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  #1 ()
gilelditout : I am currently a college student and going to be a sophomore in this upcoming fall. I have been eager to apply for a credit card but was hesitant since the new CARD act makes it very hard for people my age (19 years old) to get a credit card unless I have co-signer or have sufficient income.

I thought I had nothing to lose if I get denied, I can try again in the future. So I applied to the Capital One Journey Card which claims is great for college students who have no credit history and are building credit. I am currently unemployed and have not worked in 2 years since I have been busy with school. But I have a checking account and savings account which has enough money in both along with my family household income. I then applied and was confirmed instantly. I was shocked and super exited. It said I should have the card in 7-10 business days. I have a 500 dollar monthly limit which I don't plan on spending that much since I plan to spend on small to medium size things or in emergencies and pay the bill instantly.

As a new card holder, I would like to know why I was approved and all since this CARD ACT makes it stricter. Is it considered a secured card? And is there any other people who have the same card? Any tips to build up y credit and the benefits of this card?

Thank You

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  #2 ()
illifecib : Because they know college students won't use it for just emergencys, and they know that some college students arent even educated about credit cards
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  #3 ()
Emaimiply : The new regulations should have pretented you from getting this card.
Are you sure you didn't have previous credit?
Did your parents ever make you an authorized user on a card when you were young?
Honestly, this sounds like what could have happened.
Did they ever get a car loan and co-signed on it with you?
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  #4 ()
Hoonorshani : It's not a secured card. And it's not a $500 MONTHLY limit; it's a $500 TOTAL limit. And, frankly, $500 isn't much of a risk for a large credit card company.

In a worst case scenario, you'd charge up the full $500 and then not pay. They would attempt to collect from you for a period of time and then sell the debt to a collection agency, thus reducing their loss. The credit card company simply moves on having had a very small loss. Meanwhile, the collection agency harasses you for years to come as your credit goes down the drain. The big loser in this scenario would be YOU.

More typically, you'd charge the card to the max of $500. More if they raise your limit. And then you pay only the minimum payment with a high interest rate. Every month you'd be paying them interest and hardly touching the principal. This is a huge win for the credit card company, plus they'd also get their annual fee if there is one. It's something of a win/lose on your credit history but at a huge cost in interest payments.

Ideally, you'll use the card cautiously and wisely. Use it only occasionally and pay off the full amount as soon as you get the statement. They'll still get that annual fee if there is one. And while they won't be making any interest off of you, they do get 3 or 4 percent from the merchant every time you make a purchase. You could potentially carry this card for the rest of your life and as a college graduate your disposable income could be quite substantial. The scenario is a win/win for everybody and well worth their initial risk of $500.

How this goes for you is entirely up to you. Be smart.
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  #5 ()
Rinopoittanny : Just a quick question. Im new to this credit card thing. I have a military star card. Just received my statement and currently owe them $1000.00 the minimum payment on the bill is saying only 30. If I pay like 200 each month to pay off my debt, will they charge me interest every month because I didnt pay off the whole amount? Sorry Im such a newbie to this credit card system
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  #6 ()
MusSmurnenusa : yes you will pay interest. you do nothing at all good for your credit paying over time in fact time payments on revolving credit show a complete inability to manage money properly
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  #7 ()
ReepExcax : If you do not pay the balance in full, you will be charged interest. Interest will be calculated based on the average daily balance (total of each day's balance, divided by the number of days) times the monthly interest rate (APR divided by 12). The more you pay, the less interest it will cost.

By the way, I don't know why Calvin is so anti- credit card, but his info is not correct. While carrying balances on credit cards of more than 30% of your limit does negatively impact your score, paying off the balance gives your score an immediate rebound. There is no permanent scar for carrying balances.
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  #8 ()
aliefique : My current backup program takes about 2-3 hours to backup changes of 10-20 files in a 16Gb backup configuration.

In short, its obviously examining every single file to see if there are changes and comparing this with the online version and this takes several hours using ftp even though it is only backing up 10-20 files that have actually changed every day.

I have found a backup program called BackupAssist and they claim that they are fast because they use rsync which only backs up the changes in the files, not the entire file! However this is not the problem with my current backup program as the files that are being changed daily are not that big. Its not taking a long time to backup the actual files. It is taking a long time to determine which files have changed.

What do I need to look for in a backup program to determine whether it can very quickly see if there are any changes in the files. I don't want it to spend 3 hours checking if anything has actually changed?

However, I like the idea of the backup program supporting rsync as we do have some sql server files which are 2GB in size. They don't change often, but when they do change, I don't want to have to replace the entire file every time.

I have looked at a lot of backup programs and none of them seem to make it clear what the quickest way to synchronise files between your windows server and the Internet backup server. Essentially it is the long synchronisation process that is the problem with my program. I have looked at Goodsync which is very good in many ways, but does not support sql databases and I have tested it out on our servers and it has too many problems with the type of files that we have. A lot of the files on the server backup side just end up as zero sized files.

I am just getting frustrated how difficult it is to find a backup program that actually works properly.

What do I need to look at for ensuring that when we are backing up our 16GB, that it only takes a few minutes to check what files have actually changed and the only backup those files. most backup programs - the problem seems to be that its taking ages to check each and every file to see which ones need to be updated I think.

thank you
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  #9 ()
Sleeryrub : that Rsync can only be fast after the 2nd back-up as the first will have to be a full...
and many/ all back up software does this but they call it the original name of incremental backups

And the speed will depend on your ISP Bandwidth.

Online back ups are good for documents, pics and small files... I would never ever trust my back up to a cloud as in the transfer process data can and will get corrupted and I don't want corrupted system files.

Best back up is on the spot and put in a off-site location.

But to each their own.

When speeds are match across the board and the transfer rate is in a least 23mbps then I might consider a online backup... but not at 1mbps.
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  #10 ()
hankon500 : I took a screenshot of it, here:
Why won't it show? D:
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