Hey I'm 18 and lookin to get my first credit card. I was at an American Eagle store today and when she rang me up, asked if I wanted to apply. I was surprised b/c even tho Im 18 I definitely don't look it.
Anyway I didn't apply but now wondering if I should of. The thing is the AEO credit card has like a 25% interest rate. That seems like a rip off. Does that mean if I spend $100 this month and pay my bill a month later I would have paid 1 month of interest at a 25% rate?????