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Credit card/bank account? Looking forward to opening a checking or savings account but I would also like a credit card.?

I was wondering if I could open an account and get a credit card or do I have to apply separately for that?

I would like my money to be safer but at the same time have access to it. I currently have a checking and a debit card but I don't like how often transactions that I have not made have appear on my account. It makes me not trust my bank and would like to change.

Can I do direct deposits on a credit card or do I need 2 different accounts?

Thanks for the advice and help.

3 Answers

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  • 6 years ago

    What do you want exactly? do you need a credit card? if you have a steady income and reasonable credit score, you can apply for any credit card you like even if you don't have an account at that bank.

    do you want to put your money in safe place but it is not that much so you will be using it? go and open a checking account in a reputable bank, Bank of America is great and so is Chase and a lot of banks that you can totally trust inside USA.

    Do you want to save money? you have several options, you can open a saving account in a regular bank which gives a very low interest rate (0.01%) or something like that. or an online bank such as Ally bank or GE bank which gives higher rate (1.05% for GE and 0.99% for Ally) but all of these options is not as good as you think because of the inflation rate which is higher than the interest rate. in English it means that the real value of your money will go lower each year more than the interest it earns. if you really want to save money and in the same time making earnings that can offset the inflation rate each year, start educating yourself and think seriously about stock investing. consider a roth IRA account "if you are eligible for one) as you will have a full access to withdraw your money "not the earnings though" anytime, while your earnings will grow tax exempted (unlike saving account, you have to pay taxes on your interest earned). or if you are not eligible to Roth ira, try considering a brokerage account.

    You don't really need to be a finance expert to invest in the market, just open an account with a low fees company such as vanguard, and choose a mutual fund (which is diversified already) and put your money in it.

    you may need to start reading a lot though before doing that to be aware of the risks and benefits.

    Source(s): I have been extensively educated myself and research for over 3 months
  • ?
    Lv 7
    6 years ago

    I use Bank of America. They offered me a Bank of America credit card when I opened my account.

  • ?
    Lv 4
    6 years ago

    Usually apply separately. But when I started college, they just gave me a credit card... with my account.

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