I'm shit with money management. I find it easier for me to pay monthly fees rather than saving up cash to buy it all at once.
That being said, I've never had a credit card, and know next to nothing about the finer points to them. I'm curious, what should I expect with them? I'm thinking of getting an amazon card to pay for my larger purchases on the site and then a second for other purchases.
Any words of wisdom would be nice to have, thanks /biz/.
IMO, fuck 'store credit' cards.
Get a credit card with your bank that doesn't have an annual fee. Spend as much as you want, but always pay the minimum payment every month. Never miss it, not once.
I'm 22 and I've had a credit card for 2 years. Just paying for things with it, and paying the minimums every month (and occasionally paying the whole balance off), I've now got a better credit score than my father, and they've given me 3 credit limit increases. I'd get a better card if I had more income.
I don't think so. I've gotten turned down for financing for not having enough credit history.
Of course, no score is better than a bad score. So if you can't make the payments then don't even think about credit.
>have a CC
>always hear that making regular monthly payments on it builds credit
>also heard that if you have one but never use it, it doesnt help credit
>so I use my CC as my debit card, always paying it off when i get paid
>figure I am building credit
>get back credit report
>droped 60 points
>"you consistently keep too much money on your CC"
What kind of jew trick did I fall for?