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Credit Cards
credit cards?
i started out with about 6 credit cards. all department store credit cards, and one regular visa credit card. i have paid them all off except for 2 credit cards, and im still paying on my student loan. in the duration of these 6 credit cards, they all went to collection agencies, and i slowly paid them off, in which, im down to 2 now. Is there a way to combine my 2 credit cards so they will get paid off, and by combining them, i can just pay that as a together amount since these minimum payments...
rebasdream:Well, a friend of mine, called the credit card companies and ask them what was the least they would take..to pay them off..sometimes they will let you pay a lot smaller amount..... More...
Credit Cards?
I am trying to apply for my first credit card but somethings are confusing and I don't want to get the wrong one.
For instance some credit cards have say a $200 balance but a $115 dollar one time fee so the amount I can use is $85 until I pay off that $115 and I really dont want to pay for a credit card you know? I want to just have one well yeah.
Anyways I need to know what I should be looking for when it says
Intro APR
Intro APR Period
Regualr APR
Annual Fee
...
Jen:Intro APR - This is a lower rate than normal and is usually no more than 1 year
Intro APR Period- The lower rate charged for a specific time period.
Regualr APR - the rate you will be charged after the intro rate on purchases not paid off every month
Annual Fee - an amount you have to... More...
Credit cards?
Ok, here's my story...
I have avoided credit cards for a long time. I have heard horror stories about them. I got a store card at Macy's while I was in my first year of college. I did not have a consistant job then, (work study) and at its highest, had a credit of 100$. After having to have my dad co-sign to get my car, I realized I may need a credit card. But I don't know alot about them so I have some questions.
1. With the blemish at Macy's, will I be able to be approve...
caleb b:Credit cards are an important means of establishing credit history. Using them responsibly, controlling your spending habits and not misusing them will always help the cause. Here are few things to keep in mind before you apply for a credit card.
It is always better to use a credit card w... More...
Credit Cards???
Ok I have a question about credit cards. I just got a new credit card to pay off another one because it has 0 % till Jan 2009 on balance transfers. I got approved for $8,000.00 (by the way I have very good credit). Now let me state 1st that I have already a Chase credit card and when I got this new credit card (which is by Chase again) I was trying to pay off my old Chase...now I was informed in the beginning that I can and now they say I can't (which would make sense) but I went on there word. ...
Moosey:Chase sucks period. Get away from them. They have bad customer service and do bad business. If you have good credit, you can do it whenever you'd like, you don't have to wait.... More...
Credit Cards......?
Will closing out my credit cards (after I have paid them off) hurt my credit? I have (in order I recieved them) Capitol One, Chase, Providian, Applied Card Bank, Aspire Card Bank, Orchard Bank, and Wal-Mart. I am closing out Applied, Aspire, and Orchard.
I am keeping Capitol One and Chase because they are my longest (I heard you need to keep your oldest) and I am keeping Providian because it has my highest credit limit (I was told you need at least ONE card with a good credit limi...
Joe:Closing accounts can sometimes hurt your rating. See the first link below. You are right in keeping your oldest accounts open, as your credit score is partially based on how long you have had credit.
The second link is Yahoo's information on improving your credit rating. The third link... More...
Credit Cards?
Is it a good idea to open a credit card to transfer my other credit cards. There is this promotion from bank of america, and i can be eligible for up to 2,000 dollars and interest free for 4 yrs.. I want to transfer my other credit cards so interest wont accrue. Is this a good idea, and will it help my credit score?...
XoxoxoxoX:Credit card companies don't do PRE-APPROVAL any more, those are just marketing strategies to lure people to apply for their credit cards. Does it says UP to $2,000 for UP to 4 years? If your credit score is above 800, then most likely that would be true, but I never heard interest free for that long... More...
Credit cards??
I've never wanted or needed to apply for a credit card in my life. however my fiance and I are planning to buy a flat in the next 6-12 months and realise that I'm going to need to improove my credit (apparently never owing money is a bad thing).
My question is what's the best and safest way to build up credit, are credit cards used as a supplement to debit cards and if you are in credit on your credit card do you earn interest? I know I sound a bit thick but honestly don't have a clue abou...
Robert S:I do not know of a single credit card that earns you interest on a credit balance. That doesn't mean there aren't any. Good luck finding one, but I'm not sure that will count a lot to establishing credit worthiness.
Before creditors lend money, they need to be assured that the funds will... More...
Credit cards??
I dont really no anything about credit cards but i need 10,000 pounds. I have a few questions.
1. how mnay credit cards can you have?
2.when do you pay back the money?
3.how much money can you get from a credit card?
4. is it essentially like getting a loan?
5. I dont really understand where the money is from, i mean does it go into your bank acoount? So can you go take out the money in cash from your bank account?
So then if i need 10,000 couldnt i just get 10 cred...
Unbiased.co.uk:In response to your questions posed on the Credit Cards, I have outlined some thoughts below:
You can have as many credit cards as you wish, however, you may find that the more credit cards you hold retaining a balance upon them, the less likely it is to obtain further credit cards as the... More...
Credit cards?
So I have no credit. I go to apply for a credit card so i can build my credit..but i cant get approved since i have none..anyone know of any credit cards that i could get to help build my credit??...
Jessica P:I would start with a small loan from you bank. Pay off this loan in a timely manner, making sure not to let any payment deadlines be missed.
This will indicate to your bank that you are professional and responsible with your finances. Once you have completed this, you will be in a good p... More...
Credit cards?
I'm going to start college soon, and I'm being told by many people that I should get a credit card and "establish my credit" by making payments on things on time. People have tried to scare me by telling me that if I don't buy a new car or a credit card via a store in the mall, I won't be able to purchase a house in the future, because I "won't have established good credit" and "won't be able to get a loan". My initial reaction is that they're lying to me in order to sell me credit cards, but is...
$m??v? ????:If used responsibly, it's a great way to start building a lengthy and solid history. The trick is to not get in over your head. A credit card should be used for emergency purposes, or if you're able to pay off small purchases. If you're not able to pay it on time, or at all, then it's not a good ide... More...
Credit Cards?
Where can I purchase Credit Cards with preset $300 dollars on them without having to create bank accounts etc. I know that certain stores like CVS sell cheaper ones like $100, but to do my purchases I need to have one Credit Card.
Alternatively, does anyone know where I can buy new computer parts at low prices (as in not insanely high) wand be able to pay with multiple Credit Cards. (I use New Egg, but I need multiple Credit Cards, so hence my question)....
justgenius12:Newegg is definitely the best. If you're in college, I suggest you get a student card (I have one with a limit of $500 and I'm a student). Check http://www.bankrate.com/ for credit card comparison.... More...
Credit cards?
I'm so confused. I"m getting to the age where the option of having a credit card is drawing near.
I've been looking at different cards, but I can't seem to make heads or tails of the terminology. I would love if someone could explain these things to me.
Also, what are your expiriences with credit cards? Any good companies to go with? Should I even get a card at all?...
professor451:Before you do anything, do some research on the credit card industry. Find out the tricks of the trade in the industry. I'm assuming that your younger, probably colllege-aged, correct?
This is where I would start. The first thing I would do is check out the "Secret History of the Credi... More...
credit cards?
3 years ago i got behind in payments on credit cards and got a ccj on one of them after a few months i was able to pay all my cards off in full. would i now after all this time with no debt be able to get a credit card again...
Gerald:Sara -- the key to financial success is to be debt free. Pay all your obligations on time and do that every month for the next 40 years just as I have done. My credit is excellent...... More...
credit cards?
I have a capital one card and I just got anothe credit card that is a visa. This new card isn't a very popular company because I don't have good credit so i was wondering does it still look good that I have credit cards and making my payments? Thanks...
grierGRIER h:This factor carries the highest weight in your credit report. How steadfast are you in repaying your loans, makes your credit report shine. Experts claim that this factor alone accounts for 35% of points in your credit score. So, if you falter on repayment front it is sure to be reflected poorly on ... More...
credit cards?
Is it better to pay a chunk off of my credit card that has a VERY HIGH intrest rate, or completely pay off another credit card and half of another credit card? I have three cards and can pay them all off in a few months, but want to be smart about which ones first....
Brock R:You could always pay off the higher rate card and transfer the balance of the remaining card to a 0% card. Then you will not only be saving money by not paying interest on the high rate card but you will be saving interest from your lower rate card as well by transferring it to a 0% card. I hope t... More...
Credit Cards ................?
How much is too much credit cards?
bank credit cards -and- store credit cards?
and which percentage should i look for to compare cards and see which one is better and has low interest?
any opinion?
thank you guys for all your comments; i will mention a bit more details; i already one card from MBNA (with $150 balance on it) and one from HSBC ($0) -but- i also have cards from kohls ($50), target($50), nordstrom ($0), best buy ($0) and macys ($0). what you guys think?...
Ryan:You can check here:
http://www.edealinfo.com/creditcard/
The most popular ones are Citi Dividend Platinum Select MasterCard and Chase Cash Plus Rewards Visa Card. Both have no annual fees, 5% cash back on grocery stores, drug store... More...
Credit Cards?
My friend and I were thinking about crazy stuff, and came up with he topic of credit cards, and seeing as we are not experienced in credit cards we figured we'd ask for help with a question. I feel like an idiot for asking, but does a credit card cost money if there is nothing on it and you plan to put nothing on it?...
Padrefan:Some cards charge an annual fee, others are free. If you have a zero balance, then there is no fee. If you charge on the card and pay it when the bill comes due, again, no fee. They make they're money off of folks who keep a balance on the card. Interest rates can be anywhere from 6.99% to 31.99% pe... More...
Credit Cards?
I am 20, I have a Visa and Amex which I use for everyday things.I have a store credit card (express) which has been open for about 2 years and I have only used it twice. Should I close it. Yesterday I applied for a Macy's card and got it for 1 purchase. How long should I keep it, if I barely use it? Does it mess up my credit to have credit cards I dont really use?...
northcountry57:actually, as long as you are responsible and don;t run up balances on the cards, it's good to keep them. use them very occasionally and pay them off. having the cards and the unused credit limits on them lowers your total debt ratio, example: you have four cards with a total credit limit of 10,000 a... More...
Credit Cards?
Hi I have a questions here i lived in Singapore and i have credit problems hence all my credit cards applications was rejected. is there anyway that i can apply a credit card? as i need a card for my biz travel...
Waine:check these links, you might even find a better card but there's plenty of advice throughout if you have time to read:
http://credit-cards.ebookorama.com
http://credit.ebookorama.com
http://credit-re... More...
credit cards..??
do you know if i maxed out my card and even maxed it out more than i was aspose to if i pay it back will they give me my credit back,they sent me 2 cards and i thought the credit limit was the same on both i was wrong they shut my card down..can i get my credit back now..??
i am so sorry j@SSon i spelled one word wrong does it make you fell good to cut one others..??
jimmy f all you have to do is at the top of the page their r 3 words ask answer discover click on ask and on the first...
MarineMom:Do you mean that if you pay off your card or pay the minimum amount that you owe on your credit card, will they let you keep using it in the future and take the "hold" off your account? If that was your question, then the answer is YES! Even if you incur over-the-limit charges but you pay those off... More...
Credit Cards?
I am trying to re-build my credit and would like to get a credit card where I can use in the meantime to to book hotels, rentals etc. Pre-paid cards are okay, but I have known some companies not accepting them. Is there also a company that can provide a individual with a card with so-so credit rating?...
bdancer222:You could try a secured credit card but typically these are rather small limits. Hotels and car rentals usually run much larger amounts to test your card available credit and low limit cards could be rejected. That's probably why prepaid cards are sometimes rejected.... More...
Credit Cards?
I'm 26, I make 40K a year. I currently have 4 credit cards with around $3,000 owed on $4,500 limit. My credit card score was 616 last I saw ( a month or so ago). The interest rates range from 8.99% to 18%. I have always heard that you should call you credit card company and ask for a lower rate. How often should you be doing this? How much of reduction in rate should I ask for?...
SPIFIMAN1:Ask them to match the lowest rate you have or you will transfer your balance.
Get your balances below 30% of your credit limit on every card, your score is taking a hit because of your debt to credit ratio being 66.6%.... More...
credit cards?
how do credit cards work?
im 20 yrs old and wanting to get my first credit card. im good at paying my bills and all, i just havnt gone and got one yet. can't you get credit cards through your bank? i have a checking account at monroe bank and trust. what should i do?...
~~kelly~~:all you can do is apply for one, most places will probably decline you since you have no credit, at least i assume you have no credit. I got my first credit card through capital one, they only gave me a 300 dollar limit at first, but as long as you pay your minimum payments on time, they will raise ... More...
Credit Cards?
Could you please provide me with information about the way credit cards work? Do they build up your credit and if so, how? Is it true that one could buy things with credit cards and pay within a certain grace period and not have to pay any interest? This way only one's credit would improve and one would never have to pay more than if one would have purchased items with cash. Thank you for your responses....
Serge M:Yes credit cards can be a great convenience and can build up your credit if used as you describe. There are some variations but most cards do not have an annual fee, and if you pay the monthly bill in full and on time, you avoid paying interest. In effect, you get free credit and build your credit h... More...
Credit cards???
Hello, Im interstead in now looking at different times of credit cards, but Im after a certain one, Im looking for a credit card that will allow me to buy things over the phone and internet, but also doesnt use money that I dont have in there, in other words I want a card without an extarr $1000 that I can spend that ISNT mine, if you get what im saying? is this card called a debit visa or????...
Stephanie J:What you want is a secured Visa. You can get one from your bank. You put so much money in an account and they put a hold on it. Say $500. Then they give you a cc with a $500 limit. You use that card and pay it off just like a regular cc without touching the money in the savings account. If you... More...
credit cards?
i have 2 visa credit cards that i have had for a few years.my credit score is very good and i would like it to stay that way.would it effect my credit score in a negative way if i got rid of the 2 cards and went with one with a lower apr thats offering me a higher credit limit than the 2 put together?...
scoutsagirl:Anytime you open a new revolving credit account (credit card), your credit score is affected negatively. It probably won't be by much, especially if you stay in good standing. Having more revolving credit (a higher credit limit or more cards with limits) is a negative toward your credit score. When ... More...
Credit Cards??
I have a total of 10 credit cards with ranges from $300 to $25,000 limits.. I want to cancel all but maybe 3 or 4 to 5 max of the cards.. Which cards should I cancel? I have heard that if I cancel cards I've had for a long time, that will hurt my credit score. Please help!
1 card with $25,000 limit
1 card with $10,000 limit
1 card with $7,500 limit
1 card with $3,000 limit
1 card with $2,000 limit
1 card with $1,500 limit
1 card with $1,000 limit
1 ...
vanessa_page_2004:Do you have any balances on the cards? If so, move the balances to the cards with the lowest interest rate and cancel the higher ones. (Also, if you are an American, try calling your credit card company and ask them to reduce your rate of interest).
Logically, you should keep the cards wi... More...
Credit cards???
Hello, Im interstead in now looking at different kinds of credit cards, but Im after a certain one, Im looking for a credit card that will allow me to buy things over the phone and internet, but also doesnt use money that I dont have in there, in other words I want a card without an extarr $1000 that I can spend that ISNT mine, if you get what im saying? is this card called a debit visa or????...
likepepsi:A debit card can do what you describe, but buying with a debit card does not give you the same protections as you get when you use a credit card.
You want a prepaid credit card like this one: http://www.u... More...
credit cards?
is there any credit cards that you qualify for once u turn 18 and dont have any acounts in ur credit history? because im trying to build my credit score... please let me know any store that gives u credit card. thanks!!!...
abel jarrod:A guaranteed approval credit card are often used by those who have a bad credit history and are unable to obtain a normal credit card. But a great benefit of these types of cards is that will help to improve your credit rating as well as providing you with the benefits that a normal credit card has ... More...
credit cards!!?
I don't have any credit and wont get excepted for credit cards. How are you suppose to get your credit up if no one even offers you a credit card....
nvention:You can get a credit card even with no credit so long as you meet the minimum criteria. Usually you need to have the same employer and residence for 6 months - 1 year. Make sure you don't have any phone bills/utility bills that have late payments or are in collections. If you do that, and you're ... More...