Starter Credit | TigerDroppings.com
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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3591 posts

Starter Credit

Received my first card. Small credit limit, and I'm OK with that as I have barely any existing credit.

I've got a card with no annual fee, no APR for 12 mos, an APR of 13% after 12 mos, and I get 1.5 travel points per dollar.

Everything seem competitive before I activate this little bugger?


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1662 posts

re: Starter Credit
For a first card I would have no complaints with what you mentioned. My first card had a $29 annual fee, $200 limit and I had to put a $50 deposit down just to get the $200 limit.


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mglsu21
LSU Fan
Prairieville
Member since Jun 2012
883 posts

re: Starter Credit
quote:

Everything seem competitive before I activate this little bugger?


Take that deal and run with it!


Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3591 posts

re: Starter Credit
Good to hear. I am now a true American with outstanding debt.

To piggyback my own thread, which is totally legal, what is the typical conversion ratio between travel points and dollars?

For example: What is your rough estimate of how many points you need for a $500 plane ticket?


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1662 posts

re: Starter Credit
quote:

For example: What is your rough estimate of how many points you need for a $500 plane ticket?


I am going to say anywhere between 10,000-15,000 points.


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Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
21807 posts

re: Starter Credit
Points are usually, at a minimum, worth a penny.

I don't know what card you have, so that may not be the case.
This post was edited on 11/14 at 10:25 am


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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
42940 posts

re: Starter Credit
Sounds like a great starter card but like Teddy pointed out... all points are not equal


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Turkey_Creek_Tiger
Louisiana Tech Fan
Member since Dec 2012
12339 posts

re: Starter Credit
The APR on my first Credit Card was around 26%, but it doesn't matter how high the APR is if you pay the statement off in full amount each month like I did and still do.
This post was edited on 11/14 at 12:21 pm


Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3591 posts

re: Starter Credit
Yeah, and the limit isn't anything I shouldn't be able to cover. Funny how that works out isn't it??

It's a Bank of America card, so not sure how the point system compares to other carriers...


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LSU6262
LSU Fan
Member since Jun 2008
2422 posts

re: Starter Credit
quote:

Bank Of America


quote:

what is the typical conversion ratio between travel points and dollars?


1 penny per point

quote:

What is your rough estimate of how many points you need for a $500 plane ticket?


50,000 points


Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
3591 posts

re: Starter Credit
quote:

LSU6262


6262 is good at math.


LSU6262
LSU Fan
Member since Jun 2008
2422 posts

re: Starter Credit


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