Looking to get my first credit card, need some advice.

[SithSolo1]

Can an authorized user built credit or do they just share the credit of the primary holder?

 

[DaWhim]

Originally posted by: SithSolo1
Can an authorized user built credit or do they just share the credit of the primary holder?

yes, in some cases. I suggest you to check your credit report now to see if you can your mom's credit history under yours. that happens.

you don't really share the credit with the primary holder. primary holder is the one being bills.

 

[SithSolo1]

Originally posted by: DaWhim

Originally posted by: SithSolo1
Can an authorized user built credit or do they just share the credit of the primary holder?

yes, in some cases. I suggest you to check your credit report now to see if you can your mom's credit history under yours. that happens.

you don't really share the credit with the primary holder. primary holder is the one being bills.

Ok thx. One last stupid quest, how/where do I check my credit report?

 

[TallBill]

https://www.annualcreditreport.com/cra/index.jsp


Checks with all 3 big companies.. 10 seconds of google sure was tough.

 

[DaWhim]

http://www.freecreditreport.com/ also works.

 

[SithSolo1]

Well that can't be good, my score is 666. :Q

 

[DaWhim]

Originally posted by: SithSolo1
Well that can't be good, my score is 666. :Q

😀

above 650 for a starter is pretty good, at least you have a credit score. how long is your credit history? probably have to thank your mom for that.

it will go up gradually, as long as you do it right.

 

[TallBill]

Originally posted by: DaWhim

Originally posted by: SithSolo1
Well that can't be good, my score is 666. :Q

😀

above 650 for a starter is pretty good, at least you have a credit score. how long is your credit history? probably have to thank your mom for that.

it will go up gradually, as long as you do it right.

I've still never looked up my actual score. For the free credit report one, it includes score, but you have to put in a credit card?

"Your credit card will not be charged during the free trial period. However, valid credit card information is required to establish your account."

Uh, is it easy to cancel my "trial period"? wtf...

 

[SithSolo1]

Originally posted by: DaWhim

Originally posted by: SithSolo1
Well that can't be good, my score is 666. :Q

😀

above 650 for a starter is pretty good, at least you have a credit score. how long is your credit history? probably have to thank your mom for that.

it will go up gradually, as long as you do it right.

I dunno, it says "The length of time your accounts have been established is relatively short." I think I've been an authorized user for 2-3 years. What do you think my odds of getting my own card with that score are?

 

[DaWhim]

Originally posted by: TallBill

I've still never looked up my actual score. For the free credit report one, it includes score, but you have to put in a credit card?

"Your credit card will not be charged during the free trial period. However, valid credit card information is required to establish your account."

Uh, is it easy to cancel my "trial period"? wtf...

buddy, get a cc from providian. they show me my credit score 🙂 that's the ONLY reason I have an account with them.

When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 30-day trial period, you will be billed $12.95 for each month that you continue your membership.

you can cancel it in 30-day trial period. there may be hassle while trying to cancel the service, but I am sure OP will think it is worth it.

 

[DaWhim]

Originally posted by: SithSolo1

I dunno, it says "The length of time your accounts have been established is relatively short." I think I've been an authorized user for 2-3 years. What do you think my odds of getting my own card with that score are?

I don't see why you can't get one with 666 credit score. make sure you apply student card, pretty much guaranteed. what credit card do you have right now? try to apply one from that financial institution, since they have your history, it should be easier that way.

pre-approved letters are also good in your in case. make sure you read the terms before applying to them.

 

[SithSolo1]

It's an MBNA Platnium Plus mastercard

 

[TallBill]

Originally posted by: DaWhim

Originally posted by: TallBill

I've still never looked up my actual score. For the free credit report one, it includes score, but you have to put in a credit card?

"Your credit card will not be charged during the free trial period. However, valid credit card information is required to establish your account."

Uh, is it easy to cancel my "trial period"? wtf...

buddy, get a cc from providian. they show me my credit score 🙂 that's the ONLY reason I have an account with them.

When you order your free report here, you will begin your free trial membership in Triple AdvantageSM Credit Monitoring. If you don't cancel your membership within the 30-day trial period, you will be billed $12.95 for each month that you continue your membership.

you can cancel it in 30-day trial period. there may be hassle while trying to cancel the service, but I am sure OP will think it is worth it.

Nawh, I just got my first credit card like 8 months ago w/ USAA at the age of 22. 2 months later, got added to my wife's card. 2 months later increased limit of my USAA card to $2,000. And now, just 2 months later, I just got an Amazon Visa.

We never hold balance on anything, but I dont wanna keep applying and applying.

Right now I have 3 debit cards, and 3 credit cards. It'd suck if my wallet got stolen.

 

[Agnostos Insania]

If you can I'd suggest to stay away from credit cards. They make their money screwing over young people that can't see through the smoke and mirrors. Maybe when you get older and have money the convenience is nice, but I wouldn't suggest it at such a young age.
(I'm 21, so maybe I'm wrong)

 

[TallBill]

Originally posted by: Agnostos Insania
If you can I'd suggest to stay away from credit cards. They make their money screwing over young people that can't see through the smoke and mirrors. Maybe when you get older and have money the convenience is nice, but I wouldn't suggest it at such a young age.
(I'm 21, so maybe I'm wrong)

There are no smoke and mirrors. Use credit card whenever. Go online and pay bill. Done. Keep a zero balance, dont get raped.

If you are starving and about to go homeless, its ok to hold a balance, but you better not let them pile up to high.

 

[DaWhim]

Originally posted by: TallBill
Nawh, I just got my first credit card like 8 months ago w/ USAA at the age of 22. 2 months later, got added to my wife's card. 2 months later increased limit of my USAA card to $2,000. And now, just 2 months later, I just got an Amazon Visa.

We never hold balance on anything, but I dont wanna keep applying and applying.

Right now I have 3 debit cards, and 3 credit cards. It'd suck if my wallet got stolen.

I am 21y/o with 15+ opened line of credits. right now, I have a credit score of 728. it dropped because I am playing with 0% APR. I am going to pay that off soon.