Credit Cards

19 replies · 3462 views · Started by HU 4Eva Baby · Jul 2005

Hey guys I'am a incoming freshman and I have some questions for you all about credit cards. If those of you who have credit can you manage it well while in college? Do you you debit instead? Is it best to pay for books with credit? If you guys have more advice beyond these questions feel free 2 post them!!!

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1FocusedBruh · Jul 2005

#11 Reply

I you pay your debts off in full at the end of the month. You wont have to worry about interest rates..

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LadyJag7 · Jul 2005

#12 Reply

I say get a debit card first before you think about getting a credit card, especially with this being your first year away from mommy and daddy. That way when you buy something, you know it's already paid for. People get in trouble with credit cards because they think credit cards are money and they aren't. Every time you use a credit card it's like taking out a mini loan from the bank.

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fyne_dyme2005 from Casa Grande, AZ · Jul 2005

#13 Reply

i was actually going to get a credit card to try and establish credit. my dad retired and he is a Vietnam veteran so the gov pays for ALL of my school, books, housing and tuition they also put 900 in my pocket just so i dont have to work plus i get some of his social security. i think i am in okay standing financial wise but how would you go about gettin a credit card. ive looked online and seen interest rates between 9% and 15%.... 15 seems high to me. what is a credit card company some of you might recommend and what do you consider a resonable interest rate to be?

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Hornet_Psi · Jul 2005

#14 Reply

HU 4Eva Baby wrote:
Hey guys I'am a incoming freshman and I have some questions for you all about credit cards. If those of you who have credit can you manage it well while in college? Do you you debit instead? Is it best to pay for books with credit? If you guys have more advice beyond these questions feel free 2 post them!!!

Look, take it from someone with a degree in Finance... Credit cards are only good if you responsible. Meaning, if you have a habit to splurge and get every new Jordan, every new CD, DONT GET ONE YET!! Cause, you'll get one, and I guarantee u, a year later you'll be in the hole 5-7 stacks, and probably would even remember everything you bought. Then, you'll be spending the next six years playing catch-up on your credit. On the other hand, if u know how money works, it'll be a good stepping stone for. It will build credit, and teach responsibility about how not to put yourselfin those situations. Believe me, nothin's worse then really HAVING to use it, only to find out you've maxed it out already on dumb sh*t. Like folx already said, start with a debit card, and work your way up. As for books, I'll give u my hustle. PAY CASH!, Look, if u can afford it, you can get them waaayy cheaper than what the stores want. Here's how.... 1) Your school must have a card system, where your ID can be book on book voucher money 2) Find cats who have dough to blow on their book voucher. Make sure they can do this, cause u don't want to be responsible for a **** not gettin a book cause they blew their voucher money on you. (they're not hard to find...trust me) 3) This is like the old food stamp hustle...a $65 book a food stamp for $50. Look, BV money don't work outside the school and cats are ALWAYS goin want paper. 4) Research the actual prices, so u know what you can haggle. 5) BE REASONABLE in working the deals! Take a $150 new book ($100 used), and offer to give them $90-110 ($60-75) out of pocket if they buy in on their BV. Don't say nothin crazy like "a $150 book for 35 in cash"....they might laugh in your face Trust me on this one. My last three semesters, I stopped getting Book vouchers, and bought an average of $650 in books, paying only $150-250. No BS. It's called capitalism...A.K.A. my 'Cassidy' game.

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