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10-31-2007, 02:06 PM
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#1 |
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Greenhorn
Join Date: Oct 2007
Posts: 13
Rep Power: 0  |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
I ran up about $1,700 but have paid it off before they started charging me interest. My APR is 19% and I am in college. Since I have paid all my payments on time and now paid the entire thing off can I get a credit card with a lower APR?<br />
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10-31-2007, 02:06 PM
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#2 |
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Piggy Bank
Join Date: Jul 2006
Posts: 80
Rep Power: 6 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
yes but wait a bit first. dont do too many hits on your credit file.
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10-31-2007, 02:06 PM
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#3 |
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Greenhorn
Join Date: Jul 2006
Posts: 13
Rep Power: 0 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
Yeah. Go for a rewards card with no annual fee. Chase FREEDOM. Don't worry about the hits on your report. It's only a loss of two points and you're losing money on those rewards you could be earning.
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10-31-2007, 02:06 PM
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#4 |
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Piggy Bank
Join Date: Jul 2006
Posts: 54
Rep Power: 6 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
-yes I heard that the more credit cards the lower your interest rate,.,..,
good luck,.., bye http://www.transunion.com |
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10-31-2007, 02:06 PM
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#5 |
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Greenhorn
Join Date: Jul 2006
Posts: 11
Rep Power: 0 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
Yes, but go ahead and cancel the one with the interest rate of 19%. There is no need to have 2 credit cards. If you have 2 of them, you may be tempted to use both of them.
Good Luck!! |
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10-31-2007, 02:06 PM
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#6 |
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Greenhorn
Join Date: Jul 2006
Posts: 44
Rep Power: 6 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
it depends on if you save money in a bank account or not, try to visualize your family losing jobs and having no income unexpectantly. i know from experience. lost my house and all. if you have enough money in the bank to pay your bills and two credit cards then sure.
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10-31-2007, 02:06 PM
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#7 |
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Greenhorn
Join Date: Dec 2006
Location: Killa Cali
Age: 24
Posts: 15
Rep Power: 0  |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
Call the credit card company you have now, and ask them to
lower your rates. They would rather lower your rate rather than lose you as a customer. If they don't. Then shop around. <}:-}) |
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10-31-2007, 02:06 PM
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#8 |
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Piggy Bank
Join Date: Jul 2006
Posts: 59
Rep Power: 6 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
If you have no debt now, wait, the mail offers will come. If you call and ask, you are in their court.
APR's may come down, so you will be better to wait. If you need short term loan, talk to bank. But be clear you want a low amount, and for one yr, that your purpose is to help you establish good credit. |
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10-31-2007, 02:06 PM
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#9 |
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Greenhorn
Join Date: Jul 2006
Posts: 35
Rep Power: 6 |
Should I try to get a new credit card, I have had mine for 6 months and have payed it off?
Yes, 19% is a very high APR. But do NOT close this account because it is a your first one, and it will be the account with longest credit history. That would help with your credit score. It is a good idea to apply for one that have low fixed interest rate, but do only use it only if you can pay it off or just for emergency only. But do wait for another 6 months to do so, it takes sometimes for the pay off to show on your credit report. But don't keep apply for new cards, two should be good for now too many hit in a short period (that is another reason why to wait) will affect your credit score negatively too.
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