Which credit card is better?

2009-09-21 16:29:14

#1

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6104|College Park, MD

Comparing this "college card"

https://www.wellsfargo.com/credit_cards … /cashback/

with this normal card

https://www.wellsfargo.com/credit_cards/cashback/

The only differences I can see are the introductory rates (the regular card has 0% for six months) and the fact that you can pick different designs for the normal one (which I like more). The APR for the cards after the introductory rates are the same, as are the default rates, overdraft protection rates, cash advance rates etc. Any finance gurus able to pick out any other differences, or should I just go ahead with that normal card?

https://static.bf2s.com/files/user/36793/marylandsig.jpg

2009-09-21 16:37:57

#2

farmerfez: o wut?; +78|6933

just go with a debit card so you don't run into all that fuss about debt and shit.

2009-09-21 16:44:43

#3

CameronPoe: Member; +2,925|6958

Why don't you just save up for what you want to buy and be done with cards?

2009-09-21 16:45:44

#4

Sydney: 2λчиэλ; +783|7246|Reykjavík, Iceland.

Pre-paid credit card ftw.

All the features with none of the debt

2009-09-21 16:47:36

#5

Macbeth: Banned; +2,444|5988

CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?

or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.

2009-09-21 16:49:53

#6

CameronPoe: Member; +2,925|6958

Macbeth wrote:
CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.

Doesn't your deposit account balance establish your creditworthiness?

2009-09-21 16:52:00

#7

Macbeth: Banned; +2,444|5988

CameronPoe wrote:
Macbeth wrote:
CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.
Doesn't your deposit account balance establish your creditworthiness?

Um no, credit score which records your ability to pay off your debts in a timely fashion.

2009-09-21 16:52:18

#8

SEREMAKER: BABYMAKIN EXPERT √; +2,187|6971|Mountains of NC

CameronPoe wrote:
Macbeth wrote:
CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.
Doesn't your deposit account balance establish your creditworthiness?

nope

You could have a million in your savings account but if you don't have credit history you don't get shit

_{yes I know with a million who needs credit}

https://static.bf2s.com/files/user/17445/carhartt.jpg

2009-09-21 16:54:44

#9

13rin: Member; +977|6882

Macbeth wrote:
CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.

What the fuck have you done with Macbeth?

I stood in line for four hours. They better give me a Wal-Mart gift card, or something. - Rodney Booker, Job Fair attendee.

2009-09-21 16:55:47

#10

SEREMAKER: BABYMAKIN EXPERT √; +2,187|6971|Mountains of NC

if it was me I would do the college card

2009-09-21 16:59:18

#11

Macbeth: Banned; +2,444|5988

DBBrinson1 wrote:
Macbeth wrote:
CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.
What the fuck have you done with Macbeth?

Excuse me?

2009-09-21 17:24:08

#12

Pug: UR father's brother's nephew's former roommate; +652|6945|Texas - Bigger than France

CameronPoe wrote:
Why don't you just save up for what you want to buy and be done with cards?

To establish a credit line so you can buy a house later. You get a better % if you prove you can pay it off.

For instance, the wife loved charging before we were married. She had a blip, but then proved for probably about six years she could pay it off every month.

For me, I was fortunate enough to never use a credit card. Bought my car with cash, paid for education with cash, etc.

When we qualified for a mortgage for the first house, we used her credit rating because her's was better...a lower rate. Despite the fact I had money to put 50% down if I wanted to.

Another story. Friend of mine had daddy pay for college (I paid my own btw). Daddy cosigned an American Express card for this person for the express purpose of charging her college tuition on the card...to get air miles. Zip...college paid. Zip...paid off card next day. Consequently, she's got a credit card with a $120k limit, and can borrow at the lowest rate...despite the fact she was cut off after college.

So yeah, I hear ya...credit is bad...unless you can pay it off every month.

Last edited by Pug (2009-09-21 17:25:25)

2009-09-21 17:26:02

#13

ATG: Banned; +5,233|6932|Global Command

Credit Unions usually cap interest @ 15%.

Other than that, fech um, they are all crooks.

2009-09-21 17:27:24

#14

KEN-JENNINGS: I am all that is MOD!; +2,991|7034|949

Macbeth wrote:
CameronPoe wrote:
Macbeth wrote:
or you could get a card, save up the cash, put it on the card and pay it off, to establish your credit and leave the card home.
Doesn't your deposit account balance establish your creditworthiness?
Um no, credit score which records your ability to pay off your debts in a timely fashion.

It also depends on the amount of money you borrow. Paying off your $300 balance over and over isn't going to get you a credit score of 750. You have to keep upping your balance too.

2009-09-21 17:29:42

#15

jsnipy: ...; +3,277|6925|...

amex or gtfo

2009-09-21 17:40:38

#16

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6104|College Park, MD

jsnipy wrote:
amex or gtfo

How so? AmEx isn't as widely accepted as Visa or MasterCard

edit: I know about debit cards and currently use one. I plan on treating my credit card like a debit card... as in only spending what I know I can pay off. That way I will build / maintain a good credit, which will help me in the long run with getting loans and other things (for instance, I know cell phone companies might require a deposit from a new customer if their credit is really bad).

Last edited by Hurricane2k9 (2009-09-21 17:41:45)

2009-09-21 17:41:25

#17

jsnipy: ...; +3,277|6925|...

Hurricane2k9 wrote:
jsnipy wrote:
amex or gtfo
How so? AmEx isn't as widely accepted as Visa or MasterCard

rewards points ... otherwise why even use a credit card

2009-09-21 17:43:21

#18

Pug: UR father's brother's nephew's former roommate; +652|6945|Texas - Bigger than France

Hurricane2k9 wrote:
jsnipy wrote:
amex or gtfo
How so? AmEx isn't as widely accepted as Visa or MasterCard

edit: I know about debit cards and currently use one. I plan on treating my credit card like a debit card... as in only spending what I know I can pay off. That way I will build / maintain a good credit, which will help me in the long run with getting loans and other things (for instance, I know cell phone companies might require a deposit from a new customer if their credit is really bad).

Then focus on the points...air miles or whatever...and the annual fee.

2009-09-21 17:46:52

#19

Hurricane2k9: Pendulous Sweaty Balls; +1,538|6104|College Park, MD

Pug wrote:
Hurricane2k9 wrote:
jsnipy wrote:
amex or gtfo
How so? AmEx isn't as widely accepted as Visa or MasterCard

edit: I know about debit cards and currently use one. I plan on treating my credit card like a debit card... as in only spending what I know I can pay off. That way I will build / maintain a good credit, which will help me in the long run with getting loans and other things (for instance, I know cell phone companies might require a deposit from a new customer if their credit is really bad).
Then focus on the points...air miles or whatever...and the annual fee.

Well, neither of these has an annual fee which is nice. And they both offer cashback.

2009-09-21 17:51:53

#20

Sydney: 2λчиэλ; +783|7246|Reykjavík, Iceland.

jsnipy wrote:
Hurricane2k9 wrote:
jsnipy wrote:
amex or gtfo
How so? AmEx isn't as widely accepted as Visa or MasterCard
rewards points ... otherwise why even use a credit card

Debit cards cost a quarter or something every time you use them at a store, credit cards don't. Which is why in the long run, it pays off to use credit, even with the annual fee.

At least that's how it is here.

2009-09-21 17:53:50

#21

jsnipy: ...; +3,277|6925|...

Sydney wrote:
jsnipy wrote:
Hurricane2k9 wrote:

How so? AmEx isn't as widely accepted as Visa or MasterCard
rewards points ... otherwise why even use a credit card
Debit cards cost a quarter or something every time you use them at a store, credit cards don't. Which is why in the long run, it pays off to use credit, even with the annual fee.

At least that's how it is here.

Debits cards (at mine) does not yield an additional charge for me.

2009-09-21 17:54:56

#22

Pug: UR father's brother's nephew's former roommate; +652|6945|Texas - Bigger than France

Hurricane2k9 wrote:
Well, neither of these has an annual fee which is nice. And they both offer cashback.

win win

I prefer airmiles

2009-09-21 17:59:58

#23

BVC: Member; +325|7098

Credit cards, bank loans, hire-purchase agreements and the like are important for credit scores - savings are nice but they don't do shit to your rating.

My advice would be investigate debit card options - either account or prepaid.

2009-09-21 18:02:55

#24

Pug: UR father's brother's nephew's former roommate; +652|6945|Texas - Bigger than France

Pubic wrote:
Credit cards, bank loans, hire-purchase agreements and the like are important for credit scores - savings are nice but they don't do shit to your rating.

My advice would be investigate debit card options - either account or prepaid.

Not quite sure wut you mean. If your credit score is better, the lower rate you get, the lower rate you get, the more you can borrow.

2009-09-21 18:10:55

#25

SEREMAKER: BABYMAKIN EXPERT √; +2,187|6971|Mountains of NC

Pug wrote:
Pubic wrote:
Credit cards, bank loans, hire-purchase agreements and the like are important for credit scores - savings are nice but they don't do shit to your rating.

My advice would be investigate debit card options - either account or prepaid.
Not quite sure wut you mean. If your credit score is better, the lower rate you get, the lower rate you get, the more you can borrow.

lower rate yes .......... more you can borrow - not really

you can up to a certain amount then they want collateral

BF2S Forums Which credit card is better?

CameronPoe wrote:

Macbeth wrote:

CameronPoe wrote:

CameronPoe wrote:

Macbeth wrote:

CameronPoe wrote:

CameronPoe wrote:

Macbeth wrote:

CameronPoe wrote:

Macbeth wrote:

CameronPoe wrote:

DBBrinson1 wrote:

Macbeth wrote:

CameronPoe wrote:

CameronPoe wrote:

Macbeth wrote:

CameronPoe wrote:

Macbeth wrote:

jsnipy wrote:

Hurricane2k9 wrote:

jsnipy wrote:

Hurricane2k9 wrote:

jsnipy wrote:

Pug wrote:

Hurricane2k9 wrote:

jsnipy wrote:

jsnipy wrote:

Hurricane2k9 wrote:

jsnipy wrote:

Sydney wrote:

jsnipy wrote:

Hurricane2k9 wrote:

Hurricane2k9 wrote:

Pubic wrote:

Pug wrote:

Pubic wrote:

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