J-SMITH69

i have a $300 credit card from my bank

i used it once

McBoost

heh... well as long as that one time was paid off then you're still getting credit.

accordepicenter

i generally have always used cash or a debit card. I didnt have a credit card til i was like 21 or somthing like that, never needed it...

J-SMITH69

i just pay it down $20 at a time, builds more credit that way

SpeedyJAY

I have credit cards and they are THE WORST decision I have ever made.
As of now I am paying off ALL my debt to a tune of 1400-1600$ a month (my wife and I are at about 45k w/student loans).

Please do not listen to the BS about the "I LOVE DEBT SCORE" you do not need a score for a home loan. US lending mortgage (Fannie May as well) guidlines state (in general terms , "With 2 years renting/job/payment history you are elgible for an UNDERWRITTEN mortgage." Fair Issaic does not have a catagory or factory in for personal net worth.

You may be responsible with your credit cards, but you are playing with snakes. Credit card companies routinely violate federal law in collection and billing practices, and I will not give any of these A-holes my business. I dont give a crap what my credit score is, I care what my personal net worth is (all my debts subtracted from my assets)

I can go on, but the bottom line is....I dont play credit card games anymore

jacob_kohler

Dont get one. Best Advice ever except for the whole no building up credit part.

PureCRXtasy

If you have good credit now, you can do what I do. Find a card with a 0% interest for 12-18 months with a 12% or lower APR. 10.99% is good, but you have to have A+ credit to get one. You can use it all you want and if you have any balance when the time is up, just do a balance xfer to another similar card from a different provider and close the other one. Works for me. I haven't paid a single cent in interest on any of my cards for over 6 years.