# 1st Credit Card?
**URL:** https://forums.speedlife.net/t/1st-credit-card/46461
**Category:** NYSpeed Off Topic
**Created:** [April 8, 2008, 6:47pm UTC](https://forums.speedlife.net/t/1st-credit-card/46461 "2008-04-08T18:47:19Z")
**Posts on this page:** 13
**Page:** 2
### Author:  [@sureshot](https://forums.speedlife.net/u/sureshot)
#### Post date: [April 9, 2008, 5:31am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/21 "2008-04-09T05:31:42Z")
Capital One is for suckers.
NOT having established credit is also for suckers, so if you think you 1 up on the game because you don’t have a credit card, you are wrong. You are way behind.
Sure you may be able to buy some POS car for 10k cash, but I doubt you’ll be able to buy a house with cash, and when you go to get a mortgage you will undoubtedly be f’d.
If your friend doesn’t have a checking account, have him do the following.
Go to bank of america or a credit union, deposit $1000 into a CD. Then ask to use the $1000 CD as collateral against opening a secured credit card.
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [April 9, 2008, 6:34am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/22 "2008-04-09T06:34:44Z")
Dan you remember the credit fiasco i went through getting a card, what a joke that was. I have been with BOA for 5 years and just picked up their premium platinum plus 0% 12 months 12k limit. I am pleased.
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [April 9, 2008, 6:46am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/23 "2008-04-09T06:46:21Z")
How in the does someone reach 22 years old without a credit card or a checking account? I had a mortgage when I was 23. Have they never worked? Never had a bill to pay? I really can’t fathom how someone could do that.
Bobbyg, that’s really good that you’re keeping yourself out of debt. A lot of people on here should follow your lead. If I were in your shoes though, I’d start thinking about building credit if you have any intentions of buying a house in the next 5-10 years. Just sayin.
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### Author:  [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)
#### Post date: [April 9, 2008, 7:24am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/24 "2008-04-09T07:24:31Z")
> [@Fry](#):
>
> How in the does someone reach 22 years old without a credit card or a checking account? I had a mortgage when I was 23. Have they never worked? Never had a bill to pay? I really can’t fathom how someone could do that.
>
> Bobbyg, that’s really good that you’re keeping yourself out of debt. A lot of people on here should follow your lead. If I were in your shoes though, I’d start thinking about building credit if you have any intentions of buying a house in the next 5-10 years. Just sayin.
Fry i can understand not having a credit card but i am lost as to how the person dosen’t have a checking account. As log as they had checking they could have a debit card carrying a logo and would make sense.
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [April 9, 2008, 9:24am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/25 "2008-04-09T09:24:34Z")
4 years behind on building good credit… ☹
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [April 9, 2008, 10:26am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/26 "2008-04-09T10:26:29Z")
> [@bobbyg1243](#):
>
> im 21 and have never had one, some people cant believe i havent gotten one yet. my thoughts are that i dont really have the need for one, if i want something, i save the money and spend cash. i also wouldnt trust myself, nor would i want to have to make payments.
Have fun buying a house later in life.
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### Author:  [@snowracer101](https://forums.speedlife.net/u/snowracer101)
#### Post date: [April 9, 2008, 10:26am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/27 "2008-04-09T10:26:54Z")
I’m 20. I’ve had two chase credit cards when I turned 18…and both of their credit limits have trippled.
I also have a GM card which I used to buy my TV,ps3 and other entertainment shit. It’s got a $7,500 limit and 0% for 12 months. I pay $50 a month until next year, when I’ll pay it off to avoid the interest rates
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### Author:  [@sureshot](https://forums.speedlife.net/u/sureshot)
#### Post date: [April 9, 2008, 10:33am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/28 "2008-04-09T10:33:26Z")
> [@sedlmeier101](#):
>
> I’m 20. I’ve had two chase credit cards when I turned 18…and both of their credit limits have trippled.
> I also have a GM card which I used to buy my TV,ps3 and other entertainment shit. It’s got a $7,500 limit and 0% for 12 months. I pay $50 a month until next year, when I’ll pay it off to avoid the interest rates
I’m not trying to be a dick, but who cares? Plenty of people here have the same _accomplishments_ if you will. The thread isn’t about you, isn’t about your dick size / credit limit, it’s about helping someone.
Anyways, with that out of the way, I strongly suggest following the method I previously laid out. Well, if he has bad credit that is. If you work with him and get his credit score, and it’s decent ( above 650 ) come back here and I will recommend some credit cards. If he can, he really should avoid sub-prime lenders.
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [April 9, 2008, 10:34am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/29 "2008-04-09T10:34:02Z")
Sedlmeier: Make sure that interest does not accrue during the promotional period… otherwise you’re going to be woefully surprised.
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### Author:  [@sureshot](https://forums.speedlife.net/u/sureshot)
#### Post date: [April 9, 2008, 10:35am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/30 "2008-04-09T10:35:34Z")
> [@Nikuk](#):
>
> ^ Make sure that interest does not accrue during the promotional period… otherwise you’re going to be woefully surprised.
hehe
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [April 9, 2008, 10:42am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/31 "2008-04-09T10:42:14Z")
^ fuck home depot. I realized it long before the period was up, but still.
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### Author:  [@The\_Russian](https://forums.speedlife.net/u/The_Russian)
#### Post date: [April 9, 2008, 10:57am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/32 "2008-04-09T10:57:02Z")
I dont have the control yet to have a credit card and not get fucked with debt.
im way to compulsive
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### Author:  [@Johnnylude](https://forums.speedlife.net/u/Johnnylude)
#### Post date: [April 9, 2008, 11:33am UTC](https://forums.speedlife.net/t/1st-credit-card/46461/33 "2008-04-09T11:33:21Z")
suicide is always an option… or get a BLACK CARD!
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