I just applied for a credit card.

[evilbutterfly]

"We look forward to serving you. You should receive your Capital OneŽ credit card and Welcome Package within 7 to 10 business days."

Uhoh! =O

[IAAW]

Re: I just applied for a credit card.

Lol, EB is about to go splurge in the cash shop in MS. =O

[Twilight_Overlord]

Re: I just applied for a credit card.

buy cars and stuff. It's worth seven years of your life.

[TheRapingDragon]

Re: I just applied for a credit card.

Debit Card > Credit Card

[Neonatrias]

Re: I just applied for a credit card.

Debit Card > Credit Card

You don't get out much, do you? =/

[Kefit]

Re: I just applied for a credit card.

A debit card is infinitely better than a credit card. Of course, this requires actually having savings in the bank, which I guess might be a foreign concept to some of you guys.

But it astounds me why anyone would place themselves in debt to buy anything aside from a house or a car.

[talisman]

Re: I just applied for a credit card.

what kefit said... when I got my bank account for college they were all like "have a credit card" and I was like "no thanks irresponsible spending" and just took the debit.

[Tasselfoot]

Re: I just applied for a credit card.

Kefit and Talisman are correct (lol, third'd)...

and I can speak from the standpoint of having worked in banks from 16-21 (you can't even GET a solo checking account / debit card when you're 16... which sucked. I could handle money and work as a teller, but I couldn't get a debit card for my own account until I was 18) that debit > credit, for 99% of things.

Only negatives of debit: MUCH lower spending limit vs credit, for obvious security reasons. Fee to access cash most of the time (although cash advance on your CC has a HUGE interest rate), Potential to get double or triple frozen on purchases like gas (they'll freeze 60 bucks in your account for 48 hours when you pay for 20 bucks in gas, to verify/make sure it'll go through... this is sometimes, not always). Also builds credit.

Positives: no debt, no worrying about paying bills later on or high interest charges and poor credit rating, and ability to get cash back on purcahses.


Kinda sucked yesterday though. I don't have a CC and needed to buy my computer. Debit card has a 2k limit... computer was more. Went to my mother's and had to use her CC and then give her cash. A pain, but not that big of a deal.

Also sucks because my credit is fairly low. My phone, columbia house, and my checking accounts are decent credit builders... but a CC would really boost credit. Oh well, I'll just have to bank on Whorli's credit (hmm... maybe not such a good idea).

[TheRapingDragon]

Re: I just applied for a credit card.

Kefit and Talisman are correct (lol, third'd)...

=[ You mean 4th'd

Debit Card > Credit Card

=[


Also:

You don't get out much, do you? =/

What? What has me going out got anything to do with it. A credit card can easily get you into debt, I have plenty of money that I can spend with my debit card, I don't need to go crazy.

[Grandiagod]

Re: I just applied for a credit card.

Credit card= Spending more money for something that you don't have the funds for anyway.

[stretchypanda]

Re: I just applied for a credit card.

I apply for credit cards in the stores I frequent because I know that retail stores will fire employees who don't get enough credit apps, but I only apply when there are huge savings to be had, then I usually shred the card and pay off whatever I bought that one time.

[nforcer06164]

Re: I just applied for a credit card.

You don't get out much, do you? =/

Neon, you just DRAIN your card like there's no tomorrow. My debit card has served me well =)

[emptiness]

Re: I just applied for a credit card.

If your gonna get a a credit card make sure you have a good credit score. Otherwise the banks wont trust that you could keep up with your spending. Whats in your wallet? haha just had to say that. i dont know what im sayin really...i have a debit card which is much safer. I wont get a credit card yet...

[Anticrombie0909]

Re: I just applied for a credit card.

Credit cards are ****ing retarded. Why do you think companies make most of their money from the 18-24 y/o age bracket?

Don't buy a credit card. You will overspend, miss a payment, etc, and pay for it with your credit rating later. Remember, those things last your entire life. Screw up now, and pay for it forever.

[Afrobean]

Re: I just applied for a credit card.

Credit cards are ****ing retarded. Why do you think companies make most of their money from the 18-24 y/o age bracket?

Don't buy a credit card. You will overspend, miss a payment, etc, and pay for it with your credit rating later. Remember, those things last your entire life. Screw up now, and pay for it forever.

That's if you're irresponsible. If you're responsible, and only buy what you can realistically pay back, then there should be no problem and you'll come out of it with a better credit rating.