N3051M said:
If you got a part time or full time job then it is more easier for you to get the credit card, since if you dont have a credit rating for being a first timer, they look at your income and if you are able to pay it off.. I know this because i just recently signed up for one and they do tell you this on one of their faqs..
However, tempting as it is to use it, make sure you have enough allowances (after taking away budget for food, expenses etc) to repay the amount of your CC bill.. and you do know that if you pay only the minimum it'll take you years to pay off the whole thing.. so a good tip would be to pay double or triple or how much you can of the minimum to pay it faster (inside the interest free period off course).
Thanks for the tips, I had no idea that they checked your current income when applying for a Credit Card. I've also been told that they check your account balance for your bank account. They do all that in the 30-Second Online Approval? I think all they ask for is Date Of Birth and Social Security Number.
I think I make pretty good money, but something that you have to think about with monthly payments is whether you've got the money or not, do you really want to be giving them X amount of dollars a month. I found this out with car payments, but I love my car and the payments aren't bad (about $415 but I like to pay extra like about $515 to get it paid off quick). I also still live at home so lol....sshh.
Funny though, a year or so ago I got "Pre-Approved" for a Paypal Credit Card (Mastercard I think) for my good record with Paypal, ended up not being approved for it lol. But I'm making more money now working somewhere else, and I'm pretty sure that I have more money in my bank account than what I had at the time. I get paid once every two weeks though, but it looks like I'm going to be having about 5hrs of over time every week.
I get paid again on August 3rd I think, so I'll probably just go ahead and pay for some of the computer parts (Motherboard and CPU probably) then, instead of charging them, and charge most of the rest (Video Cards probably).
If you don't mind me asking, where did you get your Credit Card from, PM if you would like.
Thanks