Need advice for getting a new card

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Need advice for getting a new card

Postby lewiedaddoo » Thu Sep 29, 2011 9:31 pm

OK, so I'm thinking of applying for a credit card. I have none.

Just a general question to start: if I need to pay a $2,500 bill off in two months, is it realistic to get a card to pay it in that time? If so, about how much time will I have to pay it off before a horrible interest rate kills me?

I have decent credit, no real idea what the score is, though. Is this possible or a pipe dream?

I guess another option would be a loan, but I have no idea about that either. Please let me know what you guys think. Thanks.

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Postby DavidNY » Sat Oct 01, 2011 10:57 am

You need to figure out if the interest on a credit card would be more than any late fees you might have to pay as a result of paying the bill over time. You could also call your creditor and work out a payment plan without the need for credit cards.

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Postby Money card » Sat Oct 01, 2011 4:38 pm

it also depends how much money you have in your checking account and how much you bring home.

Citi has cards that have 0% interest for 12 months. however since you have 0 cards I would suggest TD bank. check them out go to a few branches with somebody like your Dad and explain to them your situation. also key bank is a good idea however I don't know what their interest rate starts at .

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Postby naomibatac » Wed Oct 05, 2011 8:47 am

Most of the time, it is better to talk with creditor for a more affordable and convenient payment scheme before getting another loan or applying for a credit card to pay off loans. You will be burdened with too much interest. Also, 0 APR for 6 or 12 months is really not a relief because after that period the interest will be very high.
[size=60]I don't have any relationship to the credit cards or companies discussed here. I am solely a regular member of this forum with no direct financial rewards from this site. My opinions are solely mine.[/size]

A mom of 3 and currently living life, and working for credit card helpline, a company dedicated to helping people get out of credit card debt.

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