| Looking for some credit card advice |
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mayhoo
First Time Poster
Cash: $ 0.25
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| Looking for some credit card advice |
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I’m looking for some advice with credit cards. I’ve recently signed up for credit card that seems to me to be a really good offer ( a buddy told me about the site I got it at- [url]http://www.chmholdings.com[/url]) it’s a 0% intro APR and is a student card. My question is this: what tips do you have to be a responsible credit card consumer? I’m new to the whole credit card thing, and kind of nervous about the whole debt and identity theft issues. Just curious to see what tips you guys would have.
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Mon Aug 14, 2006 12:02 am |
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coaster
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Responsible credit card consumer: don't charge any more than you can pay off each month; do pay off the full balance each month; never be late with your payment; understand the terms of your account agreement.
Identity theft? Don't write your CC account number on your checks; don't throw your statements out in the trash; don't give out your account numbers on the phone or on the internet unless you know and trust the other party; review your statements every month for discrepancies; monitor your credit reports.
Good luck and happy spending!! (responsibly, of course  )
~Tim~
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Mon Aug 14, 2006 12:44 am |
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Kiaser
Senior Member
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Joined: 12 Apr 2006
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| Re: Looking for some credit card advice |
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quote:
Originally posted by mayhoo
I’m looking for some advice with credit cards. I’ve recently signed up for credit card that seems to me to be a really good offer ( a buddy told me about the site I got it at- http://www.chmholdings.com) it’s a 0% intro APR and is a student card. My question is this: what tips do you have to be a responsible credit card consumer? I’m new to the whole credit card thing, and kind of nervous about the whole debt and identity theft issues. Just curious to see what tips you guys would have.
It's not difficult to use responsibly, just pay it off in full at the end of each month. A credit card should not be considered a way to live beyond your means (because it enables you to charge to it more than you can pay in a month and carry the balance). Just because you can do that stuff doesn't mean you should. Treat it as cash or an ATM card, only put on it what you already have money for and you'll be fine.
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Mon Aug 14, 2006 2:45 pm |
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Greer
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1. Pay your monthly bill in full in order to avoid interest charges
2. Check your bill each month for any purchases that seem out of the ordinary.
3. Know how much you can afford to put towards your bill each month and spend accordingly.
Greer
Product Researcher
www.thecreditcardguide.com.au
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Thu Dec 10, 2009 3:36 am |
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muaz alwi
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Make sure that every use of debts incurred by credit card and pay more than minimum payment each month. Use prudently according to your ability
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Sun Dec 13, 2009 1:03 pm |
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tanmaysnv
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Location: Indore
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make sure you have a good credit rating before applying for a credit card, as many providers have tightened up their lending policies. Be warned though, even a good credit rating may not guarantee card acceptance. 
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Mon Jan 25, 2010 7:30 pm |
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C9Consulting
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my advice:
1. Read the fine print, always
2. spend less than you make
3. spend wisely
4. pay your card in full, which will always happen if you adhere to #2. 
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Wed Jan 27, 2010 12:18 am |
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justin
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quote:
Originally posted by Greer
1. Pay your monthly bill in full in order to avoid interest charges
2. Check your bill each month for any purchases that seem out of the ordinary.
3. Know how much you can afford to put towards your bill each month and spend accordingly.
Hi,
Yes, all these three points are necessary to keep in mind and one have to be aware of it so that to keep an update of everything which will make you spend accordingly.
Thanks
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Sat Mar 06, 2010 10:58 am |
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AlFromLA
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best tip i can give to be a creditcard consumer is not to spend more than what you need.
Creditcards, along with cash advance loans and payday loans are all unsecured type of debts with potential high interest rates. Sure right now your card may have only 0% APR but once you default on a payment then the APR can jack up as high as 30%.
Remember creditcards resemble a money you don't have which means debt. So put a grip on your debt from early on and don't spend beyond your means and income.
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Tue Mar 09, 2010 1:15 am |
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Creditnet_com
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My advice for students or other consumers just starting out with credit cards is to spend well below your means on your card. Only charge groceries or gas to the card until you've gotten used to paying each month in full and on time. If you do happen to accidentally pay late, then interest charged to you will be hopefully not too significant because your balance isn't too high.
Also, if you get into the habit too early on of charging everything and anything, spending can easily get out of control, especially if you're new to credit.
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Wed Mar 10, 2010 3:24 pm |
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Elmira Nancy
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The most important credit card debt relief comes in the form of de-stressing you. Everyone knows about the harmful effects of stress; so, if credit card debt relief means postponing your purchases for later, you should do so. There are no goods out there that can give you as much joy as credit card debt relief can. Besides postponing the purchase of your favorite goods, there are few more things that you need to bring into practice in order to get credit card debt relief.
Here are the top 5:
1. Plan your expenses using a monthly budget
2. Do not buy anything that you don't need
3. Do not go for too many credit cards (just one or two should be sufficient)
4. Always make full payments of your credit card bill and do it before the due date
5. Never use more than 60-70% of the credit limit available to you.
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Sat Mar 20, 2010 3:57 am |
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Creditnet_com
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You should always stay well below 50% of your credit limit! Otherwise, you risk hurting your FICO credit score. Maxing out your credit (or even consistently using more than 50%) can lead lenders to believe you're a high credit risk because you're relying too heavily on credit. Our rule of thumb at Creditnet.com is to use around 30% of your total credit limit each month and pay off in full, on time.
Creditnet.com: Credit FAQs, blog and more
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Mon Mar 22, 2010 1:35 am |
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Melanie
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I have been reading some of the comments on this thread, but wish I would have done it in my year out of University when I decided to get my first credit card...
My 3 credit cards almost ruined me  Thank god for my debt management plan!
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Tue Mar 23, 2010 12:05 pm |
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