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+--- Thread: So I got approved for a loan... (/showthread.php?tid=3159)
- navin - 11-15-2005
so what are some fixed rate credit cards to apply for?
- Feersty - 11-15-2005
ScottyB Wrote:Feersty Wrote:zero credit, parents co-signing.
why no credit? having good credit down the road is helpful, and as long as you don't abuse the card it's pretty damn convenient.
Never wanted a credit card, nor did I know until a few months ago that credit can be only be had by getting one.
- .RJ - 11-15-2005
if you have zero credit, get a secured credit card through your bank. use it every month and 'upgrade' in a year.
- Mike - 11-15-2005
Feersty Wrote:ScottyB Wrote:Feersty Wrote:zero credit, parents co-signing.
why no credit? having good credit down the road is helpful, and as long as you don't abuse the card it's pretty damn convenient.
Never wanted a credit card, nor did I know until a few months ago that credit can be only be had by getting one.
hahahaha... street cred can only take you so far, rob. as for me, i have a basic discover and an amazon visa. as long as you keep your spending lower than your income you're perfectly fine. i really don't see how it is so easy to get in to debt trouble if you just use your brain. i spend like a maniac, but never my monthly bill is never more than i make (or hell, even half that).
- Andy - 11-15-2005
I have two Chase Cards. One is Travel Rewards, the other one gives me 5% rebate on all gas, grocery and drugstore purchases. The Travel Reward is okay, but it takes me ~2 years to get enough points for a free ticket but I did fly first class to Alaska for 150 bucks so it was excellent. I recently got the Gas card during the price hike and i just got 85 bucks back in the couple of months I've gotten it. You can negotiate rates if you bullshit them. If I see a credit card offer that beats what I have, I just call Chase and ask them to match it. Currently, I have two cards with 0% APR, though the Travel Rewards has a 20 dollar annual fee.
- Evan - 11-15-2005
credit cards are great just out of convenience. I got one when I turned 18 and have used them for expenses. Ive never really had to carry a balance (well.....until I started buying bling JDM parts for the WRX and race parts/roll cages for the miata -- see location) and as long as you use your head you wont have to
- Nick325is - 11-15-2005
I have no problems with my MBNA platinum card. Its 0 APR til next October and then the rate is 7.5% after that.
Nick
- HAULN-SS - 11-15-2005
For your first credit card, get one from your bank. Assuming you have a checking account with them, they're pretty sure you dont screw up too bad. They'll give you a card with like...700$ limit or something on it, but shitty rate, (14% maybe). use it for like a year to get credit..and then they'll start flowing in like water in your junk mail
- Sijray21 - 11-15-2005
Evan Wrote:$6 for your fico score is a great deal, where did you get that?
most sites want $30
i actually got mine from John's link before:
annualcreditreport.com
i paid for the free credit report then the $6 additional fee to find out the score - i'm not sure if there's more than 1 kind of FIOC score, but i only recieved one
oh, for the record:
I started my credit with a $300 limit card at 12% and 2 personal loans - one $1600 for a laptop and $2000 for another reason i can't think of (both were 2-year loans and i paid the first one off in 3 months and the second in 8 months)
- Dave - 11-15-2005
a car loan is where my credit started. Making your payment every month and never defaulting is all you have to do to have good credit. I got my first credit card this January with an Amazon VISA. Every 2500 I spend with the card, I get a $25 gift certificate. I try to pay it off every 2 weeks so that I have almost zero finance charges. Basically just use it like a check card and you'll never have any problems. In fact, I just got a letter in the mail today that they had raised my limit again. Guess they want me to spend more money
.
- white_2kgt - 11-16-2005
Dave Wrote:In fact, I just got a letter in the mail today that they had raised my limit again. Guess they want me to spend more money
call them back and tell them to lower it! if you don't plan on using it, then theres NO need to have it, all it can do is lower your overall score.
- REED - 11-16-2005
white_2kgt Wrote:Dave Wrote:In fact, I just got a letter in the mail today that they had raised my limit again. Guess they want me to spend more money
call them back and tell them to lower it! if you don't plan on using it, then theres NO need to have it, all it can do is lower your overall score.
can you explain this, how does having a larger limit lower you credit score, ive never heard of that before
- .RJ - 11-16-2005
Available credit is a risk. But then again, having a balance thats 80% of your limit all the time is also a risk.
- Kaan - 11-16-2005
i never paid attention in college... but since i only used my card for gas... it was paid every month... plus some... $55 bill and i pay $60... that kinda thing.
When i graduated i actually looked at the bill... they raised my credit limit to $25k... thats WAY too much. I called them and had it bumped down to 2k... but every month i have to tell them to take it back down... because every month they want to bump it.
typcially the best way to get credit is to have a carry over now and then... but never keep the card over 50% of the max... pay on time...
and student loans are pretty good too... and since i have the loan with my bank... its an automatic withdrawl... and its always on time.
- Ryan T - 11-16-2005
Loans are a really good way to build credit. My mom had me building credit once I turned 16. Since then I've taken out 3 loans to buy cars with, and have paid them all off early, as well as another personal loan that I paid off early as well.
- JohnC - 11-16-2005
Here's another credit-building tip: Buy a house
- Evan - 11-16-2005
JohnC Wrote:Here's another credit-building tip: Buy a housegood idea, Ill go pick one up after work today!
fuck No VA :x
- .RJ - 11-16-2005
Evan Wrote:fuck No VA :x
+1
- Kaan - 11-16-2005
Quote:Evan wrote:+2
fuck No VA
+1
- .RJ - 11-16-2005
+kumquat