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  #1 ()
unwrelemfu :

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  #2 ()
Soosparobsera : testing tiny objects under extreme pressure. One amazing discovery is that microbes can live under these high pressures.
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  #3 ()
dicSlulpcut : If a credit card company or bank lets you apply for a credit card and approves you even if you don't have the proper requirements. Is that credit card fraud?
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  #4 ()
Amommagum : When it doubt, call the credit card after you get the card to confirm that you were approved or not
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  #5 ()
coachoutletolgh : I'm a responsible 18 year old going into my first year of college. In the future I plan on traveling a lot, with my job and studying abroad, so I am looking into applying for an AAdvantage credit card. I am already a frequent flyer, so I have a collection of miles.

I have had my own debit card for 2 years, so I have learned to keep track of my money and only spend money that I have.

My mother has given me the advice to just apply for an USAA credit card, but told me to make my own choice.

Thanks for any opinions and advice.
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  #6 ()
Aredaqueerb : 1. Don't fall for those airline gimmick cards.
They never amount to more than 1% cash back.
And it's easy to find 1% cash back cards out there.
Capital One Rewards and Bank of America 123 are good ones.
You can do a bit of searching on, then click on credit cards for cash back.
Not sure what USAA offers in cash back or why it's a good card.

2. You will need to call and have your mom be "joint" in the account with you.
New regulations are in place which will make it impossible to get these cards on your own
They required top credit and sufficient yearly income.

3. Always pay credit cards in full for top credit scores.
Never mess up your life by carrying balances.
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  #7 ()
Asyncinaccich : As a guy who just got out of college, my advice would be not to apply for a credit card. I have seen many of my peers fall into the trap of, "I am responsible with my money so therefore I can handle a CC." Well, unfortunately, school is pretty hectic and you will be busy beyond belief and you may at some point forget to pay it off. I understand the reasoning that you wish to go ahead and start accruing some miles/points. But for that to really make a significant difference you would need to spend a decent sum of money and when you're in college, that's the one thing you need to be saving. You may find yourself justifying spending money by saying that it goes to your trip funds and blah blah blah. So here's my advice, go your first year of college without a CC and make your decision the following year.
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  #8 ()
ScooneHeelt : You sound like you're responsible and careful. That's the first step. The second one is to do a little research and find the one that has the best interest rates and does not offer a "deal" for a little while that will backfire later.

One common mistake people make when getting a credit card is that they are sucked in by a very low interest rate which is offered as an introductory deal, then fail to read the fine print which tells them that if they ever make even one late payment that the interest rate will triple or quadruple! Goodbye good deal.

Another one is fees: a lot of credit cards, especially those offered to first timers, will have fees that are usurious--annual fees, late payment fees, low-balance fees--and so on. A reliable company will not charge as MUCH for these--but most card companies do charge them. Only very credit-worthy customers can get no-fee cards. You will most likely pay an annual fee. What you want to avoid are those higher, hidden fees that the companies charge for things you might not expect--such as NOT carrying an open credit balance on the card. In other words, they penalize you for NOT having debts or for paying off the entire balance every month. You want to try to avoid those.

Also avoid the traps of getting those "convenience checks" from your card company. They are given to people who have paid on time and as agreed sometimes--and they are very tempting because they temporarily "up" your credit limit for a large purchase--but they can cost you huge amounts in interest. They are not always at the same rate of interest as the normal balance on your card.

If you can, read through the entire fine print brochures that the card companies publish--they may be hard to find in some cases, but you need to know exactly what they can and cannot charge you for using the card.

Don't be seduced by airline miles either--they are nice if you can really use them before they expire or on things you really want to use them for--but sometimes they are so riddled with "conditions" they aren't worth the extra interest rate you might pay if you get them.

Your mom is probably right--USAA is a great financial institution and doesn't load up their products with a lot of extra fees and charges. And they have a proven track record.

Also, be careful about applying too many places in a short period of time--every hard inquiry on your credit report such as you get when applying for credit lowers your score a little bit.

And of course, pay on time, and for the first year or so, don't pay OFF the balance every month, but pay a bit more than the minimum payment--credit reports also show your "average" payment.

Good luck!
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  #9 ()
Kamrikdijro : First look into getting a secured CC. You will be using your own money. You will use it as you use your debit card, but make sure you make payment on time or pay off balance monthly. Over time your limit will be increased and you will be establishing good credit.
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  #10 ()
dombabrarturo : As of February 2010, you have to be 21 and employed full time 12/18 months without a cosigner.
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