Should I have a credit card?
I've had a credit card since I was 18. As long as you are disciplined about spending, there's no reason you shouldn't have one and use it regularly for a variety of reasons:1. You build credit, which is important for getting good interest rates if you get a mortgage or some other large line of credit. Your credit score can make a difference of tens of thousands of dollars over the life of the loan. You do not have to carry a balance to build credit. Simply purchasing items and paying off your bill in full every month without any late/missed payments will go a long way to building credit.2. You get protection. When you purchase something with cash or a debit card, the merchant already has your money. This can make it rather inconvenient if you have a dispute over your purchase and need to get a refund. With a credit card, your money stays in your account until you pay your bill. The credit card companies make it easy to dispute charges. You are only liable for $50 if your credit card is used fraudulently. Some cards offer additional services such as rental car insurance, extended return policies on purchased items, etc. 3. You can earn rewards. Once you build a good credit score, you can qualify for different cards that pay cash or points for each purchase. My wife and I actually fund our vacations this way. The vast majority of our purchases (plane tickets, rental card, food, etc) are via credit card rewards.There is one major downside to owning a card. If you think you are going to be tempted to purchase more than you can afford and will carry a balance, DO NOT GET A CARD. Interest rates are ridiculously high and it is one of the easiest way to bury yourself under a mountain of debt. There is no reason to worry about managing and keeping track of payments. Most credit card companies give a lot of tools to help you keep track of your purchases and when it is time to pay. You can set up email and text alerts when your bill comes out, when it is due, etc. You can even set up automatic payments so that you don't have to worry about it. At the very least, you can just make a calendar event on your phone to remind you to pay your card every month. Also, it doesn't hurt to keep track of your purchases with some sort of budgeting program. Every time I make a purchase, I enter it in my app (I use use YNAB 4: Finance Software for Windows & Mac) That way you can always check to see how much you've spent at a moment's notice.
Should I get a credit card?
Actually, you can talk to your bank and see if they can lift the limit that's stopping your debit card from being used online, because you should be able to use your debit card online. You don't need a credit card. If you get one to help build credit, I went to Wells Fargo and signed up for the College/Student Checking account which came with both a debit card and a credit card. But only use the credit card for small purchases that you can pay off at the end of the month. You'll get good credit, but it takes time.
Should I get a credit card?
Hi there, heres a couple thing to keep in mind. Credit cards Do help building your credit. Rent, insurance,light,water and phone bill do not help build credit. The reason why people confuse them is because credit does get involved, but only when you dont pay your bills. Store credit cards arent easy to get at all, speacially when you never had a credit card before. Dont go making credit applications for store credit cards because at $500 a month you will get declined. When you make a credit application is called a inquiry wich lowerd your credit. Inquiries on most people with a llong enough credit history will only lower score by 3-4 point, multiple inquirie on people that have not stablished credit trashes your schore, one of my score once drop 60 points cause of this. Try a secure credit card, your bank will approve because you have to give a down payment similar to you credit limit. Never let your statement go in on more than 30% of your credit limit and allways pay balances on full. This will really boost your credit score I was 19 years old when i got my firts credit card, i had a 564; im 20 now and have a 711. Also the combination of loans and credit cards give your score a boost, thats why mines whent up so fast. Never close credit card, when it comes to credit score, history is very good, it tells lenders that you can establish credit. If you dont use more than 30% and you pay balances in full you will never be in debt or pay interest rate. Remember a credit card is very helpfull as long as you use it wisely, let your statement go in like at 30% or less and than pay it off completely. Use it for things like gas and food, things you allready have the money for, not things that you cant afford. Save the money and pay the card. This is a link to see if your pre approved for a credit card, it does not pull credit. https://cardfinder.capitalone.com/CapOne... hope this help =)
Should I get 2 credit cards?
Having good credit score is depending on many factors. Such as your lenght of your credit history, your debt to credit available ratio, numbers of your request for credit in the past six months/past year and any negative report such as late pay, bankruptcy, etc. To answer your direct question, it's not bad to have multiple CCs but make sure that you do not apply too often and as long as you or your cards has or doing these thing: -paying the entire balance every month -Grace period -no annual fee Most of ppl that have bad experience with CC is because they get carry away with their cards or have heard horror stories of others. Just remember, these cards you're using is not free money and the interest on the card is far more than any rewards that comes with it. If you can't pay for it, don't buy it.
Should I get a credit card? (21 years old)?
Yes, get a credit card - and use it. Charge some small amounts and pay off the bill in full every month. This will help build your credit score. How much will it help? Well, currently you have no credit score at all, so it will help an infinite amount. :) There are other good reasons to get a card. If you ever want to rent a car, you will need a credit card. If you ever want to stay in a hotel, you will need a card unless you want to pay them up front in cash.
Which U.S. airline credit card should I get?
The obvious answer is the card for the airline you fly the most, but that might or might not be the best answer depending on what you want, and on what the cards offer.The candidates are the airline's own card or a card like the Chase Sapphire or SPG Amex that let you transfer points to airline programs, and you need to weigh the various goodies they offer. The individual airline cards like Delta Skymiles Amex and United MileagePlus Explorer or Club typically offer 1 point/$ (1.5 on United Club), a free checked bag, extra points when you charge tickets on the airline, and other odds and ends. If you're interested in using the airline club, the club card is often cheaper than just buying a membership.The SPG card is 1 point/mile on all purchases, more at SPG hotels, but on most airlines you can transfer 20K points for 25K miles, so it's effectively 1.25 miles/$.SPG and Delta cards are Amex cards, the others are MC or Visa, and Amex is still accepted fewer places than MC/V. If you travel outside the US, some cards including SPG still have a 3% foreign transaction nuisance fee.So if you travel on the airline enough that the free bag and so forth are useful (but not so much that you get them anyway from being an elite level frequent flyer) and are worth more than the annual fee you will pay after the first year, the airline card wins. If you charge a lot in the US but don't fly the airline that much, the 1.25 point SPG card may win. If you don't charge enough to cover the fee, consider something like Capital One Quicksilver that gives you plain old cash you can spend on plane tickets or anything else.