Tilted Forum Project Discussion Community - View Single Post

xepherys · 07-25-2004, 08:29 AM

Summary:

a) Credit Card will gain you credit where a debit card will not
b) Credit Card will protect you against fraud where a debit card may not.
c) Get a card with LOW APR and a LOW balance to start with. This will build your credit without worry of screwing yourself later.

FYI, Citibank is a great company. They were my first credit card as well, but due to an accounting error (they sent me two seperate Platinum cards with a large limit) I screwed myself. My credit went to hell VERY quickly. They were still a great bank to deal with.

Currently I'm trying to rebuild my credit. I have a Platinum Mastercard through Capital One that works very well... I only have a $500 limit (which is a good thing) but it's 0% APR through 2004 and then only 9.9% APR after that. If I can get 9.9% with LOUSY credit, you can get it with no credit at all... just wait for the right deal (or search for the right deal). Annual fees might be a good option if it lowers your APR a great deal. $29-39/year isn't too bad. If they want more than that, they're probably out to hose you.

Okay, hope that was helpful along with everyone else's post. Good luck!

07-25-2004, 08:29 AM	#16 (permalink)
xepherys <3 TFP Location: 17TLH2445607250	Summary: a) Credit Card will gain you credit where a debit card will not b) Credit Card will protect you against fraud where a debit card may not. c) Get a card with LOW APR and a LOW balance to start with. This will build your credit without worry of screwing yourself later. FYI, Citibank is a great company. They were my first credit card as well, but due to an accounting error (they sent me two seperate Platinum cards with a large limit) I screwed myself. My credit went to hell VERY quickly. They were still a great bank to deal with. Currently I'm trying to rebuild my credit. I have a Platinum Mastercard through Capital One that works very well... I only have a $500 limit (which is a good thing) but it's 0% APR through 2004 and then only 9.9% APR after that. If I can get 9.9% with LOUSY credit, you can get it with no credit at all... just wait for the right deal (or search for the right deal). Annual fees might be a good option if it lowers your APR a great deal. $29-39/year isn't too bad. If they want more than that, they're probably out to hose you. Okay, hope that was helpful along with everyone else's post. Good luck! __________________ The prospect of achieving a peace agreement with the extremist group of MILF is almost impossible... -- Emmanuel Pinol, Governor of Cotobato My Homepage