I have a few questions about charge cards. First of all from my understanding you have to pay in FULL on the due date? Secondly, does this build up credit history? Finally, what do you really need to apply for one of these? I'm asking these questions because I'm interested in applying for one of these cards: My current credit limit isn't high enough to support my PPC spending habits. I find my self consistently transferring money around from my savings to my checking just so i can use my debit card to pay off PPC debt. The problem isn't that i can't pay off these bills, it is that I rather let my money sit around in my savings and enjoy the interest rather than just give it up. You see i don't get paid before i have to spend so i rather have just one monthly bill than every 5 days pay like $500. Right now my credit isn't that good because i'm still considered a full time college student. Last time i checked it was 690 or something. Is there anything i can do to prove to companies like Amex that i am able to spend this much? Like call up a number or speak to someone, who i can show my bills and earnings too? Thanks so much
1) Yes, pay in full each month 2) Generally it will build credit history (or at least in the UK it does) 3) An application form and a pen, a PC and the internet or a local company which supplies them and a sales rep. Whilst laws are different between countries most banking institutes will require proof of identity and proof of address unless you are already a customer of theirs. Generally charge cards are harder to obtain than credit cards so this may not help in your situation. I am sure there are lenders that target the sub prime market where you are but you will be hit by exceptionally high interest if you dont pay off the balance in full each month.