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Getting my First Credit Card, any advice? (Page 2)
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Randman
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Join Date: Mar 2004
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Jun 24, 2004, 07:07 AM
 
I'd throw it away if I were you.
Or keep it in the bottom of the drawer unless you're going out of the country on holiday.
Never use it for cash advances. That'll kill you. Never take it anywhere near a casino. Never take it to an electronics shop. Never take it to a strip club,

Unless you have something terminal and you're going to kick the bucket in less than a year. Then rack up as much bling-bling as you can and have some fun.

Credit is like crack. Easy to get and even easier to ruin your life with.

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winwintoo
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Jun 24, 2004, 07:41 AM
 
So much advice, most of it good I'm sure.

My experience. I've had lots of credit cards, never had a problem with the cards - except I spent too much, my bad.

Recently though, I bought a new computer and handed the dude my Mastercard. He fiddled with his point of sale computer for a while and then turned to me real disgusted and said "you must have a limit on this card". I knew I had lots of room to spare, but I handed him my Visa instead and the transaction went through without a hitch. For the next week or so, I was real busy so didn't pay much attention, but I noticed that I couldn't even buy a stick of gum with my Mastercard.

Finally I did some checking and found that my Masterdcard account on-line was suspended so I called them and turns out that when the dummy at the computer store first entered the transaction, MC flagged it as unusual (I don't usually charge more than $2K at a time) so they flashed him a message to call them. He ignored the message and tried to put the transaction through again so they flagged it as possibly stolen and suspended the account and as soon as they spoke to me they re-instated it.

Mastercard acted quickly to protect me.

On the other hand. My Visa was already close to maxed out but they not only covered the computer purchase, they upped my limit by more than double the cost of the computer. A policy that not only didn't protect me in case of fraud, it could make things worse in the long run.

Just one more thing to consider.

m
     
plus_c
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Join Date: May 2004
Location: Philadelphia (temporarily in Washington DC)
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Jun 24, 2004, 02:57 PM
 
I'm 19, and I've had a credit card for about a year now. I've found that MBNA has some really good rates for first-time card holders. The best part? They start you off with a tiny credit limit (mine was $500 at first) so you can't land yourself in too much hot water. Used responsibly, credit cards can be okay. Just remember to pay the balance off, and not to spend money you really don't have.

winwintoo, that store clerk that handled your computer was an idiot. Computer stores should get the verification message fairly often - it's not like computers are small-time purchases that most cardholders make every day. I've worked at a campus computer store, and I've gotten that message on many a 15" PowerBook. Do you remember that guy's name? If you do, go back to the store and talk to the manager - his idiocy caused you a week of inconvenience, and I bet you're neither the first nor last person he's done that to.
     
winwintoo
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Jun 24, 2004, 03:47 PM
 
Originally posted by plus_c:


winwintoo, that store clerk that handled your computer was an idiot. Computer stores should get the verification message fairly often - it's not like computers are small-time purchases that most cardholders make every day. I've worked at a campus computer store, and I've gotten that message on many a 15" PowerBook. Do you remember that guy's name? If you do, go back to the store and talk to the manager - his idiocy caused you a week of inconvenience, and I bet you're neither the first nor last person he's done that to.
I forgot to mention, he was the manager!! While he was screwing up my credit card, he was also selling us an iMac for my mother and *forgot* to tell us that it was old stock and didn't have Panther on it.

We took the iMac back when the Panther they sold us wouldn't load and they *graciously* refunded our money after we cleared out the store with our explanation of the original transaction. We didn't even have to raise our voices hehehehe

I haven't decided if he's suffered enough................m
     
 
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