I am thinking of getting a credit card... What do you think?

It's not a bad idea. You've already got the right idea about how to use it correctly.

Start with the bank where you have savings or checking account. Or - go to a card's website - citibank or capital one etc.

It's definitely good to want to build credit, but you have to be real careful with credit cards. If you get one, really try to pay it off every month. Otherwise, you will have to pay the amount + interest fee (usually around 15-20%/month for a new holder). This will add up and is why people get really far in debt and it will also damage your credit.

If you have a bank account with some extra money, what you might want to do is get a debit/credit card linked to your bank account-- it will work just like a real credit card (and will have a Visa or Mastercard logo, but you won't have to worry about paying interest every month and it is free of fees. Or you could open a Paypal account and get a Mastercard debit card through them (free and works the same way but just takes money you spend out of your account-- plus it actually gives you some money back on cash purchases. (check out http://www.paypal.com/ ). The bad thing is you won't build credit by doing these ways.

If you want a real credit card, http://www.usbank.com/ is a site that gives you a lot of flexibility and options on what to get, and younger people can get them. There are a bunch of other companies though, so it doesn't hurt to look around. Just remember to make sure you read the conditions though, and pay your bill off every month-- or you'll regret it later!

Hope this helps and good luck...

If you are looking for a credit card for bad credit, there are many options to choose from. The two main types of cards available are either a secured credit card or an unsecured credit card for bad credit. Both types of cards can help you repair your credit by giving you an opportunity to establish a good payment history. The costs and fees associated with each type of card are very different, however. In addition, depending on how bad your credit is, whether you have sufficient income and other personal details, you may only qualify for one or the other.

First let's look at the secured credit card for bad credit. A secured credit card requires that you deposit money with the issuing bank, and the bank will issue a credit card in the same amount for your use. Secured cards are guaranteed to be approved, because the bank has your deposit money in case you do not pay your balance. A secured credit card for bad credit operates much like a regular credit card. You receive a monthly statement, and you pay your minimum monthly payment or the balance in full each month. You are charged an interest rate, annual fee and possibly other fees for a secured credit card account. Apply online at: http://www.credit-card-gallery.com/Guaranteed_Appr...

I'm not sure if you guys have Virgin Money over there but that's the one I use here in Australia. It's got no annual fee, 55 days interest free and an interest rate of 12.99%. I think it's pretty ok because I make sure that I pay the bill in full and on time. So I don't get charged interest and neither do I have to pay an annual fee.

Based on what you mentioned, I think you should be looking for a card that has:

1. no/low annual fee (be careful of some cards where they waive the annual fee on the first year then it comes to bite you in the *** in the subsequent years)

2. interest free days

And make sure that you pay the bill in full and on time. Otherwise it defeats the purpose of getting a good credit rating.

It is certainly a good idea to begin building your credit as soon as you become a legal adult, and it sounds like you understand that it is not a free source of extra money for you to spend. Where ever you bank would be the best place to start, and remember to only use about thirty percent of the face amount of the credit limit given to you on the card.

Yes, it is a good idea to start building your credit early. Also open a bank account and pay your bills on time. From http://www.acreditlibrary.com/buildcredit.html

I would get on from orchard bank, ,they help people start credit