New Credit Card

mytight95 · Jul 12, 2005

fushnicken said:
Don't do it!!! Been there before. Totally agree with Slo65.

When I got my first credit card (Citibank) I bought a bunch of parts for my 460 project that I was working on for my 82 coupe. Of course I couldn't really afford it.

To make a long story short, I no longer have that engine or the car and it took me years to pay off the balance and interest. It was a total net loss from my perspective. Now I only buy stuff on credit when I know I can pay it off by one or two billing cycles max.

I love credit card companies and there little subliminal, yet obvious slogons. "Live richly" Gee I wonder what message Citibank is trying to send to its young card holders.

If you want good credit, you should buy stuff that you can completely pay off in full on your next bill. You shouldn't be able to get into too much trouble with $500. When you work your way up to 1K-10K credit lines you start opening up the potential for serious problems.

Buy some pulleys, then pay them off. Buy an intake, then pay it off. My .02, don't go crazy and try to buy everything at once.

preach on brother......lol been there done that.... that is why i pay for all my little projects for the car with cash, and my car is paid off, so i just use my old car payment money, and buy the stuff iwant..... sometimes it takes a little longer but oh well..

jason

Redsnk95 · Jul 12, 2005

I got my capital one card 10 years ago when I was 15, parent co-signed at the time. Been using it for awhile to help myself build credit, I think its limit is up to 7K right now. I've never missed a payment and majority pay the balance. This has really helped me over the years.

Troy

mytight95 · Jul 12, 2005

will be a big help when you want to buy a house...... believe me...

jason

sKyZ · Jul 12, 2005

i'm 19...got a creditcard to bestbuy 2 days after my 18th birthday.. it's maxxed... had a 3200$ limit..

but trust me, I have the hottest system for a car around..lol

yeah, take the card and put it in a shredder.

mackey · Jul 12, 2005

Where are you guys applying for these credit cards?

stang_dan · Jul 12, 2005

and this is how people get into debt bad!!!! i like the advice of if you dont have the moeny to buy it your self dont use the card.. i maxed out a 1000 card on 2 rims for my old car and it took a while to pay off but i forced my sell too. plus all the other crap ive fianced over the years and payed off i have better credit than most thirty year olds and im only 21. my mom did morgages and pulled the score before for me and she said it was real good.
just be careful it racks up fast and bills s*ck
good luck
dan

96darkhorse · Jul 13, 2005

i think we all know how credit cards work and what the consequences could be if we dont use them correctly, we all know that...i dont think this guy needs to hear this....he asked what could he buy with 500 dollars....if your a responsible human being and a have a good/decent paying job than you will be fine, manage your spending....i would buy an intake and some pullies AND if you dont need your a/c and smog pump, give yourself a free (almost) mod, run a shorbelt...i felt a difference when i did this

91LX_5L · Jul 13, 2005

woohoo im up to $5,000 now I got mine when I turned 19...20 now.

Scootro · Jul 13, 2005

credit cards are the devil.................get away fast........runnnnnnnnnnnn......

Methodical · Jul 13, 2005

FYI. To avoid late payments setup an online account with the credit card company and make payments online. You can usually make payments the day it's due by or before a certain hour but be sure to read the payment agreement. You no longer go the snail mail route, eliminate postage and going to the post office and trying to time the mail (process is no different than ordering online) and end up being one day late, or at least that is what they say - who knows, they could be directed to not process the payment until a day late to f...........k you. I don't trust those fu.........ks. One Man's Opinion. Peace

DJHA90 · Jul 13, 2005

Watch out for the ZERO percent interest offer. They let you move all of your other CC balances over to it. What they dont tell you (or tell you in very small type) is that if you charge anything to the card (which will be at the normal interest rate), any payments you make is applied to the Zero Percent balance -- leaving the new purchases to churn up interest.

New Credit Card

mytight95

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mytight95

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mackey

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stang_dan

96darkhorse

91LX_5L

Scootro

Methodical

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