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has anyone tried a capital one card?
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has anyone tried a capital one card?
What would be a good CC for me? I'm 24 and most of my expenses go to gas, food, and online shopping (amazon)
Something with nice perks
This is the correct way of building credit. Do not listen to those folks who are saying to pay interest.So much conflicting information in here. Here's some tips for you because you don't have a credit card yet.
Find out what your credit score is from https://www.annualcreditreport.com/
First off, if your parents have a credit card, tell them to add you as an authorized user to their account. Why do you want to do this? The age or longevity of their credit history will transfer over to you. Let's say they have 15 year old credit history. You will get this as well. Credit history affects your credit score. The older it is, the higher the credit score.
Getting your first credit card is not easy. You might have to get a secured credit card from a bank (Bank of America for example) or a credit union. This means you have to up money upfront. You have to deposit a thousand dollars. Then you use that for about a year or so and then they will transfer you over to a unsecured (regular) credit card. If you're lucky, you might be able to get an unsecured card based on your credit score, income, debts, and expenses like rent.
For the rest of yall:
Don't wait until your billing statement to end before paying off your credit card.
Your balance at the end of your billing statement is reported to three major credit bureaus by your credit card company. Let's say you have a $3000 credit limit. If you spend $2000 dollars a month on that credit card and wait until after your statement ends to pay your balance, your credit card company will report you as utilizing $2000 of your $3000 credit limit. This is a credit utilization rate of 67%. This will negatively affect your credit score, EVEN if you pay it off in full before the due date. Ideally, you want your credit utilization rate to be 30% or less, and under 10% is even better.
BUT...you still want a balance reporting. So before your billing statement is over, pay off everything EXCEPT 1%-10% of your credit limit. THEN you pay the rest of the balance before the due date so you don't incur any interest charges.
Check out creditboard and myfico forums for more info.
I've never carried a balance in my life and my credit score is right there too. It was in the high 700's prior to buying a house, then it's steadily increased over the last couple years just by making payments on time and having a long credit history.The people who are saying to pay it off in full are depriving themselves of improving their credit scores.
Credit score of 815 FTW
I started this past summer when I applied for a Capital One CC, and was offered 0% interest for one year. I don't have to pay interest on anything till September, so why the hell not?
Not having credit was killing me!
I've never carried a balance in my life and my credit score is right there too. It was in the high 700's prior to buying a house, then it's steadily increased over the last couple years just by making payments on time and having a long credit history.
http://slickdeals.net/permadeal/106...dit-card-spend-500-in-first-3-months-and-earn
thinking about grabbing this card for my first official CC... ive banked with chase for the last 10 years.. (back when they were WaMu)
people on slickdeals seem to think its an easy come up on a free 200$
whatta ya think NT?
Any tips on getting a personal loan? I was gonna get one from my bank but was turned down for lack ofcredit experience even though I have a card and 717 score at 22 [emoji]128530[/emoji]