Go Back   Ford Truck Enthusiasts Forums > General > The Next Generation
Sign in using an external account
Register Forgot Password?


The Next Generation For those ages 15-25.

Welcome to Ford-Trucks Forums!
Welcome to Ford-Trucks.com.

You are currently viewing our forums as a guest, which gives you limited access to view most discussions and access our other features. By joining our community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the Ford-Trucks Forums community today!





 
Reply
 
 
 
 
LinkBack Thread Tools Search this Thread
  #1  
Old 05-01-2006, 09:13 PM
muscletruck7379's Avatar
muscletruck7379 muscletruck7379 is offline
Postmaster
 
Join Date: Apr 2003
Location: Harrisburg, NE
Posts: 2,654
muscletruck7379 has a good reputation on FTE.muscletruck7379 has a good reputation on FTE.muscletruck7379 has a good reputation on FTE.
credit cards

how many of you have credit cards and how was you able to get them? i have applied for a few student cards that are supposed to help you get started off for your credit (i could take out a loan at the bank, kinda a refinace of my car) but right now i would like to have a card to finish off my bronco (not cause i want the newest cd on the shelf) but they keep on telling me no because of no credit or not enough credit. and i really dont want to do a prepaid. because i plan to pay it off this summer when i go from part to full time. I understand the typical card lingo, and i know how to notice a bad card when i see one, but its kinda begining to become confusing.
__________________
1973 f250 highboy 4x4
1984 full size bronco, -DIS, wide band megasquirted 300 and np435 w/ dual range aux tranny on the way! - finally updated! 12/29/2011
1988 f150 extended cab 4x4, mostly stock.
1984 mercury capri, 5.0 conversion, my little monster...
1961 ford falcon, all stock, in family since '68
Reply With Quote
  #2  
Old 05-01-2006, 10:32 PM
jake00's Avatar
jake00 jake00 is offline
FTE is my crack
 
Join Date: Apr 2004
Location: NW burbs of chicago
Posts: 13,496
jake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant futurejake00 has a brilliant future
try capitol one, or look into a secured card

try here
http://www.creditcards.com/
__________________
Past rides
06 F250 CC v10 4x4 Lariat bought 5/08 for 20k sold 10/10 for 20K.
RIP BIG GREEN owned her from 08.17.04 - 05.10.08
Reply With Quote
  #3  
Old 05-01-2006, 10:32 PM
NDrum2005's Avatar
NDrum2005 NDrum2005 is offline
Senior User
 
Join Date: May 2003
Posts: 255
NDrum2005 is starting off with a positive reputation.
I got my first credit card, at 18, from Capital One. Ive found that applying for cards online doesnt work too well. I just wait until I get an offer in the mail, and apply that way. Right now, a Visa card will probably be the easiest to get, with Mastercard being the second. You can just go ahead and froget about a Disco or AMex card for a few years. Also, be prepared for a very low credit limit (200-400), and a high interest rate (20%-25%). Right now, I have two credit cards....my CapitalOne Visa (400 limit), and a Chase Mastercard (200 limit).

Probably the most important thing is to NEVER get a card with any kinds of fees. I got an offer just the other day for a card with a $100 account setup fee, $50 card activation fee, $20 monthly maintenance fee, and a $75 yearly fee. By the time they bill you for all of those fees, you are over your credit limit, and you get slapped with another fee, and a higher interest rate. Both of my credit cards have no fees, other than finance charges.

One other note on applying for a card. Each time you apply for credit, a credit inquiry goes on your credit report. Too many of these will also prevent you from getting a credit card, and it takes two years for them to go away.

Also, once you get a card, dont apply for another one from the same company in a short period of time.
Reply With Quote
  #4  
Old 05-01-2006, 11:41 PM
bf250's Avatar
bf250 bf250 is offline
Post Fiend
 
Join Date: Dec 2005
Posts: 6,110
bf250 is a splendid one to beholdbf250 is a splendid one to beholdbf250 is a splendid one to beholdbf250 is a splendid one to beholdbf250 is a splendid one to beholdbf250 is a splendid one to beholdbf250 is a splendid one to behold
capital one is what i started out with, defintly not the best, but got to start out somewhere. i later on canx it and got a chase card after my credit got better.
__________________
current ride - 2003 explorer, 4x4, v8

ford trucks i have previously owned
1972 f250 1989 f250
1995 f350 2004 f250
2006 f250

will get a truck again!
Reply With Quote
  #5  
Old 05-02-2006, 02:10 AM
sirkt's Avatar
sirkt sirkt is offline
Senior User
 
Join Date: Mar 2006
Location: Moscow ID
Posts: 205
sirkt is starting off with a positive reputation.
try a secured card form your bank. you put money in a savings account and that is used as you credit limit. that's what i have and it has helped build the credit rating.

(sorry about the all lowercase i just finished typing a paper and am too lazy to use the shift key now )
__________________
Tyde

Opportunity is missed by most people because it is dressed in overalls and looks like work.
~Thomas Edison

1997 Explorer XLT 302/V8 auto
1993 FSB 302/V8 auto (donor truck)
1992 FSB 302/V8 5 speed (wrecked)
1977 F-150 400/V8 auto

Reply With Quote
  #6  
Old 05-02-2006, 09:57 AM
buckeyebronco's Avatar
buckeyebronco buckeyebronco is offline
Elder User
 
Join Date: May 2003
Location: Orlando, FL
Posts: 569
buckeyebronco is starting off with a positive reputation.
I am 23 and have never had a credit card, I also have very good credit. The way I built mine was through bank loans for my truck, school loans, cell phone, and utility bills paid on time, etc. The best thing you can do is pay all of your bills on time or early if there is no penalty for paying early. The only bad thing about doing it this way is that the bank always wants something that can be easily collected as collateral, i.e. your truck.
__________________
90 Bronco XLT Rust Bucket
Reply With Quote
  #7  
Old 05-02-2006, 11:18 AM
ATC Crazy's Avatar
ATC Crazy ATC Crazy is offline
Postmaster
 
Join Date: Jun 2003
Location: Roanoke, VA
Posts: 4,542
ATC Crazy has a very good reputation on FTE.ATC Crazy has a very good reputation on FTE.ATC Crazy has a very good reputation on FTE.ATC Crazy has a very good reputation on FTE.
Quote:
Originally Posted by sirkt
try a secured card form your bank. you put money in a savings account and that is used as you credit limit. that's what i have and it has helped build the credit rating.
Are you talking about a Debit card? I have one and think it's a great idea for younger adults. No monthly bill, no interest, no fees, and your limit is what you make. No credit card debt either...
__________________
-2007 Dodge Ram 2500 4x4
-1988 F350 4x4 7.3L IDI
-1988 F350 Dually 466

Reply With Quote
  #8  
Old 05-02-2006, 06:48 PM
sirkt's Avatar
sirkt sirkt is offline
Senior User
 
Join Date: Mar 2006
Location: Moscow ID
Posts: 205
sirkt is starting off with a positive reputation.
Quote:
Originally Posted by ATC Crazy
Are you talking about a Debit card? I have one and think it's a great idea for younger adults. No monthly bill, no interest, no fees, and your limit is what you make. No credit card debt either...
No, a debit card withdraws money from your checking account as soon as you purcahse something.

My bank (US Bank) offers a sercured credit card. They open a "Savings Account" for you where you put in money for your credit limit (for me $500) When you make a purchase you do not withdrawl from the account it stays in the account and gives the bank insurance in case you don't pay. Each month you get a staement (like a normal credit card) and you pay the bank back how much you spent, and if you don't they will charge intrest.

I don't know if all banks have this service but mine does and I think it is a safer way to build your credit.
__________________
Tyde

Opportunity is missed by most people because it is dressed in overalls and looks like work.
~Thomas Edison

1997 Explorer XLT 302/V8 auto
1993 FSB 302/V8 auto (donor truck)
1992 FSB 302/V8 5 speed (wrecked)
1977 F-150 400/V8 auto

Reply With Quote
  #9  
Old 05-02-2006, 07:15 PM
FghtinIrshNvrDie's Avatar
FghtinIrshNvrDie FghtinIrshNvrDie is offline
Postmaster
 
Join Date: Jun 2004
Location: Pleasant Hill, MO
Posts: 3,759
FghtinIrshNvrDie has a good reputation on FTE.FghtinIrshNvrDie has a good reputation on FTE.FghtinIrshNvrDie has a good reputation on FTE.
Whatever you do, just get one, and don't use it heavily. Buy gas, pay it off the next month.

I got my first one a year ago, and have used it like 5 times, tops. I don't like to use it. You should hear how my mom goes on and on though... Always telling me how I shouldn't use it and asking me if I have a balance. It's very entertaining.

Ryan
__________________
94 5.8L E40D
Let your computer help cure cancer! Join the:FTE Folding @ Home Team
Reply With Quote
  #10  
Old 05-03-2006, 12:02 AM
Aerotrash Aerotrash is offline
Freshman User
 
Join Date: Feb 2006
Posts: 41
Aerotrash is starting off with a positive reputation.
I thought Student Loans were not calculated into your credit score?
Reply With Quote
  #11  
Old 05-03-2006, 09:06 AM
skilife17's Avatar
skilife17 skilife17 is offline
Elder User
 
Join Date: Nov 2005
Location: Cottage Grove, Minnesota
Posts: 788
skilife17 is starting off with a positive reputation.
I got a student credit card through my bank. I have used it for gas once all the other times it is for stuff that is $5-15. I don't really like to use it that often.
__________________
1997 F150 Lariat Scab
230,000 miles
4.6L auto 4x4 3.55 (gone)

2000 Chevy Silverado Z71 5.3
111,300 miles
Reply With Quote
  #12  
Old 05-04-2006, 09:02 PM
Franken-Truck's Avatar
Franken-Truck Franken-Truck is offline
Postmaster
 
Join Date: Apr 2003
Location: Virginia Beach
Posts: 3,587
Franken-Truck has a very good reputation on FTE.Franken-Truck has a very good reputation on FTE.Franken-Truck has a very good reputation on FTE.
I have a Sears card (closest thing to a credit card I have) that needs to be payed off. Man is it easy to buy stuff with that thing. . .thats why I only use a debit card now. Still easy to spend, but at least I can't rack up debt with it.
__________________
Steve
2004 F150 STX
1978 F-250 4X4
1987 F-250 4x4
VIRGINIA CHAPTER
Virginia Chapter Website
Reply With Quote
  #13  
Old 05-06-2006, 12:56 AM
Peter94's Avatar
Peter94 Peter94 is offline
Postmaster
 
Join Date: Aug 2003
Location: St. Peter
Posts: 2,873
Peter94 is gaining momentum as a positive member of FTE.Peter94 is gaining momentum as a positive member of FTE.
Yeah, i love this catch-22. You cant get a card without credit, and you cant get credit without a card. Go figure. I"ve had a checking account since I was 16 and have written out over 400 checks, havent bounced one either. Every time i apply for a card i get the "insufficient credit backround" its really starting to make me angry. I have gotten a credit card for a clothing store, i guess i should buy some cloths on it to build up a good credit record. My problem is its a store where its like 60 bucks for a pair of jeans. I like getting the 12 dollar ones from walmart and trashing them. Anyone got any good sites where someone can apply for a credit card and get a low limit on it or anything?
__________________
2004 F150 FX4 Crew Cab
85 4x4 5.0L F150 Reg Cab-What the heck should I do with this thing?

Reply With Quote
  #14  
Old 05-06-2006, 11:47 AM
MisterCMK's Avatar
MisterCMK MisterCMK is offline
Avid Winter Hater
 
Join Date: Mar 2003
Location: Maple Grove, MN
Posts: 19,307
MisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputationMisterCMK has a superb reputation
Don't use a credit card to finish your truck. Thats a bad idea.

Just wait until you have the money and do it that way. Having credit card debt SUCKS
__________________
Chris - Avid Winter Hater
2007 F-250 XLT 4x4 CC SB 6.0 PSD - ARP, IPR Gen2 EGR Delete, 4" turbo-back, no muffler, no cat, 6.4 banjo bolts, SCT X3, EA 270A Alt, coolant filter, air bags, Ranchos, etc.
1994 Mustang GT - HCI, Novi2k blower, MM suspension parts, etc
Hope & A Prayer Motorsports
Reply With Quote
  #15  
Old 05-07-2006, 08:34 AM
Jmudder79's Avatar
Jmudder79 Jmudder79 is offline
Elder User
 
Join Date: Feb 2006
Location: New Gretna, New Jersey
Posts: 694
Jmudder79 has a good reputation on FTE.Jmudder79 has a good reputation on FTE.
When I wanted my first card to order truck parts with I couldn't get one to save my life. Now that I have a few they won't stop sending me the friggin things.
__________________
You may be a redneck if . . . you have spent more on your pickup truck than on your education.
Reply With Quote
Old 05-07-2006, 08:34 AM
 
 
 
Reply

Go Back   Ford Truck Enthusiasts Forums > General > The Next Generation

Tags
cards, credit, ford, trucks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump



All times are GMT -5. The time now is 12:02 AM.


Powered by vBulletin® Version 3.8.7 AC1
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Advertising - Terms of Use - Privacy Statement - Jobs
This forum is owned and operated by Internet Brands, Inc., a Delaware corporation. It is not authorized or endorsed by the Ford Motor Company and is not affiliated with the Ford Motor Company or its related companies in any way. FordŽ is a registered trademark of the Ford Motor Company.

vbulletin Admin Backup