Best Credit Card Offers
Ranked #7,634 in Parenting & Kids, #269,779 overall
Want Answers About Your First Credit Card
Stepping into the adult world presents a lot of new issues you may never have considered before. Among these new problems is how to establish credit. So many people find themselves ready to leave their parents' home to get a home or apartment of their own only to find out that they can't get certain things like a place to live and the utilities that go with it because they don't have sufficient credit. Sometimes having no credit can be worse than having bad credit. When you are trying to get a loan for a car or a house your future creditors want to make sure you can pay the loan back. They have no records to look at to tell them if you will do this or not. It might sound like a Catch 22, but you will have to start by getting a credit card and making a few purchases.
How Do You Decide?
Finding the right credit card can be confusing because there are a lot of things to keep up with like APR, annual fees, and hidden charges. The best way to compare credit cards is to compare the APRs. The general rule is that the lower the APR, the lower the cost of credit. Try to look out for the hidden charges that are behind credit card companies. Sometimes companies like to hide things away in the fine print. Even if fine print annoys you, you should try to read it. There are often times charges for charging more than your credit limit, late fees, or periodic finance charges. Little charges here and there will end up costing you massive amounts in the long run.
When you use your first credit card there are some rules that you should follow. You should always shred your receipts, and also shred any credit card offers that you are not considering. Do not ever give your credit card number over the phone unless you are the one who initiated the phone call to the company that you are ordering things from, or trying to get a bill paid. Keep the customer service numbers of all of your credit cards in a safe place. Sometimes companies will send you a new card and it will get lost in the mail, an automated system will ask for your information before it will let you proceed, however, if you don't have a customer service number, you will have to wait until your next bill comes in. You would think that calling the store would help, but incompetence runs rampant in all parts of the world.
Try your hardest not to get a credit card in the first place. I know this may seem like impossibility, but they are only troublesome beasts. If you have to get one, make sure that you have really thought about what you are capable of, and how you are going to manage your money.
Credit Debt Information
Fetching RSS feed... please stand byShare Your Credit Card Offer Questions & Tips
-
Reply
-
phoenix-arizona-friends
Jul 18, 2011 @ 11:23 pm | delete
- Thanks for the tips! Great lens.
-
Share Your Favorite Books About Credit
The Total Money Makeover: A Proven Plan for Financial Fitness by Dave Ramsey
The success stories speak for themselves in this book more...0 points
You're Broke Because You Want to Be: How to Stop Getting By and Start Getting Ahead by Larry Winget
I wrote this book for the average person who has a more...0 points
The Road to 850 (Proven Strategies for Increasing Your Credit Score) by Al Bingham
This is one book you must have! The Road to 850 provides more...0 points
BestCredit: How to Win the Credit Game by Dana Neal
Dana Neal knows first hand the consequences of bad more...0 points
How to Repair Your Credit Score Now: Simple No Cost Methods You Can Put to Use Today by Jamaine Burrell
Your credit score affects every aspect of your fin more...0 points
Rich Dad's Guide to Becoming Rich...Without Cutting Up Your Credit Cards by Robert T. Kiyosaki, Sharon L. Lechter
The real trick to building personal wealth is lear more...0 points
Credit Repair Kit For Dummies by Stephen R. Bucci
Don't let your credit suffer needlessly from errors more...0 points
The Isle of Squid
by rwoman
I am not a financial guru but that is one of the things that makes me ideal to write about this topic! I have to do a lot of research and study to kee... more »
- 331 featured lenses
- Winner of 29 trophies!
- Top lens » Valentine's Day Trivia Quiz
Explore related pages
- Budgeting Money Management Lensography Budgeting Money Management Lensography
- Personal Finance Budgeting Personal Finance Budgeting
- Save Money In Your Family Budget Save Money In Your Family Budget
- Wedding Invitation Wording - Sample Wedding Invitation Wording Wedding Invitation Wording - Sample Wedding Invitation Wording
- Teddy Bear Valentine's Day Cards Teddy Bear Valentine's Day Cards
- Free Parchment Craft Patterns Sites Free Parchment Craft Patterns Sites









You can find us on