- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
You get one with a limit of $1,000 or less. If you are given a card with a higher limit, call them and tell them to cut it to $1,000.
Some day you will want to buy a plane ticket, rent a car, buy stuff online, etc., for these a credit card is invaluable. Debit cards do not offer the same protections as credit cards.
When you're making more money and have had more experience with credit your limit should go up.
I got my first card just before I turned 18. I got into debt up to my eyeballs within a few years, paid it off, did it again, paid it off, did it again...I'm out of debt now and will be staying that way.
I don't blame the cc companies for my debt, but I wish I had been more responsible. I learned; you will, too, hopefully you'll be smarter at the outset.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.