Is it time for a Credit Card?

Question

I'm 18 and I'm starting College in a couple months. I've been wondering if maybe a credit card would be a good thing to have. I just want one. And I won't use it to abuse it. If anything I'll use it to put gas on and pay it off in two weeks or at the end of every month in full. Just so I'm using it. I just don't know what all I need to do. I have some Ideas of what cards I want but I don't know how to go about it. Will I need a co signer? I make around $900 - $1100 a month. As of right now all I pay is part of my phone bill and gas in my parents car. Or until they let me get one of my own. I just would like some good info about credit cards and how everything works. I would get a line of credit but I just changed jobs and my cu won't give me a line of credit until I've been employed there for 6 months.. But I've had a job for over two years. So they know I get money. But I want to way to start building credit. Any tips? Thanks!

Ninja · Answer

I would suggest getting a debit card instead, less temeptation, no hassels. I am not sure how exactly you get one, but I think it is the better choice. You put the money on it instead of the bank loaning you some out. since you have the money to pay off the card, then you would probably have the money to put money on a debit card.

Your money, no payments. Much easier and less stress :)

Thor · Answer

Talk to the bank you are with right now. Since you are a student you should be able to get one, especially if you have a job. The only real tips are to avoid any fees for having it (annual fees, membership fees) and bear in mind you do not need to use it to build credit history.

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Is it time for a Credit Card?

2 Answers