Best Credit Card

Question: Whats the best credit card for me?

(Posted by: 904 SOLDIERS on 2010-02-06 06:54:28)

Im 19 and i want to boost my credit...well get credit. i don& #039;t have any credit yet and i thought if i get a credit card like capital one or something like that where i can put stuff on credit and pay off the bill and that will boost my credit i cant go threw the bank because i don& #039;t have the credit for it or something like that(they won& #039;t let me get one). i was wanting to know what would be the best credit card for me to get? and what one will let me put stuff on credit and let me pay it off at the end of the month.

Posted by: DON W on 2010-02-06, 07:23:55

Are you working or are you a student? A new US law went into effect recently that makes it hard for anyone under 21 to get their own credit card unless they have a regular job. If you 're a full-time student, you probably won 't be able to get a credit card until you graduate or turn 21. As for which card, it really doesn 't matter. Any credit card will let you charge purchases and pay them off at the end of the month. The major differences between cards are whether they charge a monthly or annual fee (you want to avoid such fees if you can), the interest rate they charge on purchases not paid off at the end of the month (the lower the interest rate the better), and the credit limit they set (the higher the limit, in general, the better). As a first-time card holder, you 'll probably have to settle for a so-so credit card at first. Once you prove you can handle it by paying off your purchases on time and not causing any late fees or penalties to be charged, you 'll have a broader choice of cards to choose from. In general, if you belong to a credit union, or one of your family members belongs to one, you 'll get a better deal than a "big name " credit card like Capitol One. Remember that as long as it 's a VISA or a MASTERCARD, it doesn 't matter whether it says Capitol One on it or Rockville Federal Credit Union (just to make up a name).

Posted by: Baby boy due March 7, 2010 on 2010-02-06, 07:08:51

Capital one is a good choice for first time credit cards just remember if they don 't approve you don 't apply for another credit card for at least a month. If you apply to to many places that will look like you need the money to bad and you will look like a risk to lenders.

Posted by: Tom on 2010-02-06, 07:10:19

You are absolutely right!! Get a 'build your credit rating ' card. Capital One is an American company, so try the BarclayCard one. Pay off your bills each month and watch your rating soar. I did it at 18, never looked back.

Posted by: StephenWeinstein on 2010-02-06, 07:17:56

If you do not already have credit, then you cannot get the credit cards that you mention. Those cards are available only after you boost your credit. First, deposit money at a bank that offers secured credit cards to depositors with no credit. Next, obtain a secured credit card there. Next, build your credit using the secured credit card. Finally, if you still want one, then apply for a credit card that is not secured after you have built your credit. Do not apply for any credit card that is not secured only after you build your credit.