Playstation the Credit Card

[LifeOfAPirate13]

I dont know why everyone is scared of credit cards? They are a good thing I have like 5 credit cards and never spend that much if you open a credit card and spend 5 dollars on it a month you will be improving your credit rating HUGE instead of not having any credit open and be in that boat. I have had one since I first turned 18 never got into debt with it I use it as a means to build my credit which is thankfully really high. This also helped when I bought my car used and got a rate of 5.9% on a 5 year loan. The benefits if you are "responsible" outweigh the negatives of not having any credit. But to each their own.

[quexos]

Originally Posted by LifeOfAPirate13

I dont know why everyone is scared of credit cards?

I am scared of credit cards. First I don't like a card that will push me to spend what I don't have which is the very reason of the card: to have credit.
I would rather have a debit card aka bank card and not spend beyond the money I actually have. Also credit cards are fine until some genius hacker steals the information on it and uses it or sells it or whatever. Add to that the fact I don't have to pay interests on a debit card since I only spend what is mine and not what the bank lends me by means of credit.
Now credit cards can be handy in places like amazon.com since they don't take other means of payment so I think they should be more flexible and take money transfers. But as you say, to each his own.

Originally Posted by Toptube

These card deals are only good for people who have a credit history that will allow them to be approved.

Fine with me. Never asked for a credit card which means I don't have a credit history which means I would be refused such a card which is fine since I don't want to have one.
But just out of curiosity, How can one have a credit history if one has never been in possession of a credit card which one cannot have since one has no credit history ?

[Toptube]

Originally Posted by quexos

But just out of curiosity, How can one have a credit history if one has never been in possession of a credit card which one cannot have since one has no credit history ?

Yeah, exactly. So now when I finally go to buy my first NEW vehicle, or rent/buy a house, I'll probably have to get yanked around and have my Dad co-sign with me. Even though I'll be like 25+ years old by that time....

I even had to fight with Clearwire just to get some internet because they check credit history and I don't have any. I would love to have a rewards card of some sort, Especially the Amazon card. I'm very responsible and non-impulsive with my money and I would do every well with one. But I can't seem to get one




**I'm 22 right now**