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I'm thinking about getting a credit card, I have a job, in school, and 19 years old, any advice?

I don't have any bills to pay, except a cell phone bill. And I'm sure I'd be able to keep up with the bill, any advice on what to look out for and what company to go with?

Asked By: lilkitt - 2/26/2007
Best Answer - Chosen by Asker
Maintaining a high credit score is so important. You qualify for lower rates on loans, mortgages, even insurance premiums. But, it is hard work and requires disciplne. It's easy to get a low score and it takes years to repair your credit... More
Answered By: Chef dad - 2/26/2007
Additional Answers (23)
Don't do it.
Answered By: kingsgirl - 2/26/2007
 
Really... Just make sure you keep up on how much you owe. Dont make the minimum payment. Pay in full as much as you can. I have many friends in debt.... Be very careful Good luck Jake
Answered By: Jacob D - 2/26/2007
 
dont do it.
Answered By: jedi1medic - 2/26/2007
 
Capital One.
Answered By: hollie_c_sharp64012 - 2/26/2007
 
get one but you must pay off ur bills right away. this way u build credit without any problems
Answered By: micro52000 - 2/26/2007
 
Don't do it. I got one and was able to keep up with the bill. I thought the same thing. I won't have any problems. I'll only keep it for emergencies. Didn't happen now I'm in debt!
Answered By: chrihutch - 2/26/2007
 
dont get into debt, its very hard to get out again!!
Answered By: SCOTT B - 2/26/2007
 
I have a credit card, but I pay it off every month. I'm very organized and record every transaction, etc. If you get a credit card, I recommend paying it off every month and never "spending" more than you make... More
Answered By: Alskarinna - 2/26/2007
 
don't use a credit card for regular purchases at your age, b/c you tend to let it start building up. Only get one to use for emergency purposes. And always use for 6 months during 0% intruductory rate, then get another one at 0%.
Answered By: Hello,is there anybody out there - 2/26/2007
 
i would tell you, if you do a get a credit card go with a student card, like from capitla one. They are really good with interest rates and good with reporting it to your credit. On the other hand don'y missuse the card. Only buy things like plane tickets, hotels or major purchases, not misc stuff like clothes and... More
Answered By: mama - 2/26/2007
 
i think you should get the credit card just make sure to use it for necessary things and dont use it just because you feel like it. Make sure you use it wisely. i think a good company would be US Bank. i heard they have low interest rates and good plans. hope my advice works! =]
Answered By: Liz - 2/26/2007
 
do what i did, i'm turning 20 on wednesday. my first credit card was one that i got at my favorite store, target. I got a target visa, but i had the option of being able to use it everywhere, like a regular visa or just to be able to use it at target. i chose to just use it there. you could get a wal-mart card or... More
Answered By: lillucy1987 - 2/26/2007
 
Be aware of the interest rate. Sometimes banks give you a low interest rate the first year, and the rate jumps up to 22% after that (or something similar). That's just crazy. So my advice to you, if you do end up getting one, pay it off as fast as you can, and you won't have to face any interest charges and your... More
Answered By: klavdiyam - 2/26/2007
 
I would suggest a debit card. It is easier to use, and you avoid getting in serious debt. Go to a bank and ask about payment methods and different options.
Answered By: freespirit05052 - 2/26/2007
 
DON'T DO IT
Answered By: theboygary06 - 2/26/2007
 
Yep....I'm with the 1st guy. You may intend to only use it for certain purposes, but I used to work at an advice centre where people came with debt problems... More
Answered By: lou b - 2/26/2007
 
a lot of people start a credit card with their bank but i suggest a company that has a low interest rate and a year before they start charging the interest(you know no interest payments till 2008 etc)and i like capital one....make sure the interest rate does not become a variable meaning that the interest rate changes... More
Answered By: D.C - 2/26/2007
 
Pay it off every month.
Answered By: melinda b - 2/26/2007
 
go with a big company like bank of america or chase, so that if you go to get a loan later you will be able to show that you had good credit and loyalty to that company. Pay it off in full every month, or you will be so sorry in the long run.
Answered By: Andi - 2/26/2007
 
At your age, pretty much any credit card company will give you one. I got my first cc through Wells Fargo. You won't get a big line of credit, mine started at $800 when i was 18. But as you pay it off on time and stuff your credit line will increase. if you have an account at a bank already, you can get a cc... More
Answered By: toolofoppression - 2/26/2007
 
Ok, being 21, I learn very quick, DONT ABUSE IT! It will haunt you, set your limit to $800 or $1000 limit and dont ever extend it. And pay more than the minimum. Don't buy worthless/useless things you will only use once, try to pay cash up front for everything-and the credit card is emergencies ONLY! best advice I can... More
Answered By: Joe Capo - 2/26/2007
 
Warren Buffet, the 2nd wealthiest man in the world, offered this advice on T.V... More
Source(s):
Answered By: Carlton C - 2/26/2007
 
dont get one is the best advice you can be given
Answered By: moonlillies - 2/26/2007
 
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