Credit Card

[edwin89 7]

Hey guys so i saw some people having trouble when they wanna get a credit card to build credit...so i was walking close to my bank (Chase) where i have a savings account, i was curious if they would give me a credit card to build some credit since i been waiting for the credit bureaus to transfer the credit i had on my Itin # anyways i went in there and ask about the credit cards after all the explaining the guy did he pass me some lady on the phone and told me congrats you been approved for a $1300 first 15 months 0% APR i was surprice and im kinda scared to know what i got in to lol if is good or bad  well just wanted to share this with you guys!

[Nancy Mora 12]

You know from what i heard its always a risk to get a credit card as you can max it out then interest builds and what not but it just depends on you be cautious in how you spend it and spend it wisely

[JoseG 383]

You should only use it to pay for stuff that you can pay off at the end of the month. You don't want to get stuck with a lot of debt and end up paying only the minimum for interest.

[Theresa 63]

Good for you for thinking about building your credit the best way possible.

First tip is that you don't want to run up debt. So, it is not so much about how much money you spend, but how you manage your use of credit.

You can build a strong credit history by responsibly using credit. That means using your card, paying your bills on time, and not carrying a balance that eats up more than 30% of your credit limit. It is best to pay the balance in full, so you don't pay interest, but use your card regularly.

Use your card every month, even for a small purchase like a tank of gas or one trip to the grocery store. This will show creditors that you're taking out a debt and paying it off.

[Yureelee 27]

Good for you for thinking about building your credit the best way possible.

First tip is that you don't want to run up debt. So, it is not so much about how much money you spend, but how you manage your use of credit.

You can build a strong credit history by responsibly using credit. That means using your card, paying your bills on time, and not carrying a balance that eats up more than 30% of your credit limit. It is best to pay the balance in full, so you don't pay interest, but use your card regularly.

Use your card every month, even for a small purchase like a tank of gas or one trip to the grocery store. This will show creditors that you're taking out a debt and paying it off.

Ive been educating myself on how to start building my credit , and I plan to start with a secured credit card. At first I thought that building credit was using your credit card to the credit limit. But nope! , when building credit thats actually not a good start. Like you said just using your credit card to a limit where you know you are going to be able to pay off the balance at the end of the month when your payment is due. Thats the way to show the Credit Bureaus that we are responsible when it comes to spending.

[Danny_963 1]

I recently applied for a credit card at wellsfargo and was declined because they could not find any credit score for me, the lady that helped me later told me that the reason might be because in our ssn it has the label of FOR WORK ONLY and she thinks that that might be the problem but i know that since our ssn are new, we of course have no credit history. this has also been an issue when i tried getting home phone service with verizon, but im told that verizon is its own credit separate which is ok. the lady at wellsfargo also told me that some times if i stay a loyal costumer with them, sometimes they take that into consideration to give me e credit card, and told me to wait about three months. thank you all for your input, now i am more aware of what i should know and added to what i already knew.

[Tori 38]

I got a CC from BofA, 12 months at 0% with $1,000 limit. As folks have said use it wisely and be sure you can pay off what you buy.

I've been using it to buy parts to build a new workstation PC (which I will write off in taxes). Since it's a low credit line I have to buy the parts in segments, but each time I make sure I have enough money to cover it all.

I also set a transfer via my online banking account to send $10 to my CC balance every week. I'll keep this until the 0% interest is over next August. This will ensure money is always flowing to the CC balance.