How to Save Money Part Two (What Should Not be in Your Wallet)

How to Save Money Part Two (What Should Not be in Your Wallet)

When building credit in today’s economic world, you can go two routes with charge cards. The first is less likely to require any credit, as in no credit is better than bad credit. The second one listed below will require SOME history, positive history. Keep in mind I am NOT a professional, just playing one and you should seek advice from a real financial consultant.

Capitol One cards can be used to improve credit scores. They require you to put money into an account and charge accordingly. They offer all sorts of credit cards and THIS type is the easiest one to get.

The same outcome with credit ratings can be had with store charge cards. Retail stores require you have a decent credit rating for one to be accepted for these. Your best plan for using these would be to get one and pay it off within 30 days or whenever the payment deadline is. If you are late, they can charge even higher interest rates than most well-known credit cards.

No credit cards! If you starting out in the credit game, why even bother having these? Many financial gurus will tell one to not get these to finance a business nor creative venture. From personal experience, I would avoid Discover Card due to their high, almost loan shark like, interest rates. On top of it, they set application booths in the Union buildings of many colleges.