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	<title>Comments on: How exactly does a credit card work?</title>
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	<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/</link>
	<description>Credit Help</description>
	<lastBuildDate>Mon, 21 Sep 2009 15:43:43 -0400</lastBuildDate>
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		<title>By: terunaz</title>
		<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/comment-page-1/#comment-117</link>
		<dc:creator>terunaz</dc:creator>
		<pubDate>Sat, 19 Sep 2009 22:40:18 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Karl&lt;/a&gt;


you got some replies but here&#039;s some great reading, might take you a while though: 
if you get any luck please  don&#039;t forget about me lol, hope it helped you!</description>
		<content:encoded><![CDATA[<p><a href="">Karl</a></p>
<p>you got some replies but here&#8217;s some great reading, might take you a while though:<br />
if you get any luck please  don&#8217;t forget about me lol, hope it helped you!</p>
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		<title>By: Rudecatt63</title>
		<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/comment-page-1/#comment-116</link>
		<dc:creator>Rudecatt63</dc:creator>
		<pubDate>Fri, 18 Sep 2009 14:48:18 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Javen&lt;/a&gt;


Check the interest rates on the card you get.Some can be very high.</description>
		<content:encoded><![CDATA[<p><a href="">Javen</a></p>
<p>Check the interest rates on the card you get.Some can be very high.</p>
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		<title>By: badgerfan</title>
		<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/comment-page-1/#comment-115</link>
		<dc:creator>badgerfan</dc:creator>
		<pubDate>Fri, 18 Sep 2009 08:51:52 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Adolfo&lt;/a&gt;


Can you wait and save for the item?  This is the best way.  There are other ways to estabish credit.  By the way, do you have a banking account, debt card, a job?  All 3 are sources of credit.  If a card is the best way to go, pay full and don&#039;t be late!  0% now, 29% once you are late!
Best way is still wait until you have the cash.  Debts from credit cards is the main killer of this economy.</description>
		<content:encoded><![CDATA[<p><a href="">Adolfo</a></p>
<p>Can you wait and save for the item?  This is the best way.  There are other ways to estabish credit.  By the way, do you have a banking account, debt card, a job?  All 3 are sources of credit.  If a card is the best way to go, pay full and don&#8217;t be late!  0% now, 29% once you are late!<br />
Best way is still wait until you have the cash.  Debts from credit cards is the main killer of this economy.</p>
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		<title>By: Smartypants</title>
		<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/comment-page-1/#comment-114</link>
		<dc:creator>Smartypants</dc:creator>
		<pubDate>Wed, 16 Sep 2009 11:39:33 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Davis&lt;/a&gt;


The best way is to keep the balence no more than 50% of the limit. If you go higher than the 50%, it will look like you have bad credit instead of no credit.
If you pay the first balence off that month or pay half this payment and half the next, the bank will be very happy and raise your credit limit.
You do not want to make only minimum payments. That will get in you into BIG trouble. They can raise the interest rate and it will cost you way more to borrow that money than you thought it would.
If you have to because of money issues, make the payment that is due a min amount and then make another payment that month that is double the min. That will show good faith to the company. After about 6 months, you can call them and ask for the interest rate to be lowered or a higher limit.</description>
		<content:encoded><![CDATA[<p><a href="">Davis</a></p>
<p>The best way is to keep the balence no more than 50% of the limit. If you go higher than the 50%, it will look like you have bad credit instead of no credit.<br />
If you pay the first balence off that month or pay half this payment and half the next, the bank will be very happy and raise your credit limit.<br />
You do not want to make only minimum payments. That will get in you into BIG trouble. They can raise the interest rate and it will cost you way more to borrow that money than you thought it would.<br />
If you have to because of money issues, make the payment that is due a min amount and then make another payment that month that is double the min. That will show good faith to the company. After about 6 months, you can call them and ask for the interest rate to be lowered or a higher limit.</p>
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		<title>By: Doe</title>
		<link>http://www.credithelpzone.com/how-exactly-does-a-credit-card-work/comment-page-1/#comment-113</link>
		<dc:creator>Doe</dc:creator>
		<pubDate>Mon, 14 Sep 2009 23:13:28 +0000</pubDate>
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		<description>&lt;a href=&quot;&quot;&gt;Alfred&lt;/a&gt;


Using a credit card is a good tool to establishing creditworthiness.  Yes, go ahead and use your card.  The best advice I can give you is to pay it off each and every month.  Most cards give you a 20 or 25 day grace period.  If you pay off the balance, no interest or service fees get charged.  

If you only make minimum or partial payments, interest and service fees will start accruing, and this can make a $200 purchase cost you $400 or more!  

As you use the card and make payments every month, your credit line will increase.  It&#039;s very easy to charge right up to the max.  Keep an eye on what you have charged by accessing your account activity online frequently.  You should be aware down to the penny of how much you owe at any given time.  

Do not use your card to get a cash advance.  The fees and interest are astronomical and can lead to trouble fast.  

Another good choice for a first card is a &quot;secured&quot; card.  This means you have $300 in a savings account before you are given a $300 credit limit.  You can&#039;t spend more than you have that way.  Secured cards are easier to get, and once you have had one for awhile, you can be bumped up to a regular card.

Good luck!</description>
		<content:encoded><![CDATA[<p><a href="">Alfred</a></p>
<p>Using a credit card is a good tool to establishing creditworthiness.  Yes, go ahead and use your card.  The best advice I can give you is to pay it off each and every month.  Most cards give you a 20 or 25 day grace period.  If you pay off the balance, no interest or service fees get charged.  </p>
<p>If you only make minimum or partial payments, interest and service fees will start accruing, and this can make a $200 purchase cost you $400 or more!  </p>
<p>As you use the card and make payments every month, your credit line will increase.  It&#8217;s very easy to charge right up to the max.  Keep an eye on what you have charged by accessing your account activity online frequently.  You should be aware down to the penny of how much you owe at any given time.  </p>
<p>Do not use your card to get a cash advance.  The fees and interest are astronomical and can lead to trouble fast.  </p>
<p>Another good choice for a first card is a &#8220;secured&#8221; card.  This means you have $300 in a savings account before you are given a $300 credit limit.  You can&#8217;t spend more than you have that way.  Secured cards are easier to get, and once you have had one for awhile, you can be bumped up to a regular card.</p>
<p>Good luck!</p>
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