candi h
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1. Always keep track of your due date and do not wait the last minute to pay.
2. Never go above 30% of your limit because it will affect your credit score.
3. Do not use the cash advance feature or any of those checks (high interest rate and payment does not apply unless other charges are paid off first).
4. Only charge what you can afford to pay (use sparingly if possible or always use it but put away money for that same amount each time).
5. Try to pay off the balance in full to avoid paying any other money on top of your current debt...if you can't then you cannot afford what you are charging.
6. Never let others use your card
7. Report your card a.s.a.p if you realize any fraudulent charges or it becomes missing.
Good Luck! |
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happy
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Don't use what you can't pay. Pay every bill on time. And never put anything on your card for anyone but you. |
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Ur HIGHness
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If you cant really afford it, dont buy it..unless you know how to budget your money. Buy little things (like a pack of gum, or some clothes) and pay them off right away to get your credit rating in good standing.
Never pay the minimum payment neither. pay as much as you can if u cant pay it all off at once. Be on time with payments too! |
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holy_warrior360
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don't spend too much, always pay when its dues, never go over the limits. |
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Cb
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Always pay it off at the end of every month. |
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LeiaNow
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One way to use a first credit card in a way that will help you to establish good credit and not overdo it is to start out only using it for purchases for which you could afford to pay cash in the first place.
Set it up so that you can make payments online anytime you want to not just when you get the bill. A lot of times credit companies give you a very short turn around time and it's easy to miss the cut-off date, then you get a big penalty, the interest skyrockets, and it all goes haywire pretty fast. That's when people get in deep doo-doo.
Pay online way ahead of the due date, if not right after you've made the purchase then payday at the latest, and you'll always be ahead of the game. Never max it out or pretty soon all you'll be doing is paying interest.
Set yourself a limit and watch out for sneaky tricks like you get close to your limit but you're always good at paying on time, then you get a note saying "hey for being such a good customer we've raised your limit! (so you can start spending more and we'll make even more $ off you!)!
add: and 'thumbs up' to Candi down below for bringing up convenience checks. She is right on about those, the interest is horrible, rip them up immediately!!!! You can even call the credit card company and ask them not to send them to you. They were sending me a set of checks every week.
more: I went and read the terms of your card and me, personally, I would ignore all the "ThankYou" point stuff for buying things. It's too confusing, the same way rebates don't work to most people's advantage. The whole marketing of cards to college students bothers me anyway but there's some fine print in there where it looks like they're saying you won't get any points if you don't have a balance at the end of the billing cycle. It just looks like a way to encourage you into more debt.
Also watch out for something they never mention called "Universal Default", meaning you could be paying this card on time no problem but you're late with the phone billl, well they can use that to knock you from that 12.99% up to the 28.99% and man you are stuck if you've got any kind of balance on there.
Good Luck. Be Careful! |
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jmn
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I would only use it in the case of an emergency and then when you get the statement at the end of the month, make sure you pay it in full. Future creditors like to see that you have control of your credit and finances. It's a good way to build credit, but be very careful because pentalties and late fees and whatever else fees there are can really add up.
CONTROL CONTROL CONTROL!!
Good luck |
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Michael B
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Please, Please, Please research what Dave Ramsey has to say. People will tell you that you need to have a good credit score...forget that. Your credit score = I Love Debt score. Who has a better chance of coming out on top? You, or the credit card companies who invest billions of dollars to keep you and everyone else in bondage. Use cash! Even if you pay off your card EVERY month (which 80% of people do not do), stats show that people spend 18%-20% more when they use plastic. Cash money has emotional value to it. It is harder to shell out the greenbacks than it is to run that card through a machine. You are in a good positon right now. I pray that you won't go down the wrong path. Please check out Dave Ramsey. He has a vey good website...and he has a radio show that airs nationally. "Debt is normal...BE WEIRD!" |
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designer K
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keep a zero balance on it. Like if you buy some gas on it and that comes to $37 then at the end of the month when u get ur bill don't just pay the min. amount they ask you (this is how they get you) pay the whole balance you owe so that you will not get any finance charges. At the end of every month after you pay your bill, if you have a remaining balance due - they will charge you a finance fee. Make your balance zero every month |
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what he said
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return it |
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Ben B
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some tips to raise your credit score
1. Always pay on time or ahead of time.
2. maintain low balances on credit cards
3.To boost your score: Don't charge anything for at least 60 days before applying for a loan
------------------------------
http://www.bestcreditrates.net |
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aznlatinolover14
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better get a debit card instead. |
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frosh11.chickin87
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Don't get one in the first place. =] |
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scott9292003
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You are going to pay some one else to use there money. Way to save for the future. |
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whowantstoknow?
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send it back!! it will control u |
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Matt
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CREDIT CARDS ARE THE DEVILS WORK!! hahahahah just don't spend money you don't have.... remember that. treat it like a debit card. and always pay on time. |
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Christina R
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yeah i was 18 when i got mine, you totally convince yourself that you will not spend that much and always make the payments, next thing you know....your spending and spending and spending and negotiating in your head on how you will make the absolute minimal payment just before you can't even afford that because your convinced that now you have been introduced to luxery, you need more!!!!!! have someone older and with good credit experience watch over you like a little birdy if you choose not to cut it up right now and forget all about it.... :) |
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txblondiexox
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Never spend more than what you can pay off within that month. Finance charges will kill you if you're irresponsible. |
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xbluebellax
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Know your credit limit, keep your balances low and pay them on time. |
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kate
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1) Never charge more than you can pay off in full when the bill comes ,
Because the % charges will suck you into poverty .
2) Keep your debts to less than 35 % of your credit limit on the cards because more than that starts tanking your FICO .
3) Never have a card that charges an annual fee and
4) Apply for a card that gives 5% back on gas , groceries and drug stores .
Use the credit card tab about mid page to look for cards
http://www.bankrate.com/#
In this economy , every % back helps ! |
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rick j
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Spend $30 dollars amonth on it. THATS ALL.
Then pay the bill every month. It is the best way to improve your credit. Once you rack up a high bill its very hard to pay off.
The card company wants you to have a high balance thats were the profit is ...You paying the intrest |
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Mickey S
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put no more than $20.00 per month on it. Pay it off each month. When you aren't spending on it, leave it at home in a drawer so you aren't tempted. Refuse credit limit increases. If anything, drop your credit limit down to like $100.00. Keep the account open for a long time. All of these things will make your credit score go up, pretty much anything else will make it drop.
Good Luck |
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laura d
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Yeah, cut it up with scissors. |
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Jo
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go to town man..
just enjoy yourself
lol =)
then get another credit card to pay that one off and so on.. lol
just kidding, well do what everyones telling you to do..
i guess |
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Chris Eby
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I'm sure you have heard what credit card debt is doing to the people in this great country. I believe the average American has somewhere around $8,000 in credit card debt!?
The first thing I would do is cut it up and start a raining day fund for emergencies with plain hard cash! Ideally you would want to have $1,000 in a bank that you only touch in case of emergencies.
The second thing I would do is look up Dave Ramsey on the internet. He is one of the brilliant minds of today when it comes to debt and getting out of debt. While I don't agree with everything he says, it is great place to start to make sure you stay above average! |
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Tionna L
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CUT IT UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!! CASH CASH CASH!!! |
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jlk
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They are horrible, debt is a disease. The credit card companies want to keep you in debt. Unless you are very disciplined they are not for you. If you feel you must have one pay the entire balance every month and not a day late. |
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RUDE MOOD!
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max it out. |
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