Free Credit Card Today

I received a credit card but don't want to activate it…is this a bad move?

The answer is Yes and NO.

Yes it will affect you score as by not activating it and using it, you will not have any credit history to report which is 35% of your score as well as another 15% for length of history

No, it will not hurt your score because you have a higher credit limit and if you do not use it, your debt utilization score will be higher. This is the proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)

If you cancel it you will lower your ratios and score will drop, and don't forget they have placed a hard inquiry on your credit report already to approve the account. So you would get hit with 2 factors that would lower your score.

Keep it, use if once a year and build a history. This would be your best move to not affect your score.

Hope this answers your question

I received a credit card but don't want to activate it…is this a bad move?

The answer is Yes and NO.

Yes it will affect you score as by not activating it and using it, you will not have any credit history to report which is 35% of your score as well as another 15% for length of history

No, it will not hurt your score because you have a higher credit limit and if you do not use it, your debt utilization score will be higher. This is the proportion of credit lines used (proportion of balances to total credit limits on certain types of revolving accounts)

If you cancel it you will lower your ratios and score will drop, and don't forget they have placed a hard inquiry on your credit report already to approve the account. So you would get hit with 2 factors that would lower your score.

Keep it, use if once a year and build a history. This would be your best move to not affect your score.

Hope this answers your question

You can use credit repair agency to fix your personal credit - for example this one - http://freecreditreport.sinfree.net - They can clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

You can use credit repair agency to fix your personal credit - for example this one - http://freecreditreport.sinfree.net - They can clean lots of such bad stuff from your credit report - and do it much faster than yourself, so your credit will go up fast.

I just got my discharge in September. How long after can I apply for a credit card? Just want to know because I am very happy being debt free!!

Stay out of the Credit Card Arena for at least a year or so then try it with a secured credit card from your bank.

As you noticed… there is life without a Credit Card.

Your regular ATM/Check Card can perform all the actions a regular credit card does… only difference is that the amounts charged are immediately paid for thru your checking account.

In the meantime… do something for your financial status with your bank. Open a regular savings account and put half of the money that you used to pay to the Credit Card Co. into the savings account.
Once you have sizable amounts in your savings accounts banks will be more willing to give you a credit card again.

A financially secure person has at least 6 months worth of living expenses sitting in a savings account plus has numerous other accounts for "emergencies" and for large, planned purchases.

This system beats having a Credit Card any day… you don't pay interest and you will sleep a lot better at night knowing that even if you lost your job… the world doesn't come to an end because you have funds to cover the downtime and you have plenty of time to look for a new job.

Do i apply for one or do i wait for a pre-approved one?
i turned 18 a month ago.
any help would be great thx

The type of card you choose is dependent upon how you plan on paying your card and what you're looking for. If you plan on paying your balance in full each month (and they calculate interest based on your average daily balance for one statement cycle instead of over a 2 month billing period) then there is no reason for you not to do cash back or points because even though those cards have higher interest rates if you're paying off in full every month by the payment due date you're not going to be charged finance charges.

http://hubpages.com/_yan/hub/How-to-Select-best-credit-card

Do i apply for one or do i wait for a pre-approved one?
i turned 18 a month ago.
any help would be great thx

The type of card you choose is dependent upon how you plan on paying your card and what you're looking for. If you plan on paying your balance in full each month (and they calculate interest based on your average daily balance for one statement cycle instead of over a 2 month billing period) then there is no reason for you not to do cash back or points because even though those cards have higher interest rates if you're paying off in full every month by the payment due date you're not going to be charged finance charges.

http://hubpages.com/_yan/hub/How-to-Select-best-credit-card

Ive been paying debt with a credit consolidation company for 2 years,and its almost 100 % paid.I have no active credit cards anymore.when its all paid would it be wise to apply for at least one credit card?for emergencies only.

No - you'll feel good about yourself with no credit card and no debts!

I’m still in college, and I plan on paying in full every month… I bank with SECU…

If your in college your best bet is a student credit card from chase,discover, maybe amex, and capital one to name a few places. Look into some credit card comparison sites to guide you to the card your looking for.

I know it pops up sometimes when you are buying something on Amazon, however I started filling it out and my computer froze so when I tried again it wouldn’t give me the apply now and save $30 off your first purchase offer. It still won’t let me no matter what I pretend to buy. Is there another way to apply for this credit card and still receive the $30 credit?

I would try deleting your cookies, then trying again

Tools-Internet Options-Delete-Delete Cookies

If that doesn’t work, you may have to create a new Amazon account to take advantage of the $30 off.

If that doesn’t work, try going through Chase’s site where you only get 1,500 points, or $15.