Comments on: I recently applied for a credit card and I have some important questions? http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Classy Granny http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/comment-page-1/#comment-183 Classy Granny Mon, 03 Aug 2009 05:36:26 +0000 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/#comment-183 The minimum amount due on your card will usually be 3% of the total you have ourstanding. You can take a cash advance and deposit it into your bank account, keep in mind the interest on cash advances is always higher. Example: My credit card interest is 7.99%. If I were to take a cash advance the interest is 24.99%, very expensive. The minimum amount due on your card will usually be 3% of the total you have ourstanding. You can take a cash advance and deposit it into your bank account, keep in mind the interest on cash advances is always higher. Example: My credit card interest is 7.99%. If I were to take a cash advance the interest is 24.99%, very expensive.

]]> By: bdancer222 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/comment-page-1/#comment-182 bdancer222 Thu, 30 Jul 2009 19:57:55 +0000 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/#comment-182 The minimum payment is usually about 3% of the balance. You must make at least the minimum payment by the due date. However, it is much smarter to only charge what you can afford to pay in full each month. You'll save interest and stay out of debt. The minimum payment is usually about 3% of the balance. You must make at least the minimum payment by the due date. However, it is much smarter to only charge what you can afford to pay in full each month. You’ll save interest and stay out of debt.

]]> By: Doodlebug http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/comment-page-1/#comment-181 Doodlebug Wed, 29 Jul 2009 02:08:50 +0000 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/#comment-181 I know it can really be scary when you are doing these types of things for yourself for the first time...but hey, you are just trying to be grown up..which is what you are...and I congratulate you on that... It all depends on how the cycle is or the billing cycle I should say... The amount that you will owe for the month will be a certain percentage of the total bill...you always have the option to pay the entire bill...but you must pay at least the minimum payment due... Cash advances are allowed on most cards...you can go to any ATM...use the credit card for a cash advance, get the money...put it into your bank account...but keep in mind...you will still owe this money that you have taken from the card as a cash advance..and I am sure that there is a fee for the cash advance also... If you are not sure as to how all of this works...the best thing to do is to call the customer service department and have someone explain it all to you...I know that it can be very confusing when you are trying to understand all of that mumbo jumbo under terms and conditions for the card...just pick up the phone, ask for customer service...and ask someone to explain it to you... Good luck...and I hope this helps somewhat... I know it can really be scary when you are doing these types of things for yourself for the first time…but hey, you are just trying to be grown up..which is what you are…and I congratulate you on that…
It all depends on how the cycle is or the billing cycle I should say…
The amount that you will owe for the month will be a certain percentage of the total bill…you always have the option to pay the entire bill…but you must pay at least the minimum payment due…
Cash advances are allowed on most cards…you can go to any ATM…use the credit card for a cash advance, get the money…put it into your bank account…but keep in mind…you will still owe this money that you have taken from the card as a cash advance..and I am sure that there is a fee for the cash advance also…
If you are not sure as to how all of this works…the best thing to do is to call the customer service department and have someone explain it all to you…I know that it can be very confusing when you are trying to understand all of that mumbo jumbo under terms and conditions for the card…just pick up the phone, ask for customer service…and ask someone to explain it to you…
Good luck…and I hope this helps somewhat…

]]> By: mike j http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/comment-page-1/#comment-180 mike j Sun, 26 Jul 2009 23:02:48 +0000 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/#comment-180 Lol @ no ignorant answers:) The bill will usually be around $20 a month , more if you charge 2,000..It really depends .What you should do is only use it in emergencies. And if you can just pay the whole balance at the end of the month..You'll be fine as long as you pay at least the minimum due. I'm 21 I messed up on two credit cards I'm going to pay them off the issuing banks are closing them because I haven't been paying on time :( They were my first two card. I don't have anymore credit cards. I regret not paying NO MATTER what happens or whatever argument you get into with them on the phone hun, just pay them on time. If you are a day late they charge you 39 dollars pay them on time establish good credit history..Wish you luck :) EDIT Sorry, about depositing money into your account from your card. You can do a cash advance off your card and there is a fee for that plus a high intrest rate..So it really wouldnt be a good idea unless its important. Lol @ no ignorant answers:)

The bill will usually be around $20 a month , more if you charge 2,000..It really depends .What you should do is only use it in emergencies. And if you can just pay the whole balance at the end of the month..You’ll be fine as long as you pay at least the minimum due. I’m 21 I messed up on two credit cards I’m going to pay them off the issuing banks are closing them because I haven’t been paying on time :( They were my first two card. I don’t have anymore credit cards. I regret not paying NO MATTER what happens or whatever argument you get into with them on the phone hun, just pay them on time. If you are a day late they charge you 39 dollars pay them on time establish good credit history..Wish you luck :)

EDIT

Sorry, about depositing money into your account from your card. You can do a cash advance off your card and there is a fee for that plus a high intrest rate..So it really wouldnt be a good idea unless its important.

]]> By: fyrscan http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/comment-page-1/#comment-179 fyrscan Sun, 26 Jul 2009 19:19:04 +0000 http://www.student--creditcards.com/2009/07/i-recently-applied-for-a-credit-card-and-i-have-some-important-questions/#comment-179 Payment amounts are based on each month's balance -- it'll tell you in the information that comes with the card. Moving money from the card to the bank is not wise because of the interest you'll owe -- it's higher than the interest you'll owe on purchases, and you won't earn near the interest from the bank that you'll owe on the card. Payment amounts are based on each month’s balance — it’ll tell you in the information that comes with the card. Moving money from the card to the bank is not wise because of the interest you’ll owe — it’s higher than the interest you’ll owe on purchases, and you won’t earn near the interest from the bank that you’ll owe on the card.

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