Student Credit Cards

[mikeyboc 10+ year member]

Oh I am definetly responsible when it comes to money, car audio spending is the exception //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif, but anyways...
I will be paying off my balance in full every month.

I just hate that when you see something at a really good price but you can't purchase it right then because your paycheck won't come til Friday...

example, I saw a ridiculous deal on a pair of 10w6v2's (only 265+shipping... totally legit!) but I didn't have the $265 on me.

Of course I have the money now but that deal is loongg gone.

Your best bet would just be to save cash for when you came across deals that you wanted. In essence it works the same as a credit card would, but instead of paying back a company at an insane interest rate, simply replenish your savings.

That is more or less the way I have things set up, and it has worked great so far. To each his own though.

 

[cpierce 5,000+ posts]

I have a CC for emergencies only....

Cash and Debit Card FTW!

 

[nVRuckus 5,000+ posts]

Im still paying off my card from college, that with a student loan, mortgage and car payment sucks *** //content.invisioncic.com/y282845/emoticons/frown.gif.a3531fa0534503350665a1e957861287.gif

 

[cpierce 5,000+ posts]

I think a lot of people fvck up the first time they get a CC

 

[noob with an RS 10+ year member]

whatd u buy?

 

[noob with an RS 10+ year member]

i went to see a dude from my bank (lol iunno what those people are called.. counselors?) about obtaining a credit card and he told me i should apply for a student CC. im waiting til summer is over to apply cuz you have to be in school full-time to be approved for one.. i plan to use it mostly to pump gas and pay off the bill in full at the end of the month.. just to establish credit. my question is if i spent 50 dollars on gas one month, i would just have to pay 50 dollars at the end of the month right? so the only time i would be paying more than 50 dollars is if i dont pay it in time? meaning theyll start charging me a certain percentage of 50 dollars on top of the 50 dollars if i havent paid on time?

 

[cpierce 5,000+ posts]

i went to see a dude from my bank (lol iunno what those people are called.. counselors?) about obtaining a credit card and he told me i should apply for a student CC. im waiting til summer is over to apply cuz you have to be in school full-time to be approved for one.. i plan to use it mostly to pump gas and pay off the bill in full at the end of the month.. just to establish credit. my question is if i spent 50 dollars on gas one month, i would just have to pay 50 dollars at the end of the month right? so the only time i would be paying more than 50 dollars is if i dont pay it in time? meaning theyll start charging me a certain percentage of 50 dollars on top of the 50 dollars if i havent paid on time?

Yep...so do whatever you can to pay the bill when its due

 

[Shyne151 10+ year member]

I got a capital one card when I moved away to school... I put usually 200-300bucks a month on it. But I always pay it off so I don't have to pay interest. Capital one cards are easy to get also.

 

[mikeyboc 10+ year member]

whatd u buy?

The more appropriate question would be what didn't I buy.

 

[noob with an RS 10+ year member]

hey one more question:

when i go to my bank's web page to apply for a student credit card one of the first things it asks me is AMOUNT TO BORROW.. what am i suppose to put for this field? i dont plan to use the credit card for big amounts although it would be nice to know that i have a fat limit but im not too concerned with that.. what kind of figure should i put under amount to borrow??

 

[turn it up 10+ year member]

What is the advantage of having student card anyways? Their APR is less than 10%? I never applied for one, I just went straight to the consumer one. I think if you have a tax paying job most credit company will approve you anyway. The trick is to get one and keep a small balance on it but never late payment. Eventually your credit build up fast. Then get a couple more and do the same but dont cancel your oldest one you kept.

Credit cards arent bad if you have some self-control. I regret not trying to get one sooner to build up my credits.

 

[noob with an RS 10+ year member]

my banks APR for student platinum CC is 13.5 % .. is that horrible? the APR doesn't matter as long as i never pay late, right? what should i put under AMOUNT TO BORROW when i apply???