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  #11  
Old 04-04-2005, 01:37 PM
agdbirmingham agdbirmingham is offline
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Join Date: Jan 2002
Posts: 279
Having 2-3 credit cards is a good idea, but just be RESPONSIBLE!! Don't carry a balance (unless you're a finance guru and get a card with a 0% starter interest rate then invest the money, etc, but that's a little too complicated for most people...)

Only buy what you can pay for or you'll end up way in debt just like everyone else said! If you think you may have problems using a credit card, just call them up and LOWER your limit on the card. But it's a very good idea to start building good credit as soon as you can! It can really help you in the long run!

As far as what is the BEST credit card, it really depends on what you're planning on doing with it. Since you don't have a job, it may help if you can get your parents to help you get one.

If you need it right away and have to carry a balance for emergency purposes than shop around for a low interest rate. If you swear that you're going to pay it off every month, than look for one that has "bonuses".

We have an American Express (no annual fee) that pays us cash back for our purchases. Don't remember all the details (my husband is more of the finance guru), but I believe we get 1-2%+ back on everything we charge. Doesn't sound like a lot, but we charge everything we possibly can, pay it off every month, then get a nice rebate once/year. Be careful of the popular airline mile programs. A lot of them have hefty annual fees that make it not worth it for most people. Some colleges will even take credit cards for tuition so 1-2% back would definitely be a nice chunk of change if you're still in school!!

Best of luck!
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