build credit. but i guess you guys do things differently "out west".

[!Zar!]

Can you fuck off.

NOTHING in the op's post, nor my post ask or give a damn about why one shouldn't get a credit card.

This thread is in regards to a suggestion for a card, not reasons for why one should pay cash.

As for purchasing a car, I've already been there and done that.

[R_G]

go to credit unions and never sign up for a credit card in the spot. always ask them to see the fine print . Take it home and read it 3 times. Look for the lowest apr and late fee.
Remember this cards wont give you alot of credit at first. Don't let them run your credit , even if they say oh but thats the only way we can find out what apr we can give you.
Tell them you have alot of money and you want to try out there services and want too see how well they do, before you bring all your money in with them.

Oh don't trust any banker. happy hunting

[drift freaq]

do you guys not have parents? you're needlessly wasting money by getting a loan for a car you can afford to buy outright.
when you actually need to use your credit for something that first time, you can get a cosign. it's not a big deal, unless you're buying something retarded that your parents won't agree with, like taking out a personal loan for some "hella flush" wheels for your 20 year old grocery getter.
you don't need to throw away money to build credit. but i guess you guys do things differently "out west".

You know what? you are fucking idiot. You get a compliment and you can't even take it and keep your stupid fucking moronic mouth shut.

You probably did the Enterprise rental several years ago when they still took debit cards. As far as I know they do not anymore.

Next off Mr I think I am so smart about money. You realize that by building credit by purchasing cars your throwing your cash down the toilet. Cars depreciate, you never get that back and you pay interest on top that you never get back.

I can build credit with a credit card and not lose a dime. If I pay off the card on a monthly basis before the due date no APR is charged and I only pay for what I purchased. No money lost unlike your oh so great car buying to build credit.

Finally the thread is about recommendations about credit cards not how one can live without one.

Now take your hick ass I live Missouri the fuck out of this thread and shut the fuck up for once.

Yes it did get personal because you insisted on making it personal.

Oh and I might be a little annoyed but if you think I am mad well then it proves beyond a question of doubt your ignorance.

[BustedS13]

You know what? you are fucking idiot. You get a compliment and you can't even take it and keep your stupid fucking moronic mouth shut.

You probably did the Enterprise rental several years ago when they still took debit cards. As far as I know they do not anymore.

Next off Mr I think I am so smart about money. You realize that by building credit by purchasing cars your throwing your cash down the toilet. Cars depreciate.

I can build credit with a credit card and not lose a dime. If I pay off the card on a monthly basis before the due date no APR is charged and I only pay for what I purchased. No money lost unlike your oh so great car buying to building credit.

Finally the thread is about recommendations about credit cards not how one can live without one.

Now take your hick ass I live Missouri the fuck out of this thread and shut the fuck up for once.

Yes it did get personal because you insisted on making it personal.

did i make it personal because you were wrong? i haven't directly attacked you in any way.
anyway. i've made my point, and you've lost your temper, so we're par for the course, aren't we.

[drift freaq]

do you guys not have parents? you're needlessly wasting money by getting a loan for a car you can afford to buy outright.
when you actually need to use your credit for something that first time, you can get a cosign. it's not a big deal, unless you're buying something retarded that your parents won't agree with, like taking out a personal loan for some "hella flush" wheels for your 20 year old grocery getter.
you don't need to throw away money to build credit. but i guess you guys do things differently "out west".

did i make it personal because you were wrong? i haven't directly attacked you in any way.
anyway. i've made my point, and you've lost your temper, so we're par for the course, aren't we.

Ah I did not lose my temper I already stated that. I also stated that you are a moron. You have made personal attacks on people and California so many times I can't count them anymore.

For you to act holier than thou is ludicrous. You're an asshat plain and simple.

Your also an mucking up this persons thread with bullshit that has nothing to do with it because you think your so smart. In fact my post proved your an idiot that thinks he is smart.

I suggest you stop right now before you get this persons thread closed because its your posts that are causing the problem.

[BustedS13]

Your also an mucking up this persons thread with bullshit that has nothing to do with it because you think your so smart. In fact my post proved your an idiot that thinks he is smart.

it's a thread about credit. anyway, i've already taken this to pm, i hope you'll do the same.

[blitzsti22]

I love this statement. Your merchant charges you more so you can "get it back".
When will people understand nothing is "free".

What do you mean charges me more, i still pay the same thing i rather buy gas on the amex becuase i get 3% back. thats 3% back someone will never get back if they pay cash.

[SimpleS14]

lol @ BustedS13


Anyways, I started off with Capital One when I was in college and used it for gas. I no longer have that card because of the low limit ($500) and it's low impact on my credit score. I now have four credit cards (Discover, Visa, MC and AMEX), all with high credit limits, but only one with a balance (well under 10% my limit). Out of all the cards that I have, my favorite is AMEX Blue. I hardly use it, but I like having the credit limit and great customer service when I have to dispute a charge.


In light of the recent CARD act, I've noticed an uptick in the APR across my cards. This doesn't phase me because I hardly keep a balance on any of them.

[ManoNegra]

Chase balance paid off yesterday,
account closed a few mins ago...
feels so good

[DALAZ_68]

Chase balance paid off yesterday,
account closed a few mins ago...
feels so good
FUCK YEAH!!!

happy to hear it!!!


btw: i thought you could also build credit with gas cards?

[lflkajfj12123]

Chase balance paid off yesterday,
account closed a few mins ago...
feels so good

dude by closing the account you just probably hurt your credit score more than holding that balance would have

a huge chunk of your credit score is calculated by your length of holding credit on a card

:/

also california busted says shit about california because he KNOWS you guys are going to get mad if only you could just see it you wouldn't be so offended all the time

[BustedS13]

also california busted says shit about california because he KNOWS you guys are going to get mad if only you could just see it you wouldn't be so offended all the time

http://media.urbandictionary.com/image/large/lolumad-57503.jpg
self portrait

[ManoNegra]

FUCK YEAH!!!

happy to hear it!!!


btw: i thought you could also build credit with gas cards?

Nothing that dramatic, just a few hundred bucks that someone owes me

dude by closing the account you just probably hurt your credit score more than holding that balance would have

a huge chunk of your credit score is calculated by your length of holding credit on a card

:/

also california busted says shit about california because he KNOWS you guys are going to get mad if only you could just see it you wouldn't be so offended all the time

I have near perfect credit,
house payments > credit card
only down to ATM/Visa card now which works for me
may look into Discover or something that's not Chase just for emergencies

[BustedS13]

house payments > credit card

http://imgur.com/esGSW.jpg

[TheWolf]

a huge chunk of your credit score is calculated by your length of holding credit on a card


The score is a proprietary formula created by two jewish americans to rate peoples future credit worthiness. There are several things we know about it but there is no "for sure" rules on it.

Unsecured loans "credit cards/etc" impact your score in several ways and usually make up about 30-40% of your "score". Your debt to income ratio. Your credit limit, length of time with a lender and your balance.

They want long time relationships with banks. (although banks feel these relationships are one sided, the kind where he makes you spaghetti-o's and you get raped). We're talking having a card for 7-10 years. Not 1-3. The thread where "I'm gonna buy a house in 6 months. how do I get my credit score to jump 100 points..." not happening.

Your credit limit. If you have 5 cards at 5k each then you've got a 25k limit. The higher this number generally the more credit worthy you are. Applying for more cards though dinks your credit for 3-6 months. 6 cards is about a maximum. 7 or 8 lines of credit start to lower your score.

Your balance. If you've got 20k of your 25k used up. This signals danger. Lower score. Generally you want to be around less than 25% of your available line. Anything more and it negatively impacts your score. So if you've got 25k in line. about $6k is the threshold.

Your debt to income ratio. this is a combination of your monthly payments vs your monthly income. mortgages shouldn't be more than 60% of your total cash. CC's shouldn't be more than 20% of that income. minimum payment went up? and your score goes down like your mom on saturday night.

So the "I payed off my card, canceled it and my credit score stayed the same?!?" question.

if you had 4k on every card and each card had a 5k limit. You went from 20k in debt to 16k in debt. You also decreased your available line from 25 to 20k. Keeping the percent of credit line used the same. Ending "relationships" with lenders is like breaking up those one sided rape relationships. No one is gonna get laid now. So as a parting gift they dink your score. This is usually a 3-6 month effect.

This score system is designed to keep you in the credit world where banks have as many chances to hit you with fee's to play. There's no "consumer" rights in the score. Your "free annual credit report" does not give you your score. That costs a fee. It's designed so the house always wins and you loose. Yes you can 'break even" if you get a card. Use it and pay it off every month. All this does is increase your exposure and provide little benefit.

As to the can't rent a car with cash. I should have cleared my position. If they won't rent it to me for cash, then I give them a prepaid visa card purchased across the street at the jiffy mart. I only had to do that once though and that was with enterprise. Last time though I held the reservation on my debit card and paid with cash at the counter.

[ronmcdon]

Chase balance paid off yesterday,
account closed a few mins ago...
feels so good

wait is this a Chase debit, or credit card?
I'm not all that happy with Chase either for my savings/checking acct.
I especially resent the fact that you can't take out cash the same day you deposit your paycheque.
Living pay-cheque to pay-cheque, this is just a hassle.
(used to be able to do this with WAMU, not sure if it's a CHASE specific policy).
Might go back to Bank of America for my checking acct.

Lol, about House Payments.
I wish we all could afford to finance a house.
That's just borderline unrealistic if you live in socal.
(screw wasting $500k on a pos shack, not to mention the hefty land taxes).
It's just not such a great investment here imo.