Michael P asked:
I want to get a credit card to help me increase my credit score partly. But mostly for emergencies.
I want to get a credit card to help me increase my credit score partly. But mostly for emergencies.
Will I be charged any interest if I manage to pay my credit card bill in full on reciept of the statement each month?
Any other extra info. On credit cards would be appreciated too, I’m in no rush to get one, so fire away guys
#1 by Judy - December 22nd, 2009 at 12:59
Paying your bill in full is a way to get 800+ scores.
Try to use it for only gas, so you can charge a little each month, and pay it off.
No interest - ever.
I use cards that have cash back.
google cash back credit card
or go to bankrate.com and click on credit cards - reward cards
Make sure you don’t have to spend like 6 grand before getting your cash back.
Discover and Amex do this carp.
Last year I received over $400 cash back.
Use credit cards to death - do not let them use you.
Note: Airline miles, hotel points, or dining rewards will never amount more than 1% cash back, I’ve done the math.
Stick to cash back.
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