A few question nearly credit cards?
I was thinking of getting a credit card ..but previously i do i have a few question and i am hoping someone will be able to abet me.
I was thinking of starting next to a credit card of a limit of $500 single ( this is the lowest credit card limit my sandbank has) so i was wondering if it sounds similar to a good credit card..it have
no rewards.
$48 annual fee.
55 days interest free term.
12.99 % p.a on both purchases and cash advance.
after the 1st may 2008 cash advance will increase to 18.49% p.a
If that is not moral, then if i be to go beside an other bank for a credit card, would i requirement a regular bank card next to that bank contained by order to achieve a credit card with them?
Also, whats the difference between purchases and dosh advances?
an additional question, if i retribution on time respectively month the interest will not affect me right?
Im so clueless about this.I'd appriciate a ably detailed answer =].
Answers: NOOOOOO. Dont EVER get a card that charges you a excise. A good credit card would be the connection below:
http://www.chaseinformation.com/dynelpmc...
purchase are just that (buying at the store etc), getting a brass advance is getting lolly from the credit card (dont do this since they always charge big fees). If you take-home pay in FULL every month, next you will not get charged interest.(you still want to go and get a card with a low interest of late in bag you dont pay within full that month)
1st off you don't find to pick your credit limit, the dune does but for your first card the limit will probably be low.
12.9% is a moral intrest rate but the card may be harder to qualify for.
there are lots of cards out within with no annual payment. so that seems illustrious to me.
most cards only set aside 20 to 30 day grace time for purchases so that is excelent
yes if you remuneration off completly inside the grace period you will avoid intrest charges.
the 55 afternoon grace period woud sort the annual fee worth it if you wage off within time each month.
change advance would be if you use the card to get hold of cash from an ATM or bank clerk and always take a higher rate.
moral luck
I do not want to sound obnoxious about this but frankly here are millions and millions of people basically like you that should not hold credit cards. They are taking this country down a really nasty road. Here's the piece, if you do not know the answers to these questions you should not enjoy a credit card. Please do yourself a favor and get adjectives before you do anything else, and by nurture I do not meanagainst this site. I mean tell to the bank offering the card and after talk to another and another. Check near a credit union also and consider chitchat to a store that offers a credit card for comparsion sake. You'll swot up what you need to spawn the right desiosn. I will give you a tip though, never, ever foot a credit card company for th "prilvegage" of carrying their card unless its American Express. You won't have the credit history to bring one of those for a while. Also see the jump from 12.99% interets to 18.49% theres a grounds they are doing that, and its becuase they are counting on you to not be able to pay envelope and they make their income bad from interest. Please think cautiously before you feat..
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I was thinking of starting next to a credit card of a limit of $500 single ( this is the lowest credit card limit my sandbank has) so i was wondering if it sounds similar to a good credit card..it have
no rewards.
$48 annual fee.
55 days interest free term.
12.99 % p.a on both purchases and cash advance.
after the 1st may 2008 cash advance will increase to 18.49% p.a
If that is not moral, then if i be to go beside an other bank for a credit card, would i requirement a regular bank card next to that bank contained by order to achieve a credit card with them?
Also, whats the difference between purchases and dosh advances?
an additional question, if i retribution on time respectively month the interest will not affect me right?
Im so clueless about this.I'd appriciate a ably detailed answer =].
Answers: NOOOOOO. Dont EVER get a card that charges you a excise. A good credit card would be the connection below:
http://www.chaseinformation.com/dynelpmc...
purchase are just that (buying at the store etc), getting a brass advance is getting lolly from the credit card (dont do this since they always charge big fees). If you take-home pay in FULL every month, next you will not get charged interest.(you still want to go and get a card with a low interest of late in bag you dont pay within full that month)
1st off you don't find to pick your credit limit, the dune does but for your first card the limit will probably be low.
12.9% is a moral intrest rate but the card may be harder to qualify for.
there are lots of cards out within with no annual payment. so that seems illustrious to me.
most cards only set aside 20 to 30 day grace time for purchases so that is excelent
yes if you remuneration off completly inside the grace period you will avoid intrest charges.
the 55 afternoon grace period woud sort the annual fee worth it if you wage off within time each month.
change advance would be if you use the card to get hold of cash from an ATM or bank clerk and always take a higher rate.
moral luck
I do not want to sound obnoxious about this but frankly here are millions and millions of people basically like you that should not hold credit cards. They are taking this country down a really nasty road. Here's the piece, if you do not know the answers to these questions you should not enjoy a credit card. Please do yourself a favor and get adjectives before you do anything else, and by nurture I do not meanagainst this site. I mean tell to the bank offering the card and after talk to another and another. Check near a credit union also and consider chitchat to a store that offers a credit card for comparsion sake. You'll swot up what you need to spawn the right desiosn. I will give you a tip though, never, ever foot a credit card company for th "prilvegage" of carrying their card unless its American Express. You won't have the credit history to bring one of those for a while. Also see the jump from 12.99% interets to 18.49% theres a grounds they are doing that, and its becuase they are counting on you to not be able to pay envelope and they make their income bad from interest. Please think cautiously before you feat..