Aworth

I am 18 years old and am looking into a credit card. I recieved something from Master Card offering me a card with a $250 limit and many other things I thought were good. I am thinking of doing it, but my parents are against it. What else should I look into before getting a card.

joecool6101

make sure that the intrest rate is not high. Something like 15% should be good but it can be upto 22% which is not bad as long as you are going to be paying it off quickly. Which is best for you since you need to build your credit.

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Althema

You also need to make sure they do not charge an annual fee. Some with rates that low charge more than 100 a year annually. Some credit card companies will let parents get cards for their children when they turn 18, to help their child establish credit....maybe your parents can do this too. If your parents get low rates you will too. It's basically called piggyback off someone elses credit.

dovic1

When my son was 18 I was not ready for him to get a credit card. I wanted him to get well estabished with his job and schooling, As soon as someone turns 18 the credit card companies bombard them with credit cards mail. I don't you should just jump right into debt.

jackman

Yeah...I agree with dovic1. Right now you can use cards of parents, of course by their consent, once you turn 18, get yourself as many cards as you want.

sood123

Maybe you could convince your parents to give you an add-on card on their cards with a low credit limit. Annual fee is very low and almost some times free on them.

mari_123

It would be better if you go for a debit card in starting becasue it remoses the risk of spending more than you have in your account. This way you'll get trained up to use creditcard within 6-`2months of your use. And also it almost serves same purpose.

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shanghai

feel free to get one if u know u can control yourself

its good to rack up miles/rebates/etc

webmonsz

Sure go ahead and get one...and use it in a responsible way, don't screw it up or you will lose your credit.

good luck

saurabhj

You can go ahead but make sure that interest rates are not so high.
Also, make use of it in a responsible way...