Jump to content
The Official Site of the Vancouver Canucks
Canucks Community

First credit card.. which one should I apply for?


Markus Alexander Cody

Recommended Posts

I'm just wondering which one would be best for a student that goes to school, still lives with parents because school is local, and has a regular job. I've always wanted the Scotiabank NHL Visa card but that one has an annual fee which I DO NOT want. None of TD's cards interest me.

Right now, I'm really interested in either the Scene Visa card or Best Buy's Visa card because I spend the most money there anyways. I just want a credit card any regular student would get with no annual fees and has a pretty good package for a student.

Link to comment

don't forget if you aren't 19 you can't have one that isn't strictly under your name (your parents name has to be on the contract) which means they can see everything you buy.

I have the RBC signature card. It's 40 dollars a year, but every dollar I spend I get a point (approx. 10000 points would get me rayban wayfarers but I already have them, just an example).

It may be 40 dollars a year but if you have the right student account its free. The rewards are fairly sick. Being a university student, I have had the card since last may and already have around 12000 points. They stack up fast

Link to comment

don't forget if you aren't 19 you can't have one that isn't strictly under your name (your parents name has to be on the contract) which means they can see everything you buy.

I have the RBC signature card. It's 40 dollars a year, but every dollar I spend I get a point (approx. 10000 points would get me rayban wayfarers but I already have them, just an example).

It may be 40 dollars a year but if you have the right student account its free. The rewards are fairly sick. Being a university student, I have had the card since last may and already have around 12000 points. They stack up fast

Link to comment

Don't know the fine details of credit cards (19 myself and don't have one atm). but the Scotiabank Momentum Visa sounds good, Basically 1% cash back on eligible purchases and .5% on anything else. Best part is, no annual fees.

But i don't watch that many movies so what might interest me might not interest you.

Link to comment

One with the bank you are with and another one with any one else. Apply a month apart. Remember every time you apply for credit there is a credit check done on you which lowers your score a bit. Banks can tell when you apply for credit, so if you make a bunch of applications this will raise red flags. So just apply for one at a time.

Link to comment

Agree with Ghostsof1915... no matter what, maintain control.

Credit card debt can be a nasty thing to get into (with the interest rates, it can be truly a gross situation). I have friends who owe about 2 or 3 thousand (and a family member who owes much more) and you know that when you make payments, it's decreases so slowly because of the rates.

So, my advice is that you only use it when you know that you can pay it back promptly. Only buy with it when you know you have the money coming in within a month. That way, you build good credit and aren't stuck with throwing money away on the interest.

Link to comment

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...