0% Credit Card To Hold Me Over After Graduation? - Tilted Forum Project Discussion Community

soma · 03-26-2009, 09:36 AM

I will be graduating in the spring and am worried about not getting a job. Right now, I'm getting along just fine with just one credit card that doesn't carry a balance each month and a low paying on-campus part time job. After I graduate, I might not have this job, and am thinking about getting a credit card with a 3-6month 0% interest rate to hold me over.

I could probably live on my current credit card for a few months, but I'm afraid I wouldn't be able to pay the balance each month which would hurt my credit score and cost me in interest and late fees. So basically I'm wondering if getting another credit card would be smarter than just living on my current one. Obviously the best choice would be to get a good job right after graduating, but considering the current job market, I'm really not sure if that's going to happen right away.

Any thoughts or advice would be appreciated. Thanks.

BogeyDope · 03-26-2009, 12:22 PM

I would personally apply for a new credit card than have to pay my bills late. Have you looked at assessing how much you would need to survive for a short while, and then taking out a loan? The interest rates are as low as ever right now. Interesting problem though.

inBOIL · 03-26-2009, 01:13 PM

It sounds like a good idea, provided you pay attention and read the fine print. The cc company will try to screw you, so make sure you're not in a position to get hurt when that rate expires.

03-26-2009, 09:36 AM	#1 (permalink)
soma Addict Location: USA	0% Credit Card To Hold Me Over After Graduation? I will be graduating in the spring and am worried about not getting a job. Right now, I'm getting along just fine with just one credit card that doesn't carry a balance each month and a low paying on-campus part time job. After I graduate, I might not have this job, and am thinking about getting a credit card with a 3-6month 0% interest rate to hold me over. I could probably live on my current credit card for a few months, but I'm afraid I wouldn't be able to pay the balance each month which would hurt my credit score and cost me in interest and late fees. So basically I'm wondering if getting another credit card would be smarter than just living on my current one. Obviously the best choice would be to get a good job right after graduating, but considering the current job market, I'm really not sure if that's going to happen right away. Any thoughts or advice would be appreciated. Thanks. __________________ Having Girl Problems?

03-26-2009, 12:22 PM	#2 (permalink)
BogeyDope Crazy	I would personally apply for a new credit card than have to pay my bills late. Have you looked at assessing how much you would need to survive for a short while, and then taking out a loan? The interest rates are as low as ever right now. Interesting problem though. __________________ Focus. Control. Conviction. Resolve. A true ace lacks none of these attributes. Nothing can deter you from the task at hand except your own fears. This is your sky.

03-26-2009, 01:13 PM	#3 (permalink)
inBOIL I have eaten the slaw	It sounds like a good idea, provided you pay attention and read the fine print. The cc company will try to screw you, so make sure you're not in a position to get hurt when that rate expires. __________________ And you believe Bush and the liberals and divorced parents and gays and blacks and the Christian right and fossil fuels and Xbox are all to blame, meanwhile you yourselves create an ad where your kid hits you in the head with a baseball and you don't understand the message that the problem is you.