amyj wrote:The answer is both yes and no. ideally, you want your credit score to be as high as possible when applying for any line of credit. However, if this is your first card or you have bad credit that may not be an option. So, in this case you need to apply now and try to build your credit by wisely using the card you do get. Keep the balance low and paid off and do not max out the card and let balances sit. CreditData has some good information on some common credit card myths that might help you.
Agreed, DO NOT EVER MAX OUT A CARD... or default on one...lol. I'm living proof, it will eat you alive for years. Doing that also jacks up people's APR's because of statistical factual data. I'm one of the iditos who blew a BoA card through the roof and didn't pay, stupid, stupid, stupid idea.