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Thinking about getting a credit card for the first time
Posted on 5/12/22 at 3:41 pm
Posted on 5/12/22 at 3:41 pm
I’ve always had a Debit card/checkbook from my bank. They use Visa and I was looking to stay along that line. I don’t spend much money and my credit is outstanding. My bank has told me I can get a loan anytime I want and don’t need a pay stub to show either.
Looking for some advice. Just something I can use if I’m short on money at times.
Looking for some advice. Just something I can use if I’m short on money at times.
This post was edited on 5/14/22 at 8:47 pm
39
Posted on 5/12/22 at 3:42 pm to Pisco
quote:
Just something I can use if I’m short on money at times.
If you are short on money, don't get a credit card
Posted on 5/12/22 at 3:43 pm to Pisco
Get one with rewards if you’re gonna get one.
Posted on 5/12/22 at 3:43 pm to Pisco
Buy now, pay more than you should later. The American way!
Posted on 5/12/22 at 3:43 pm to Pisco
quote:
Just something I can use if I’m short on money at times.
Not really the best way to look at it. You'll always find a reason to justify being short. (Maybe not you, but the general population leans that way).
Credit cards are great for using the rewards system and building your credit. If you're using it as a safety net...there may be other routes you want to walk down first.
Posted on 5/12/22 at 3:44 pm to Pisco
Check around and see what you can get the most cashback with. I use Discover exclusively and pay it off every month. I get 1% cashback on every and they run different offers where you can get 5% back on gas, grocery purchases, amazon, etc.
ETA: when I was poor I used it when I was short on cash and that's not the way to use it. You end up trying to pay it off quickly but then you have to use it again because you're short on cash from trying to pay it off.
ETA: when I was poor I used it when I was short on cash and that's not the way to use it. You end up trying to pay it off quickly but then you have to use it again because you're short on cash from trying to pay it off.
This post was edited on 5/12/22 at 3:46 pm
Posted on 5/12/22 at 3:45 pm to Pisco
My wife and I use our American Express cards for everything. The reward dollars just build and build. I pay it off every Friday morning no matter what.
Posted on 5/12/22 at 3:45 pm to Pisco
If you are paying your full balance every month, what would the downside to using a credit card be? Considering the rewards/points you earn, what is the possible downside?
Posted on 5/12/22 at 3:46 pm to Pisco
quote:
My bank has told me I can get a loan anytime I want and don’t need a pay stub to show either.
Posted on 5/12/22 at 3:46 pm to Pisco
We charge everything on our card for the points but I wouldn’t recommend it for when you’re “short on money”
Posted on 5/12/22 at 3:46 pm to Pisco
Everyone on the OT has AMEX Black Cards
Posted on 5/12/22 at 3:47 pm to Pisco
Use it when you make tGroceries
Posted on 5/12/22 at 3:48 pm to Pisco
Learn how to manage your money
Posted on 5/12/22 at 3:49 pm to Pisco
It's dumb to not use a credit card for every purchase if you're financially responsible enough to pay it off every month.
Credit cards have better security and it's much easier to dispute fraud. And every card has some kind of rewards these days.
I trust Frank Abagnale a lot more than Dave Ramsey.
Credit cards have better security and it's much easier to dispute fraud. And every card has some kind of rewards these days.
I trust Frank Abagnale a lot more than Dave Ramsey.
Posted on 5/12/22 at 3:49 pm to Pisco
As someone who was young, dumb, and ran up credit card amounts... don't do it if you're impulsive like me lol
Posted on 5/12/22 at 3:50 pm to Indefatigable
quote:
If you are paying your full balance every month
OP wants his credik card for when he doesn’t have enough money, aka he wants to enroll himself in credik card debt
Posted on 5/12/22 at 3:50 pm to Pisco
Buy one that has rewards for something you value. Travel, cash back, whatever.
Use it like you use your debit card and pay it off each month. There is no reason to use a debit card.
Use it like you use your debit card and pay it off each month. There is no reason to use a debit card.
Posted on 5/12/22 at 3:51 pm to StanDarsh
Platinum
I’m OT Poor and that $700 annual fee is getting out of hand
I’m OT Poor and that $700 annual fee is getting out of hand
Posted on 5/12/22 at 3:52 pm to TDsngumbo
quote:
Buy now, pay more than you should later. The American way!
Or buy now and pay it off every month. Great way to build (or sustain) good credit.
Posted on 5/12/22 at 3:53 pm to Pisco
quote:
Looking for some advice. Just something I can use if I’m short on money at times.
Bad idea. If you're short on cash you want to avoid the credit card altogether. Use it with the money you do have to build credit, and pay it off in full every month.
I have seen too many friends and family do it wrong and it ends up in disaster. Just my two cents.
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