Credit Card for First Timer
Author: dev
Posted: Mon Mar 01, 2004 10:19 pm
Post subject: Credit Card for First Timer
I'm getting very frustrated. I'm looking for something very simple.
I have no credit history. I have supported myself for many years after leaving home by living under my means, and avoided credit cards under fear of going into debt when it wasn't needed. Now I need to build my credit, and I am having trouble finding advice on where to start.
I would like to get a credit card, I don't care if the rate is crap, I will generally only use it and pay it right off. What I want is 1) no anual fee or a very low one. 2) a company that isn't going to sell my info to every telemarketer, bug me till I die if I cancel my card, or generally degrade my quality of life due to bad business practice.
I am having no luck finding reviews of decent started cards, only "good credit" cards and where to go from your current card type things. I'm not even a student any more so I can't look there until I start taking classes again.
Any advice is welcome, preferably the good kind.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: nativechild48
Posted: Mon Mar 01, 2004 10:32 pm
Post subject: Credit Card for First Timer
You can try Household bank Credit card family...they have Orchard Bank, Union Plus, Best Buy, etc. to name a few. I don't suggest First Premier because many people get messed up by their high fee to start and about 50.00 or so dollars available, and be careful with Aspire as well they have very high interest as does E-merge.
author: dev
Posted: Mon Mar 01, 2004 11:18 pm
Post subject: Credit Card for First Timer
Just reviewing household's policies, it appears you have to opt out on an annual basis to keep your personal information safe. Often companies sell your information is sold up front before you can opt out and it is already too late. I wish to avoid this if possible, so any suggestions on companies that actually believe in customer privacy from the point of sign up would be appreciated.
I will keep it in mind though. Thank you. Just trying to do as well as I can so I don't get bit later.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Tue Mar 02, 2004 4:27 am
Post subject: Credit Card for First Timer
Today's privacy laws dictate that you must state your preferences annually. It's not only Household, it's every company that issues consumer credit. Even your bank and your broker ask you for your privacy preferences. Regard this as a GOOD thing. Before this law went into effect, your personal information was sold and resold by every company who had it for any reason.
Speaking to your main point, try to get one or more department store cards. They're usually fairly easy to obtain and they do help to build credit. Also, try taking out a small personal loan at your local bank and simply deposit the money in an interest bearing account and pay it off ahead of schedule. This also builds your credit.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Mon Mar 01, 2004 10:19 pm
Post subject: Credit Card for First Timer
I'm getting very frustrated. I'm looking for something very simple.
I have no credit history. I have supported myself for many years after leaving home by living under my means, and avoided credit cards under fear of going into debt when it wasn't needed. Now I need to build my credit, and I am having trouble finding advice on where to start.
I would like to get a credit card, I don't care if the rate is crap, I will generally only use it and pay it right off. What I want is 1) no anual fee or a very low one. 2) a company that isn't going to sell my info to every telemarketer, bug me till I die if I cancel my card, or generally degrade my quality of life due to bad business practice.
I am having no luck finding reviews of decent started cards, only "good credit" cards and where to go from your current card type things. I'm not even a student any more so I can't look there until I start taking classes again.
Any advice is welcome, preferably the good kind.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: nativechild48
Posted: Mon Mar 01, 2004 10:32 pm
Post subject: Credit Card for First Timer
You can try Household bank Credit card family...they have Orchard Bank, Union Plus, Best Buy, etc. to name a few. I don't suggest First Premier because many people get messed up by their high fee to start and about 50.00 or so dollars available, and be careful with Aspire as well they have very high interest as does E-merge.
author: dev
Posted: Mon Mar 01, 2004 11:18 pm
Post subject: Credit Card for First Timer
Just reviewing household's policies, it appears you have to opt out on an annual basis to keep your personal information safe. Often companies sell your information is sold up front before you can opt out and it is already too late. I wish to avoid this if possible, so any suggestions on companies that actually believe in customer privacy from the point of sign up would be appreciated.
I will keep it in mind though. Thank you. Just trying to do as well as I can so I don't get bit later.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Ira
Posted: Tue Mar 02, 2004 4:27 am
Post subject: Credit Card for First Timer
Today's privacy laws dictate that you must state your preferences annually. It's not only Household, it's every company that issues consumer credit. Even your bank and your broker ask you for your privacy preferences. Regard this as a GOOD thing. Before this law went into effect, your personal information was sold and resold by every company who had it for any reason.
Speaking to your main point, try to get one or more department store cards. They're usually fairly easy to obtain and they do help to build credit. Also, try taking out a small personal loan at your local bank and simply deposit the money in an interest bearing account and pay it off ahead of schedule. This also builds your credit.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 11:41 AM
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