Why Get A Credit Card?

Don't think of having a credit card as a way to spend money, think of it as a way to save money.
Use credit to pay for things you need in order to take advantage of discounts or offers that will save you money.
Why you want credit?
Buying a car: Interest rates are important, so you will want to have good credit to get that lower rate!
Wireless phones: Prepaid is more expensive. If you want a contract, you'll need credit, or prepare to pay expensive deposits!
Buying a house, borrowing money for a car repair, I've even heard of landlords checking the credit of possible apartment renters. The fact is, you're going to find yourself in a situation where you need to borrow money, and you need credit to avoid paying more than is necessary.
Car rental places often do not take check cards, and movie rental stores require a non-debit credit card for an account.
Get credit without getting in trouble:
In Getting a credit card, get a student card, because it will be difficult at first to get a card without having any past credit. Students are the exception.
Use the card rarely! Check cards are nice because they often give rewards, so stick with that for quick, cashless transactions. But do use it, and pay it off every month if you can. Having a credit card and not using it will not build any credit.
Pay attention to your balance and due dates. Late fees can be from $20 to $50 sometimes, not to mention interest. Try and pay bills as soon as you can, issuers will not have any sympathy if you get into a jam.
If you do get in a jam, utilize the offer made by the issuing bank for insurance on your balance. Usually $0.85 per $100.00 just in case a misfortune happens in your life, your account can be put on hold for up to two years.
Use online banking and keep bank sites bookmarked to check balances frequently and make payments on time.
Call the issuer of the credit card every 6 months and ask for a lower interest rate. This will be a good way to gauge whether or not your credit is improving. If you're just starting, you probably have a high interest rate and it can most likely be brought down. Don't sign up for specialized cards unless you know you'll use them.
Even emergency credit cards should be used a few times a year. This will reflect that you can handle an account. Potential creditors don't like seeing accounts not being used!
Save yourself the hassle of worrying about high finance charges by paying your balance in full each month. Do this, and essentially you're borrowing money for free.
If your Interested in looking at some options for credit cards, go to this link for more information:
http://dealhound.NewCreditApplications.com

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