Credit Cards

[tennisfan78]

Thanks E150GT, thats cool. Hope you get another great CLI soon.

[UberAlec]

Thanks guys a ton for the responses.

It's massively appreciated, fantastic forum so far!

[WarJar101]

Hey UberAlec, technically how long was your credit history (student loan) b efore you applied for the card? Any late payments or derogs as well?

[codimom]

if it were me, I would just keep paying in full.  Interest rate doesn't matter if you never carry a balance, right?  Since you don't like to spend what you don't have, you have the right attitude for a good rewards card.  Use the card as if it were your debit card, and pay it off IN FULL every month.  You get rewards, and don't pay interest. 

[jsucool76]

I'll agree with the others and say PIF if you can. I have a 0% offer on my capital one card, but I carried a balance simply because I keep all my money in a money market account, and since it was a 0% offer, I'm earning more than it is costing me to carry the balance.

Otherwize, interest is a killer, and it is good to get in the habit of PIF

[UberAlec]

Sorry for the late reply,

I am still in school and I took out my first student loan roughly a year ago.  Other than student loans and being in a credit union I have absolutely zero credit history, no late payments or anything.  Everything else all in cash.

Also rewards you get for instance 5% on gas at certain times in the year give you just a one time reward credit correct? Keeping a revolving balance on a purchase of gas does not add more to the reward?

Thanks

[E150GT]

not only does revolving a balance not add to the rewards, it takes away in the form of inetrest. Well once you are out of the 0% time frame. Remember to pay a couple of days early of the due date. I was going to make a payment on my due date, but it slipped my mind and I lost my intro rate and paid a $35 fee!

[UberAlec]

So even if I make the minimum balance, and I certainly always plan on paying in full, the interest still applies to the left over revolving amounth correct?

Thanks again