I have no credit as well as no debt and would like to get a credit card and start building credit. I looked in the FAQ and was a little bit confused, as I assumed getting a credit card would be as simple as just getting a mastercard or visa. Going by what I've seen, I should apparently try to get a secured card with my bank? The options I've seen mentioned in the FAQ and threads tend to be either Discovery or Capital One. Do credit card require fees simply to have(ie. pay a certain amount each month just for owning the card)? Just want a better understanding of what this entails.
Another thing, what is the difference between paying off something on my debit card, and a credit card? For example, I buy something that costs $50 on my debit card, it's paid instantly and that's it. If I buy the same $50 item using a credit card what changes? Do I have to pay interest in addition to the $50 cost for the actual item? This is under the assumption that I actually have the money in my account ie. I'm not purchasing something I clearly can't afford.
Submitted July 11, 2021 at 08:15AM by LingXioaran https://ift.tt/3hUD97a
