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Credit Card
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Credit, Loans & Debt
Credit Card
<font face="arial, helvetica, sans-serif" size="1">Learn how to pay down your debt, compare rates of credit cards and get the best interest rate on a loan. Tough economic times call for tough decisions.</font>
I do not have a credit card and didn't think I would ever need one, even for the convenience. I have found, however, since I have retired and am now on a limited income that a credit card would
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Cat:827966ee-6d39-4ef7-98a5-0157a43092f8Forum:e6531864-bfc7-433e-b502-f78bb46f08b0
Cat:827966ee-6d39-4ef7-98a5-0157a43092f8Forum:e6531864-bfc7-433e-b502-f78bb46f08b0Discussion:585c0f07-6939-47c1-bc0c-1e53ab48aa01
Forums » Money » Credit, Loans & Debt » Credit Card
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Credit Card
posted at February 20, 2012 3:10 PM EST
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Posts: 4
First: February 4, 2010 Last: April 7, 2012 |
I do not have a credit card and didn't think I would ever need one, even for the convenience. I have found, however, since I have retired and am now on a limited income that a credit card would be helpful to get me from one SS check to the next. I would like to have one that would provide a limited credit line of no more than $100.00. This would allow for any extra or misc. expenses until I get my SS, at least this was what I was finding was necessary. The thing is my credit is not good and I am not sure any banks have such an option. Does anyone have any suggestions or knowledge about the above options. |
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Re: Credit Card
posted at June 15, 2012 12:26 PM EDT
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Posts: 1924
First: November 27, 2011 Last: May 31, 2013 |
In Response to Credit Card: I do not have a credit card and didn't think I would ever need one, even for the convenience. I have found, however, since I have retired and am now on a limited income that a credit card would be helpful to get me from one SS check to the next. I would like to have one that would provide a limited credit line of no more than $100.00. This would allow for any extra or misc. expenses until I get my SS, at least this was what I was finding was necessary. The thing is my credit is not good and I am not sure any banks have such an option. Does anyone have any suggestions or knowledge about the above options. Posted by maxieru You can get what is called a "secured credit card". You deposit with the issuing institution a sum of money and that is how much credit they will give you. As you pay the balance off monthly, your credit will get better and after a while you can request either another card with them or someone else and get your security deposit back. Wells Fargo and Capital One are they ones that I know of that have the better secured card plans. You should not have to pay a huge fee for this setup or monthly.. |
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Re: Credit Card
posted at August 28, 2012 9:20 PM EDT
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Posts: 36
First: August 26, 2012 Last: September 9, 2012 |
In Response to Credit Card: I do not have a credit card and didn't think I would ever need one, even for the convenience. I have found, however, since I have retired and am now on a limited income that a credit card would be helpful to get me from one SS check to the next. I would like to have one that would provide a limited credit line of no more than $100.00. This would allow for any extra or misc. expenses until I get my SS, at least this was what I was finding was necessary. The thing is my credit is not good and I am not sure any banks have such an option. Does anyone have any suggestions or knowledge about the above options. Posted by maxieru You can check bankrate.com for the best credit card rates: http://www.bankrate.com/credit-cards.aspx I like USAA for banking, but, you have to be a member. Credit Unions are good, and offer the best service. CapitalOne is a rip off, and will charge you high rates. |
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Re: Credit Card
posted at May 29, 2013 12:44 PM EDT
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Posts: 2
First: May 29, 2013 Last: May 29, 2013 |
Somehow using a credit card will help you get from one SS check to the next? So that means if you need an extra $60 this month but don't have it, you'll have it next month? So in all those months you've had extra, you haven't saved any of it, which would eliminate the need for a credit card? I think you need to really look hard and re-evaluate if you really need a credit card for the reason you state, or if you're just looking for a lie to tell yourself to start building up your credit again (why is it bad to begin with?) and get more cards with higher limits. |
Forums » Money » Credit, Loans & Debt » Credit Card
