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How old were you when you got your first credit card?
Just signed up for my first credit card at the age of 21 to build up a credit score before I graduate college this spring. Have had a debit card for a long time but this is my first actual CREDIT card, so I ask you NS, when did you get your first one?
13 with my parents as (cosigners I think its called) and it was basically my own account with my parent's oversight. Most of the time it only had like $30 in it, but it was nice for ordering things online and it gave my a sense of independence.
Maybe 23-24? I was in the "Don't Have, Don't Want" club, but eventually I realized I needed a credit card both to build my credit score for the future and occasionally for functional things now (e.g. renting a car).
Now I buy pretty much everything on my credit card for the points and have it set to autopay in full from my checking account at the end of the month.
15, when I got my first job. I saved 4000 from childhood. Spent 500$, realized that I am wasting so much money and was taught the lesson of being conservative with my money. Good learning expierience.
Wizerd13 with my parents as (cosigners I think its called) and it was basically my own account with my parent's oversight. Most of the time it only had like $30 in it, but it was nice for ordering things online and it gave my a sense of independence.
Hur durrr I am 12 and don't know the difference between a CREDIT card and a DEBIT card
I was about a week shy of 19. To rent textbooks at my school you need a credit card, and my parent's decided it was a good way for me to get books and start building my credit up.
Jeebus.Fuck that, I'm 22 and i still refuse to get one, i hate owing people money.
I was the same way man. But in today's world you need one. You need a credit score for financing or renting a car, a mortgage for a house. Plus its good just to have incase an emergency. Unless you have a giant stack of cash hidden away somewhere, you need a credit card to function in the adult world.
That_One_kidJust signed up for my first credit card at the age of 21 to build up a credit score before I graduate college this spring. Have had a debit card for a long time but this is my first actual CREDIT card, so I ask you NS, when did you get your first one?
ah man, ur that one kid that gets his credit card at 21
ONTerriibleBut in today's world you need one. You need a credit score for financing or renting a car, a mortgage for a house.
Not necessarily true. Credit scores exist as a convenience for lenders, but there are ways around it without buying into the great American debt maschine.
ONTerriiblePlus its good just to have incase an emergency. Unless you have a giant stack of cash hidden away somewhere
If you have a credit card but no emergency account, you're doing it wrong.
13 with parents and then 17 by myself. get one as early as possible and then treat it like a debit card and pay it off every month to build credit with no interest
I was 16 or 17.. Got wells fargo student card.. Put gas on it once a month, always paid it off. Now I'm 24 with 7 years of credit history, with some loans paid ooff, etc.. My credit score is like 750 or something..
haha i mean, I have my original I got through my bank, I got another one a couple years ago for buying some new gear for freelance and it didnt have interested on it for 6 mo which helped me out a ton and then about a year ago I got a Delta Amex. I only really use my amex a this point and my original one if I need to, I'll probably just keep the third in case of an emergency, its not really worth canceling a credit card it can look bad on your credit score.
pussyfooterhaha i mean, I have my original I got through my bank, I got another one a couple years ago for buying some new gear for freelance and it didnt have interested on it for 6 mo which helped me out a ton and then about a year ago I got a Delta Amex. I only really use my amex a this point and my original one if I need to, I'll probably just keep the third in case of an emergency, its not really worth canceling a credit card it can look bad on your credit score.
Yea, I still have my original one, with a decent limit. A business credit card for my business account, I don't even know my limit on that one. My US airways/united MasterCard, and a best buy credit card I got when I need no interest on a financed laptop.. Ha.
25and don't have one but probably going to grab one through my bank when I get back to murica. Just going to use it for things I'm going to buy with my debit card anyway or things i need like gas and groceries. Not going to go on a yolo spending spree.
I just want to build up some credit so I can get a loan to buy a house. Might try to get one in the next few years. Not sure where but might go for it and rent it out if I move.
25 here and still just debit card and mostly pay cash for things.
I used to have awesome credit.. had 2 credit cards and even got approved for apple credit when I applied on my first computer.
Then I maxed them out in the "incase of an emergency" instance. Took me 4 years and a lot of interest to get out of that mess. Credit score plummeted...
I have learned that "incase of an emergency" is far better served by family, friends, an actual loan, or having whatever your credit line would be saved in cash.
I have since gotten a secured credit card with a pretty high limit (meaning I gave my bank a few k and they report it like its a credit card).
I recommend this option 100% over an actual credit card. It shows up on your credit the same way, but you actually have the money. I've been offered to have it changed into an actual credit card based on my payment history and all that... I'm going to leave it as is though. It's so much better knowing I don't owe anyone and if all of those emergency options weren't enough, I could change over to an unsecured card, get my deposit back and have a pretty big additional credit line. I hope this is never needed.
Jeebus.Fuck that, I'm 22 and i still refuse to get one, i hate owing people money.
How do you function in todays society without a credit card? You get the equivalent of 1% cash back on most of them, which is a free $100 a year, plus they are super convenient for every single purchase ever. Online orders, car rentals, hotels, concert tickets, vacation purchases, damage deposits, etc...
I got one the day I turned 18, and haven't paid a dime of interest on it and have probably got around $1000 cash back overall, assume my credit score is pretty awesome thanks to that so could probably finance a car for a couple percent if I needed too.
PoLaRpEaKHow do you function in todays society without a credit card?
I've been asked for my credit score ONCE in my life, and it was when I was applying for a lease. I simply told the real estate agent that I didn't believe in credit cards, to which she said "you're a smart kid." I then provided one of many alternate forms of risk assessment such as previous employer referrals, work history, school record, etc.
For some people the allure of cheap prizes does not outweigh the mental burden of being in debt. Why finance a car when I can buy a cheaper one in cash? Why spend my whole life chained to a mortgage for a house that's five times the size of what I need, when I can build a modest one and pay for it in cash? I'm not saying credit is necessarily a bad thing, since it's a personal choice that can yield a net benefit if you're responsible. I just object to American debt culture on philosophical grounds.
Wizerd13 with my parents as (cosigners I think its called) and it was basically my own account with my parent's oversight. Most of the time it only had like $30 in it, but it was nice for ordering things online and it gave my a sense of independence.
same here but its a debit card not a credit card having one for so long has defiantly helped me manage my money better. i have lasted 20 years with out a credit card, if i don't have the money to buy something, i don't buy it. its a crazy concept i know.
snowballsdeepsame here but its a debit card not a credit card having one for so long has defiantly helped me manage my money better. i have lasted 20 years with out a credit card, if i don't have the money to buy something, i don't buy it. its a crazy concept i know.
yeah but why not get a credit card? if you don't carry a balance you're still following the "if i don't have money to buy something i don't buy it". you can pay it off each month and get at least 1% back through rewards.
I got one when I was 16 or something. It had something like a 200$ limit and I was supposed to only use it in case of emergencies. I've used it simply for building credit ever since... charge it out on groceries at like Costco and pay it off over the next 2 months. The interest on it is crazy nice because it's still tied to my Dad's account after over a decade.
My other two credit cards are kinda maxed right now, though... waiting for friday to drop 1400 on those bitches.
cornholioyeah but why not get a credit card? if you don't carry a balance you're still following the "if i don't have money to buy something i don't buy it". you can pay it off each month and get at least 1% back through rewards.
because being as how I haven't started a career job yet my month to month income is inconsistent so i can't commit to spend so much per month. unless its like rent of course. hmmm i see.
snowballsdeepbecause being as how I haven't started a career job yet my month to month income is inconsistent so i can't commit to spend so much per month. unless its like rent of course. hmmm i see.
i'd feel the same way without a steady income. that's a good enough reason.
