amber.morgan3227 pyta:
What is the best credit card company to go through is you have no credit?

I’m wanting to get a credit card, just to buy gas or something on every month and go ahead and pay it off that month, just so I can start in a small way to build my credit. I haven’t been able to find ANY credit cards online that will approve me. I have NO credit whatsoever. I just recently turned 18, so I haven’t really had the chance to build it. Any suggestions on how or who to go through to get approved?!

soulweaponry pyta:
What should my credit ratio be for my credit cards?

I’ve always heard its good to keep your credit/balances at a certain ratio to improve your credit rating. What should mine be? I have 2 cards: one with a $200 limit and the other with a $250 limit. How much should i spend on each?

Kevin pyta:
How do you reestablish a credit card grace period?

I always pay my credit cards in full every month, but I was wondering how carrying a balance works.

Say you charge $200 on the card and pay only $100 when payment is due. You charge NOTHING on the credit card the next month, and after the statement closes, you’re imposed a $10 finance charge.

To re-establish the grace period, do you have to pay $110? Or just the $100 principal? Or what?

La Sona J pyta:
How do you improve your credit score if you have poor credit and new accounts?

I have alot of derogatory items on my credit that I actually need to take care of. I have opened some new credit card accounts since I have never had credit cards before. What is the best way to improve my score so that I am not such a high risk?

Michael P pyta:
How can one use their credit cards to invest without the investment qualifying as a cash advance?

Everybody knows using a credit card at the ATM or bank will qualify the transaction as a cash advance and cash advances carry a rather high rate. However today I heard a bit on the news;how to make money off of the credit card companies rather than them making it off of you. It featured some investment guru who talked about using available balances on credit cards for investments that have a higher rate of return than the credit card carries. I have a 0% until July 2007 with plenty to invest if I decided to do this, but how would I avoid the cash advance rate if it would be regarded as cash? Are there any investments that would list the transaction as a purchase? Please help, I am confused.

koutekinte pyta:
What is a good credit card to start out with?

I’ve applied for several credit cards and I keep getting denied because I have 0 credit. Meaning I have never had a credit card or done anything with my credit.