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how do credit cards work? im thinking of getting one!?

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  • how do credit cards work? im thinking of getting one!?


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Answer #1 | 22/12 2013 15:06
You have no credit history. You will have problems qualifying for ANY credit card. You will not get a low interest rate, high limit, no annual fee, good reward program card. You need to have good credit and an established credit history of at least 4 or 5 years to get the better credit cards. Go to your bank. They are the most likely to extend credit to you. You will probably have to start with a secured card.
Answer #2 | 22/12 2013 15:22
Its an ok deal , if you want to move around. A card to go for is the one that offers your credit score or Fico score for free. I wouldn't worry about the percentage, you won't be using the card that much.
Answer #3 | 22/12 2013 15:54
Rather than getting a credit card to go into debt, put off your purchase till you can pay cash. I suggest you take to someone at your current bank or join a credit union & speak to them about how to build your credit. I would dump the debt card, they are trouble & do not have the protection of a credit card.
Answer #4 | 22/12 2013 16:55
You can't get that card. The card that you describe sounds like one that is only for someone who has already has a credit card and wants another, not one for someone getting their first credit card ever.

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