Best places to apply for a Credit Card, and how does it work?

So when you get a credit card with a certain amount of money on it, do you immediately have to start making payments, even before you start using it? Or do you only pay back the amount you use on the credit card? (if you don't max it out right away)





Also, what are the best places to get a credit card in the USA? Somewhere that doesn't charge so much in interest! I've heard of credit cards interests costing more than the actual payment itself!|||Start with whichever bank you use. They have your banking info and some history on you. Credit Unions usually offer cards with lower interest rates. If you don't bank with anyone, start with a major company like Chase or Bank of America. Their fees will be higher but it is a place to start.


Once you have a card, you don't have to pay anything unless you use it. (unless the charge an annual fee) if you charge $100 for concert tickets, you will owe a minimum fee the next billing cycle.


If I may point out: while it is a good idea to get a credit card to establish a good credit history...make sure you keep that credit history GOOD by not maxing the card out and by not charging more than you can pay off in a month. Credit cards should be used for making reservations, purchasing online, and emergencies. It should not be used for everyday things like groceries and gas or dining out. That is a quick way to get into trouble with the card by spending more than you can afford and suddenly you are in serious debt.|||Depends on their terms but your first payment won't show up until weeks later. Try. To get a card at retail store or your bank because they have a lower rates and limit depending on your credit score.|||Go to chase bank, and you only pay back what you use from it at the end of the month|||A credit card is a piece of plastic with a magnetic strip that holds your account information.





When you get approved for a credit card you actually get approved for a certain loan amount. The bank let's you have access to say $1000. This is the line of credit you can use. You choose whether you want to use just a little or all of it. At the end of a billing cycle (30) days the bank sends you the bill for the loan money you used up so far and you decide whether you want to pay it off all at once or whether you want to just pay a small amount (minimum payment). If you make only a minimum payment they will add interest to that amount. The interest is a certain percentage of the money you used up so far. This varies greatly and can be as little as Zero and as high as 30 to 40%. Where your APR (Annual Percentage Rate) is sitting at depends on your credit worthiness and income when you opened the credit card account.





Banks don't just give a credit card (account) to anybody that wants one. You have to be a certain age, have to have a good credit rating, a good paying job and then... maybe... they let you have one. How much money they will "lend" you is up to them and usually depends on your income level and once again your credit rating.





The best place to get one is with the bank you already have a bank account with. They know you better and are more likely inclined to give this a try.