First credit card?

Yeah I'm just going to use it to pay off little things like chips and snacks so I can build credit.

As a college student everyone I know was surprised I didn't have a credit card because it helps out alot.

How’s your Mom’s basement?

Attached: CA4ACFF0-18D1-4011-BAE4-9841C974FAB5.jpg (355x532, 98K)

Only if you're so cheap that you can't afford travel or online shopping, kek.

However, it is easy to fall into debt traps so either do what says or get a prepaid credit card. It's also hard to say what credit card would be a good choice for you because we have no idea what you'd use it for. Some credit cards let you pick up cash from anywhere in the world without having to pay extra for that, others don't let you take cash at all etc.

If you want one for regular travel, be careful of the bank you choose. If they won't budge your credit card limit in an absolute emergency situation, fuck 'em.

Wouldn't know, I moved out five years ago and haven't gone back and nobody has basements in Texas.

Get a Discover card. It gives you 5% cashback in quarterly categories (right now it's grocery stores, next month it's restaurants). They actually double it your first year, so it's really 10%.

Pay it off in FULL every time you get a statement. If you ever reach a point where you can't do that, it's time to cut the card up.

(Minimal use of) a credit card is important to build credit. Sometimes you need credit and when that happens having no credit history really sucks.

What does it say about your monetary discipline when you need to resort to a credit card for whatever dumb shit you want to buy, you absolute moron? Small permissions become big permissions and suddenly you're buried in debt. Have fun with that; I've warned you thrice now.

Either don't or go prepaid. They're inherently designed to take more money than they allow a user to spend; that's the whole point of them.
On an unrelated note does anyone know what happens to outstanding credit card fees if you die?

Go to your local back and put a few hundred dollars down on a secure credit card. The money you put down is collateral and you can build your credit. If you have a decent amount of money in your account, you can get a real credit card.

Also, do not get an "actual" credit card if you are bad with money.

Attached: 1525723995388.jpg (500x667, 58K)

They get inherited by your successor afaik; if you have none, I suppose they either become void or are taken up by the state.

Credit card is nice because of the fraud protection. With a debit card you have to notice and report fraud within a couple of days for the bank to clear you. Also it's your bank account that gets drained, so it's your money you have to get back. With a credit card the reporting rules are more relaxed so if you don't notice right away you're not as fucked, and it's the bank who has to work to get their own money back.

Obviously you never take on debt with a credit card. Pay it off, in full, every single month. No exceptions. But it's way better than cash or debit.

You mean like your son? Wtf

Set up a barrier account for everyday spending and never let significant amounts of money lie idle on it. Congratulations on your new DIY anti-theft system.

That way you can't "dine and dash" through suicide/terminal illness. It's a bit fucky in certain circumstances, but goes to show that DEBT IS A BAD FUCKING IDEA HOLY SHIT YOU FUCKING IDIOTS WHAT IS WRONG WITH CLAPISTANI EDUCATION

Bump

Get a card with a low limit, try and find one that gives you points or cash back.
Then put something on it, like your phone bill, and pay it off on time every time.

NEVER EVER EVER use it as "money you don't have", just use it to pay for things you can afford then pay it off.

In a few years you'll have decent credit, which is very useful, and the only reason to have a credit card.
Otherwise it's just a fancy debt making card.

The new Uber card is pretty good. 4% on restaurants 3% on travel and no fees. Just make sure to pay it off in full every month.

The only real advice here. I got my first credit card at 18. I've had quite a few over the years and right now I currently keep up with 3 that typically earn me around $700/year in cashback bonuses for paying for things like bills and groceries that I would have to pay anyway. So it's literally free money. I've never missed a payment in 14 and my credit score is literally perfect. There is nothing inherently wrong with credit cards as long as you are responsible.

This is somewhat incorrect.
Single Dad dies = credit card company loses. His children are not responsible for his debt.

Spouses and community property is where things get "fuzzy"
www.creditcards.com/credit-card-news/credit-card-debt-death-1282.php

Which one do recommend user.

First off, do you have a job or source of income? If the answer is no to either then I would advise against getting a credit card.

Okay with that out of the way. I would look to open a checking account with a bank or credit union to deposit your steady source of income into it. That's who you will end up getting your credit card from, the bank or credit union. Just talk to someone at the bank and you'll most certainly qualify for their lowest tier card. It'll have stipulations like keeping a certain amount of money in your account and the account will be free. There shouldn't be any yearly fees for a low tier credit card either, and your limit is gonna be like $500. It increases over time.

It's so different from country to country you'd do yourself a favor pointing out where you're from.
Generally speaking talk to several banks around you and ask what they're offering, and decide upon your needs.

Like other anons have said here, don't use it as a "money you don't have" type of thing, and NEVER go into the negatives because you'll pay interest out the ass for it.

I'm from the US.
Yeah I have a job and I have a debit card with a bank account at Wells Fargo. But I'm not sure if their credit cards are any good.

I personally feel it's more convenient to get a credit card directly from your bank rather than getting an external one, but I'm not from the US so I may be talking out of my ass.

Just get your first credit card through them and start building credit for a year or two before you start worrying about getting specialized credit cards. Most places who are going to offer you a lower tier card are going to be offering fairly comparable cards. They'll be $0 annual fee, 1 - 1.5$ cashback with increased cash back up to 5% on certain purchases for certain months out of the year, etc. Really the most important factor is the no annual fee right now and some cashback... and literally everyone is going to be offering this to you. It's best to just go with your bank for now because you can easily pay off the card from your checking account.

Ok thanks bros.

Is this good?

>Intro balance transfer offer
Transfer balances with an introductory fee of 0% during the first 60 days your account is open.† Same page link to Pricing and Terms After that, the fee for future balance transfers is 5% of the amount transferred, with a minimum of $5.† Same page link to Pricing and Terms

>Low introductory APR
0% intro APR for 15 months on purchases and balance transfers from account opening.† Same page link to Pricing and Terms After that, 16.49%–25.24% variable APR.† Same page link to Pricing and Terms

>FICO® Score for Free
You can check your FICO® Score, updated monthly, as well as monitor and better understand the five main attributes that drive your credit health – all for free with Slate®.* Same page link to Offer Details

>No annual fee
You won't have to pay an annual fee for all the great features that come with your Slate card.

>No penalty APR
Paying late won't raise your interest rate (APR).† Same page link to Pricing and Terms All other account pricing and terms apply

I also had a debit at chase just checking if this one is ok

>>Intro balance transfer offer
Probably isn't going to apply to you so it doesn't even matter.
>Low introductory APR
This should NEVER matter to you as long as you're paying off your balance before the due date.
>FICO® Score for Free
Eh, it's a cheap little gimmick.
>No annual fee
This is a must.
>No penalty APR
Again this should NEVER apply to you if you're keeping up with your payments on time.

Personally I use Chase because it's where most of my money is right now. I've got their Freedom and Sapphire cards. There's nothing too special about either, and the Freedom card is their introductory card so you should qualify for it. But again, for your first credit card I would just go with whoever has your checking account. It makes payment easier, and you can even set up automatic payments so you're never late... of course just make sure you have money in your account.

tl;dr just get that one from Wells Fargo tho

Thanks.

>falling for the credit scam
How does this get so many people?

>being irresponsible
How does this get so many people?

How does not getting into debt make me irresponsible?

How does not understanding that your incredibly ignorant blanket statement would be replied to with another blanket statement? It's not about you buddy.

Congratulations, you aren't in debt right now. Guess what? There's a lot of people with credit cards who aren't getting scammed because they're fiscally responsible.

>getting a credit card is a fiscally responsible action

>i want to buy this $2,000 refrigerator
>store has an offer where if I open an account I get 10% off
>open account
>save 10%
>that's $200 for you brainlets
>pay off account immediately
>just saved $200
It's like you're a fucking close minded financially illiterate retard or something...

This is correct, ignore balance transfer and introductory offers because they won't really matter.
You want to look for no annual fee, lowest interest rates, highest points/rewards in that order.

Get the lowest credit limit, use it for bills payment that you already pay without an issue then setup scheduled transfers from your main account for the exact amount of your non-fluctuating bills.
Don't use it for purchases or anything you cannot pay off at the time of spending and make sure you clear your balance every month.

Points can be a bit of a gimmick but if you plan to travel find one which gives points for your preferred airline or hotel chain, this should be your last consideration though for your first card.

>doesn't know what cashback is

I started out with a discover student card. But if I were to do it over again I would apply for the discover it card. The cash back potential is a lot better and no annual fee.
A lot of people in this thread are taking a shit on credit cards because they don't understand it. A credit card is a tool like a knife is a tool. If you know how to use it you won't stab yourself.