So I was just approved for a credit card.

[daveymark]

what is the name of the card/company? What kind of card is it?

 

[stan394]

i never know what's the rate on my card. I just care how much cashback I can get

 

[RossMAN]

Originally posted by: Eli

Originally posted by: SmoochyTX

Originally posted by: Eli

Originally posted by: SmoochyTX
Why even have it? If the rate is that high, your credit must not be that great. I would stick with the card(s) you have already and build them up for a year or so by putting something on it/them and paying it off. Next year, apply and get a credit card with a lower rate and transfer any balance you have on the higher rate cards to that one.

It's not that great only because I have a high debt:limit ratio due to the recent hard times. And even then it's not overly terrible, my FICO score is around 650.

Once I get a job, I'm going to pay the balances down quickly and all should be good.

OK. Well all of what you just said is not very rational thinking.

I understand you want credit for a backup but you're already unemployed and even worse, there's Christmas coming up. At this point, if you can't pay for your purchase(s) with cash you shouldn't be buying anything. You already have at least one credit card (according to your original post) so if you're even thinking in the back of your mind as using this one as a backup you're already in over your head.

Once you get a job, pay down your debts that you currently have and apply for a credit card with a lower rate when you are in a better situation.

Good luck to you. I know how badly it sucks being in your position.

Indeed, but things are still looking up for me. Even though I lost my girlfriend, I'm clean.. I shouldn't have that much trouble finding a job.

If I don't find a job in the next couple of weeks, a credit card at 29.9% will be the least of my worries. :Q

I'm going to try and get a job at Intel. I have a few friends that work there, and they just lost like 6 people.. so they've been telling me to get in on it.

It's just menial work, but still... saying "I work at Intel" just sounds good.

Good luck on the job! If you get it, that will be a bitch of a commute, won't it?

#72 to 82nd Ave MAX station.
MAX from NE 82nd to Beaverton/Hillsboro.
Another bus or two probably.