Do you think it's wise to have a Credit Card? Pros and Cons please...?
337756
Proper use of credit accounts build your credit rating.  It is unlikely that you will have enough cash to cover every purchase that you will need to support your lifestyle, such as a home or a car, so establishing credit will help you get the money that you need to borrow at a reasonable interest rate when you would like to borrow it.\n\nThere are also times that unexpected emergencies sneak up on you and having the cash to cover them is unlikely.  For instance, if your car's transmission gives out and you need to have transportation to get to work, having a ready line of credit on a card can solve an otherwise serious detriment to your livelihood.  \n\nWhen traveling, it is safer to carry a credit card rather than a large sum of cash; many cards are in fact guaranteed to a certain amount even if they are stolen.\n\nMany credit card companies offer extended warranties on purchases, insurance policies on the card holder, or other services like arbitration with retailers.  Things that cash certainly do not provide.\n\nHowever, be sure to use credit cards with due respect and responsibility.
278518
If you are going to use the laptop to make money, and you will make more money than the monthly installments, then go for it the monthly way.\nOtherwise, its not a wise business decision to buy it on credit. Perhaps it's more of a toy. \nIf that's the case, then buy it cash.\nNEVER NEVER NEVER take credit that won't leave you better off (for example, it's ok to buy a house on credit, as long as you save the rent, but its NOT OKAY to take credit to buy groceries because the next month you will be worse off)
634065
Credit Card's are nice to have,but bad to use unless u can pay the balance every month.My motto is if I can't afford to pay cash for it I don't need it.If food stamp's are necessary to get u through the month by all mean's use them that's what they are for.
597249
Either would be OK if you need another credit card. I would check the benefits of any card before I just got one.
174698
None of them.\n\nYou do not need a credit card for ANY reason.  Not even for a home loan.  Home loans can be underwritten.  See a good mortgage broker and they can do it without a credit rating.\n\nIf your heart is set on obtaining one, become a member of a local credit union.  They tend to have the best, basic forms of credit cards.  If you go this route, DO NOT set your credit limit above $500.  Why?  Temptation, procrastination, etc.  Things happen.  \n\n\nI recommend using CASH.  Debit Cards too.  There is virtually NOTHING that you can buy without a DEBIT CARD.  The protections that consumers have with CREDIT CARDS also applies to DEBIT CARDS.  It's Federal law.\n\nI have 2 credit cards.  I don't use them.  I am letting one expire on purpose... lack of use.\n\nI will keep one because I travel extensively, and since I wear out my debit card quite regularly, I do need one.  \n\nI am debt-free, except for my house and my wife's car.  It's a great way to live and be wealthy.
151767
my suggestion! Get a Credit Card in your name then!
173014
Yes, there are several credit card issuers that will approve you for a card if you have bad credit.  There may be some up front fees or you may pay a higher interest rate since you pose greater risk, but at least there are options.  Check out the bad credit section at CreditCards.com (http://www.creditcards.com/badcredit.php)
483005
I have one and I dont recall on how long it took to get one (you could probably call) but Capital one is the only credit card company Ive found for people with so-so credit that actually isnt so bad...  word of advice... if you got a card with an annual fee... a week or 2 before the annual fee is to be charged call them and most times they will cut it in half or remove it
495638
It will help build a payment history.  Always be on time with your payments.  It's easier to destroy credit than fix it!!!  Then, start saving up and using cash!!!!  Credit cards are EVIL!!
291642
Yup. because a credit  card is a credit card. lol but thats a good question
338655
a dept store credit card that was my first one but then I found out I was being ripped off bcuz those have super high interest rates.  it's a good way to establish credit I guess just make a purchase every season and take the rest of the season to pay it off without defaulting it will show you're consistent and reliable.
836391
I think it's good that you don't have a credit card.  I don't have one either.  It helps you to avoid credit-card debt if you don't have one.\n\nHowever, in the future if you want to take out a loan for, say, a house, you might want to have some evidence that you are a good credit risk.  You can establish credit with your cell-phone bill, I believe, but a credit card is another good way.  If you want to do this, get a card that doesn't charge interest for a period of time, use the card for something simple and pay it off every month.  That way you will be helping your credit but you won't be incurring credit-card debt.\n\nThere are many, many credit cards that would be happy to issue you one, even though you are a college student.  Perhaps you should start by talking to your financial institution.
490127
I think both would help you build your credit history and your credit score. You need to be carefull about how much you spend from the available credit. You should keep your spending below 30% of the total available credit as your credit score highly depends on your debt ratio (Available credit/Credit Remaining on the credit card).
238420
You are always encouraged to borrow because that's how credit card companies make money!  Tips I heard from those money management seminars:\nOnly spend what you have. \nUse cash, avoid credit cards, because seeing money getting out of your pocket gives you more sense of "hey, you are spending" then using the plastic card.\nPaying for debts, be sure you pay some principal with your monthly interest. This way you pay it off faster, ending up with paying less for interest.  Works well for home martgages.
458229
Any credit card that has a low FIXED interest rate such as Prime +2.5% and no annual fee. I do not recommend American Express and Discover just because they have limited usage. VISA and MASTERCARD are accepted everywhere in the world and have friendly programs and rules. The best to get a credit card is through a credit union. Moreover, if you are looking to build credit, you have to get a secured credit card/loan and might need to pay a yearly fee but just for 6 months. After that you can apply for any card you want but be conservative. The less cards you have the better your credit will be - providing you have a line open. Hope this suffice.
361720
no, i don't think is wrong to have a credit card, specially if you work, what i think is wrong is for you to keep it as a secret. i don't think your husband is upset about you having the credit card, i think he's more upset because you didn't have the courage to tell him the truth.
373890
DONT DONT DONT DONT DONT DONT DO IT.\n\nTHEY CAHRGE HIGH HIGH HIGH INTERST AND YOU AHVE TO PAY TO GET THE CARD, USUALLY A COUPLE HUNDRED DOLLARS.\n\nIF YOU HAVE TO PAY TO GET A CREDIT CARD IT IS NOT WORTH IT.\n\nIF YOU ARE REQUIRED TO PAY THEN YOU PROBALLY HAVE BAD CREDIT OR COLLECTIONS AGAINST YOU IN WHICH, YOU SHOULD NOT BE GOING MORE IN DEBT.\n\nPAY CASH!!!