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10-27-2010, 11:38 PM
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#1 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Jul 2008 Location: vancouver
Posts: 1,523
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| Credit Card
So I turned 19 yesterday (yay me!) and was thinking about getting a credit card right away. I know what you are thinking, and it seems like a pretty dumb move. However, I am planning to apply for a student visa or soemthing along those lines, just so I start building up my credit.
I have no credit score nor history, so If I do get accepted, it will probably be a secure credit card. Right? where I have to deposit an amount before I can use it?
I have a system planned out. (Anything over 20$ on debit or cash. Anything under 20$ credit) as well I am not a compulsive spender, so I dont go crazy. I am a pretty cheap guy heh heh
Anyways, good idea? or I should wait for a bit first? Like start having my phone contact under my name etc etc
serious replies please
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10-27-2010, 11:46 PM
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#2 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Nov 2006 Location: vancouver
Posts: 3,507
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hit up rbc, their student card goes up to 2g limit
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10-27-2010, 11:54 PM
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#3 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Jul 2008 Location: vancouver
Posts: 1,523
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hmm that seems to be a lot for a student card lol. I was looking around 500 -1000
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10-27-2010, 11:57 PM
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#4 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Nov 2006 Location: vancouver
Posts: 3,507
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you could ask them for a lower limit, my buddy got one at td and they were going to give him 1000 credit but he only asked for 500.
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12-12-2010, 07:50 PM
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#5 | | Oh goodie, 5 posts already!
Join Date: Apr 2009 Location: North Vancouver
Posts: 8
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go with BMO, if your a student should have no problem
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12-13-2010, 02:38 AM
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#6 | | RS controls my life!
Join Date: Feb 2010 Location: Richcity
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When I turned 19 I went to TD and got the rebate rewards. 1000 deposit and 1000 limit. Cant really go wrong and also 1% cashback
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12-13-2010, 03:47 AM
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#7 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Aug 2006 Location: Vancouver
Posts: 1,599
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$500 is a really low limit.. if you ever decide to purchase a laptop/tv or anything like that, your visa won't even cover it. Unless you have absolutely no control over your spending, you should be fine with a higher limit.
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12-13-2010, 04:35 AM
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#8 | | My homepage has been set to RS
Join Date: Oct 2010 Location: Burnaby
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Not a dumb move at all. Yu sound like a responsible person. Just make sure to always pay your bills and you're set. Posted via RS Mobile | |
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12-13-2010, 06:09 AM
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#9 | | I STILL don't get it
Join Date: Dec 2007 Location: Vancouver
Posts: 430
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bmo, easy for students
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12-13-2010, 07:32 AM
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#10 | | Diagonally parked in a parallel universe
Join Date: Aug 2009 Location: Coquitlam
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Capital one has a credit builder card that is what I started with. I had a credit limit of $300 I think which was nice cause I couldn't go crazy with it. Gradually it went up over the years.
I don't think you want anything over $500 on your first card. It's just way way way too easy to do stupid things and that's when and where a lot of people get off to a bad bad start.
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09-25-2011, 11:03 PM
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#11 | | Captain Happy Bubble is my Homeboy
Join Date: Apr 2010 Location: Lower Mainland
Posts: 337
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hey, I didnt want to start a new thread since i'm pretty much asking the same question.
I read about the MBNA smart card, would that be an applicable card to get for a student? I'm not very knowledgeable what kind of credit cards to get, like cash back vs travel especially for students
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09-25-2011, 11:09 PM
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#12 | | What hasn't Killed me, has made me more tolerant of RS!
Join Date: Jan 2011 Location: Surrey
Posts: 176
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bmo with spc is pretty good
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09-25-2011, 11:42 PM
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#13 | | Throw yo paws in da air!
Join Date: Apr 2011 Location: State of Trance
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any insights on a cc with scotiabank? i'm in a business and constantly will be using my cc to purchase orders for myself or others (ill get the $ first so i know i can pay it off) so it'll be mainly used for that. And since im with scotiabank i was looking what would be good
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09-26-2011, 08:40 AM
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#14 | | Revscene.net has a homepage?!
Join Date: Feb 2005 Location: Vancouver
Posts: 1,296
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Originally Posted by XplicitLuder  any insights on a cc with scotiabank? i'm in a business and constantly will be using my cc to purchase orders for myself or others (ill get the $ first so i know i can pay it off) so it'll be mainly used for that. And since im with scotiabank i was looking what would be good | i'm not too familiar with scotiabank cards but just to be safe, don't use a dividend card for those purchases (if audited, it would give you trouble)
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09-26-2011, 10:35 AM
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#15 | | wants to know why blow-up dolls always look so surprised
Join Date: Jan 2007 Location: Vancouver
Posts: 1,150
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Originally Posted by K-bad hey, I didnt want to start a new thread since i'm pretty much asking the same question.
I read about the MBNA smart card, would that be an applicable card to get for a student? I'm not very knowledgeable what kind of credit cards to get, like cash back vs travel especially for students | hands down, best cash rewards card on the market with the best benefits.
apply for it, and hope you get it. i dont know if you can get it as a first/student card though.
rfd has a comprehensive and indepth thread about it: http://forums.redflagdeals.com/mbna-...esigns-722828/ | |
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09-26-2011, 11:53 AM
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#16 | | Banned (ABWS)
Join Date: Oct 2006 Location: Richmond
Posts: 5,138
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| Quote:
Originally Posted by K-bad hey, I didnt want to start a new thread since i'm pretty much asking the same question.
I read about the MBNA smart card, would that be an applicable card to get for a student? I'm not very knowledgeable what kind of credit cards to get, like cash back vs travel especially for students | been using this for a while, very solid imo considering there are no annual fees, automatically mail you a cheque for $50 once you reach the cashback threshold, and the % for cash back is pretty solid.
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09-26-2011, 08:42 PM
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#17 | | (7125 Viewing)
Join Date: Oct 2009 Location: Vancity
Posts: 707
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8mos after I finish school which is last year TD offers me a first class infinite travel visa. I ask them why they told me coz I'm a student lol but in my own understanding you need to have a 100k income to get this card... weird
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02-16-2012, 04:12 PM
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#18 | | NOOB, Not Quite a Regular!
Join Date: Feb 2012 Location: vancouver
Posts: 34
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if you have rbc debit and credit card and at least $100 in savings, you don't have to pay any monthly fees
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03-03-2012, 12:02 PM
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#19 | | I am Hook'd on RS
Join Date: Aug 2006 Location: Vancouver
Posts: 69
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how is that a dumb move? get a CC and use it for EVERYTHING. pay it off in full each month.
- safer than debit because if your card get skimmed, it isn't your cash being taken
- build up credit history
- get a rewards card and reap the benefits
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03-03-2012, 12:06 PM
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#20 | | WHAT? NO FOOD?
Join Date: Feb 2010 Location: Vancouver
Posts: 1,406
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Originally Posted by jegglez When I turned 19 I went to TD and got the rebate rewards. 1000 deposit and 1000 limit. Cant really go wrong and also 1% cashback | Srs? TD told me it's $2000 dollars limit minimum...  so I chose the green visa instead. $500 limit
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03-03-2012, 12:19 PM
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#21 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,556
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I don't really understand... you chose a different credit card because they wanted to have too high of a limit?!? Are you guys seriously that worried that if you had a $2k limit you'd melt down and if you have $1k it's going to be fine? *confused*
Mark
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03-03-2012, 12:28 PM
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#22 | | WHAT? NO FOOD?
Join Date: Feb 2010 Location: Vancouver
Posts: 1,406
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Well that wasn't an issue, but spending 2000 dollars on a credit card seems unnecessary.
I always wanted a rebate rewards credit card, but I didn't have enough money back the time I settled...
So I'm gonna try to ask every td bank if they can let me have a 1000 dollars limit on their rebate reward card.
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03-03-2012, 12:30 PM
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#23 | | Old School RS
Join Date: May 2004 Location: Port Moody
Posts: 4,556
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Why do people in this thread think that having a $2k limit somehow automatically = spending $2k. My average monthly balance is under 10% of my limit and I don't believe I'm particularly special.
Mark
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I'm old now - boring street cars and sweet race cars. | |
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03-03-2012, 12:53 PM
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#24 | | Wunder? Wonder?? Wander???
Join Date: Sep 2006 Location: .
Posts: 227
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Originally Posted by lowside67 Why do people in this thread think that having a $2k limit somehow automatically = spending $2k. My average monthly balance is under 10% of my limit and I don't believe I'm particularly special.
Mark | I fully agree with you. I don't understand why you guys are scared of a high limit. I have a $24,000 limit on my one card and only use about 1000 to 2000 a month on it. (I pay it off fully each week).
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03-03-2012, 03:27 PM
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#25 | | WHAT? NO FOOD?
Join Date: Feb 2010 Location: Vancouver
Posts: 1,406
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Did you guys agreed to do deposits? Posted via RS Mobile | |
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