Credit Cards

Is it in your name or theirs? If it's in your name than your establishing credit already.

 

Just remember this: THERE IS NO SUCH THING AS A FIXED RATE CREDIT CARD!

 

I have a Bank of America card that gave me a 4.75 percent fixed rate on a balance transfer that is good until I pay it off. If you are gonna have a large credit card debt that is the way to do it. I used it for that a couple of years ago, I doubt they will do that now.

 

Citicard will. They ask me if I want to do a balance transfer every time I call them - for any little thing.

 

If you have an expense credit card that's already in place, that's all you need. Don't bullshit yourself into thinking you need "x" so you put it on a card and your parents wouldn't approve - because they're right. If you just want to dick away some money, get a side job or sell something you don't need.

You don't want to get into that shit - that "I really gotta have this or else" shit. You really don't want to get into credit debt, and if you've got that one with the 1000 limit, you're already building credit, so you don't have to worry about having no credit.

It just sounds like you want to do something foolish without your parents knowing, and it sounds like a huge mistake. Instant gratification from a credit purchase is a sure way to be 25 years old and unable to do shit because you're still paying for when you were 22.

 

What kinda rate they offer? Is it for the life of the transfer?

 

Ahhhh....what a great feeling. Go out for an oil change and come home with a new ride.

 

DURANGOWNED!

 

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They also have a 0% offer. My balance was small, so I figured I'd let it float. I can pay it off at the end after reasonable spots in between.

 

Zip. For the entire transfer, until you pay it off.

The catch is that any payment you make to the CC company after the transfer goes only towards the transferred balance until it's paid off. So if you have a balance that is already on the card, that balance grows with finance charges as usual until you can pay off the transfer entirely. That could get ugly for some folks.

But they've offered it to me three times now since November.