A First Step To Initiate A Good Credit Rating
One of the first things young adults need to know when they’re just starting out on the road to the rest of their life, is how important it is to build and maintain good credit. In the world we live in today, your credit rating is the basis of how you are treated by the big businesses you will find you need to work and deal with in your day-to-day life.
– Does it have a low introductory offer?
– If it has a low introductory offer, how long does it last?
– Is the low introductory offer for transferred balances, new charges, or does it apply to both?
– After the introductory low interest rate, what is the regular interest rate?
– Does this credit card charge an annual fee?
– What is the amount of the late fee?
– Does this card have an over-the-limit fee?
These are just elementary questions to be prepared to ask when you are applying for a new credit card and want to compare offers. But before you sign on that dotted line, like with anything new, be sure to read the fine print. How you handle this card and meet your credit obligation is important. Your adherence to the terms and conditions will reflect on your credit rating and could effect you for years to come.