Hi. I am 21 and a college student. On a recent trip to the bank, they told me that I should apply for a credit card and start building my credit NOW. Because I rarely need to use a credit card, is it still possible for me to build my credit without using the card that much?
RE: Credit newbie...please hel They're right, you should start building credit... Get a card, use it constantly, even if you don't charge a lot on it... Use it for some of your expenses and pay it off each month. Basically it's the same thing as using cash but it will build your credit at the same time Just take care and don't get into troubles, LOTS of students don't know what to do with credit and hurt themselves
RE: Credit newbie...please hel Yes it is and in this day and age, good credit is a must. I would take accept the card and use it on small "neccessities" not conveinces. Then make sure that you pay the balance ON TIME. Before you do, read all the literature carfully. Most companies offer a real attractive low interest rate which is only valid for a short period of time, after it wears off you'll be slapped with a high APR. Again, good credit is a must. All you have to do is scroll down and see the difficulty others are having because lack of, or because of poor credit. Good luck
RE: Credit newbie...please hel I do disagree with Sorin. Having the card is building good credit. By all means pay it off in a timely manner, but if you don't want to use it often then don't. Even occasional use will build your credit bureau. Credit report report the following: Credit Limit, highest amount owed, and payment history, they DO NOT report how often you use a card!
