Good set of cards?

[Zar]

Thank you Carsalesmn and Smallfry! Yes, I really need a car so I'd probably get a small car loan (I don't know where yet) for both purposes, paying the car and improving my credit history.

Zar

[Anonymous]

i suggest penfed for the car loan, unless you can get into navy fcu.

[Zar]

Hi Unknown-entity! Could you please tell me what WaMu's 2 cycle billing is? I heard or read somewhere about it but I really didn't understand it well.

Thank you!

Zar

[Zar]

Oh! Thank you for the suggestions Imducky! I will take them very much into account.

Zar

[smallfry]

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@Anonymous wrote:

i suggest penfed for the car loan, unless you can get into navy fcu.

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Might as well apply for a credit card along with the car loan with Penfed since it utilizes the same inquiry.

[Anonymous]

if you have local credit union you could try there for car loan.  The cu's rates are about the same and you can walk in the bank.  Not to negate Penfed.  Sometimes local is best.

[smallfry]

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@Anonymous wrote:

if you have local credit union you could try there for car loan. The cu's rates are about the same and you can walk in the bank. Not to negate Penfed. Sometimes local is best.

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Would you rather play for the Yankees or the Royals?

[unknown_entity]

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Zar wrote:

Hi Unknown-entity! Could you please tell me what WaMu's 2 cycle billing is? I heard or read somewhere about it but I really didn't understand it well.

Thank you!

Zar

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I found this link at bankrate,com.  It explains it far better than I could....lol.  WaMu, Orchard, First Internet Bank and a few others use 2 cyle billing.  It's basically a scam.  But since it's in the terms and conditions that CC holders agreed to when they obtained and used the card, it is legal. 

http://www.bankrate.com/brm/news/cc/19980518.asp

link edit...lol

Message Edited by unknown_entity on 06-14-2008 07:27 PM

[Zar]

Wow! I want to help everyone for all the help and ideas you give me! I didn't think I would get so much information from a simple question! Thank you all really! I will take into account all your suggestions!

Zar

[Anonymous]

Two-cycle billing is not as bad as it sounds, and doesn't matter for PIFers, anyway.

WaMu has been very, very good to me and lots of other cardholders.  I would never completely exclude an issuer just because they use two-cycle billing.