Waine
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here you'll find a few comprehensive & FREE sites that explain it all quite nicely.
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
if you get any luck please don't forget about me lol, hope it helped you! |
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Voice of Innovation
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ok I would advise for you not to get a credit card!! trust me! You should only use it for emergencies. You keep buying with that thing and your interest rates will go sky high and put you in the hole. |
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LoveDior
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avoid getting a credit card as long as you can. it can just lead to trouble. |
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ustech84
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If you love to shop and buy expensive things, then DONT get a credit card!! You will end up in way over your head and mess up your credit rating for sure!! Keep a separate savings for the treats you want to buy, only have a credit card when you know you have the self-control to use it only in emergencies and can pay it off in a reasonable amount of time. |
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★Greed★
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line of credit = 8.5%
credit card = 18.5%
Get a Job and save your money, |
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lifecircle9
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ok well this is going to be your choice, but in my opinion id say be very responsible with it and dont buy anything if you dont have the money to pay for it. Only use this to establish good credit and to learn about how to use credit. Dont abuse it and get in debt, always pay you bill on time and try to pay more than the minimum balance. just be cool with it thats all |
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keyoor
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ASAP |
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IrishGal2
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Let me just tell you from personal experience that having a credit card brings nothing but trouble. Once you start using it, the offers for all of the other cards come in and before you know it you are just overwhelmed by the monthly statements, minimum payments, and interest charges. Do yourself a favor and just wait. Down the road you may get one that is for emergency purposes only but, you really have to stick to that rule. Good luck to you. |
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Secret
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Usually you need a liscence to have one and if you have a liscence you should get one, but they are easy to loose!!!!!!!!! |
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Lady
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My first credit card was from my bank, it was a student credit card, for college students. It had a $250 credit limit, which soon grew and grew and it is now over $5,000. I think if you get a credit card sooner and use it wisely, like it sounds like you will, it will help when you need credit in a few years like trying to get an apartment or buying a car. Having a credit history of 7 years, really helped my purchase a car when many people my age couldn't even think about it. |
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redpaynt
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No. If you want to build credit, get a small loan and pay it back on time. If you absolutely have to get a credit card, get a very small credit limit and don't buy things you can't afford. It can make life very hard later if you have a lot of credit card debt. |
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sthetx
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I'd recommend getting a credit card, and purchasing only 1 or 2 small items on it per month. Pay the statement in FULL each month. THis will do wonders to establishign a good credit rating for you. A good credit rating will help you later in life, with lower APR's on home or car loans. |
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DREAK
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Dont listen to thatcanadiangirl2003....thats my wife and she is very anti credit card....has stopped my limit at $3500...now how do I buy rounds of beer for everyone that the bar????? |
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thatcanadiangirl2003
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Most people have trouble with credit cards. Think about it honestly, if you can restrict your purchases so that you can pay off the full (yes, I mean full!) balance each month then go ahead.
If you want it so you can purchase things you can not afford, thus carrying a balance on it then no. If you need the item that badly get a loan from a bank. |
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larceny'sghost
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I would not recommend getting a credit card for the sheer purpose of purchasing luxury. But if you know you are financially stable to pay it off on time and can handle the massive interest charges, then go for it. The key is to always pay on TIME...this is not free money...You're practically buying money from a company. In other words, be wise with your spending and your good paying habits will help you in your future or not pay on time and be ruined credit-wise for a long time to come. |
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darasidhe
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it depends on whether or not you think you would abuse it, and youre reasons for getting it. try to set goals, like not spending more with it than you can afford to pay off.
if youre unsure, try talking to a credit union, and think about getting a card with a small maximum balence |
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smyli131
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i would suggest that you avoid getting a credit card as long as possible. take it from someone who got their first credit card at 18 and 8 years later after 10 credit cards and about 8 department store credit cards had to file bankruptcy because she was in debit for over $30,000 and had a great job at the time. so if you can avoid do it if not then get one with a low balance and only get ONE!!!! |
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mbenetx
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Yes, a credit card is necessary to establish credit.. good credit too. Get a credit card that has a low credit limit.. It's easy to get a credit card like at JcPenneys or a gas card... Then after a year, you can get a visa or mastercard... Be good with your credit.. always pay on time and don't spend too much! |
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koij t
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Yes get one but dont spend too much, use it only in case of an emergency. Dont get more than one credit card. Make sure you pay the bills on time so that your credit score is good. |
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Steph
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I'm 19, and I have a capitol one card. I only use it to buy items that are cheap so that I can immediately pay it off when my bill comes. I'm not the kind of girl who likes to be in debt. I want to be able to have good enough credit to buy my own car and home one day. Using a credit card in a wonderful way to earn a good credit score while we're young. The sooner we earn it, the better. However, you mentioned that you want to buy expensive jewelry with it. I feel at this age that this is not such a good idea. This is how we get into debt. I've watched my friends do it. As soon as they got their credit cards, they went and maxed them out. Now they have huge monthly payments, and can't necessarily afford to pay them off on a monthly basis. Instead of helping them earn good credit, they are earning horrible credit, which sucks when you get older. I've heard horror storied from older adults about how it took them forever to bring their credit score back up simply because they couldn't be responsible with their credit cards. My advice to you is that if you can get be accepted for a cedit card and want to use one, please please please use it responsibly. Charge up no more than maybe $50 a month and then pay it off as soon as the bill comes (unless you can't afford $50 a month, then go as low as you can afford, even if it's only $1). After you charge it up to whatever you know you can afford by the end of the month, put it away somewhere where you won't be tempted to use it while shopping. Put it in a drawer away from you wallet. This way you won't be able to accidently charge it up too high since you won't even have it with you. Your creditor will be pleased, and you should have no problems qualifying for a car and a home in the future. Don't ruin your financial future because you just had to have that $500 dimond necklace. Trust me, it's not worth it! |
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Key-key
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I think you should wait until you get in your late 20's at the earliest to get a credit card, especially since you just want to shop because when you get older and want more equitable things like a house you will be more responsible and know what credit and credit scores really mean.
I got a credit card when I was younger for the same reason and I'm still trying to get me credit straight. I didn't know that until I wanted a house and I was refused not because I didn't pay the bill but because I had slow or late payments. You can establish a good credit rating with you debit card purchases. Hope this helps you! |
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punkinpie519
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start by saving money up in the bank....
once your sure that you can manage your money wisely then go out and try again...
but don't go for the big credit cards first. start with credit cards for department stores and stuff that are easy cards to apply for....
from there you can establish good credit and work your way up
GOOD LUCK |
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Evil D
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I did. And still going strong . I stared out with one card with a $500 limit at 18 im 24 and now have four.My Visa $10,000 limit my Master Card has a $5400 limit and i have a BP and Shell gas cards together there about $2500 . Just be responsible don't spend more than you can afford to pay back. |
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BABY GURL
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if you want to and if you think you are responsible enough and ready to conflict problems of the feature |
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chartat115
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Hi there. I would say one credit card is good for emergencies or just to use 1/2 a month to start up your credit. Other than that I would STAY AWAY! I wanted a credit card when I was 18, then another came along, and after 13 credit cards....I now would give anything to go back and only ever have 1 or none. Good luck. |
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endsjustmeans
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In case you do not want to be a renter for the rest of your life, you will need a good credit history or a lot of cash to purchase a home. Since you want to spend a lot of money, but don't have a lot of money, you should have no more that two credit cards with limits no higher than about $400 apiece. Pay the bills in full every month because you may have been considered as having bad credit, and your interest rates will be high. |
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Paul S
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No. Save up for what you want and get it AFTER you have the money.
If you do get one, only use it to pay for things you need like gas for your car and then pay it off each month.
Otherwise you'll end up screwed. Trust me. |
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Larry T
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In a word, NO.
But you already knew that didn't you. |
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