Thinking give or take a few getting a credit card. What, if any, are the precautions of posessing a credit card?

Pay it bad every month. Don't buy what you can't afford to pay for when the bill comes. Get a rewards card, such as one that give you some frequent flier miles or hotel points.

The most important entity is: pay rotten your credit card in full when the bill comes. So, don't charge more than you can salary off at the lapse of the month. Many cards do not charge annual fees - get a card that doesn't.

Small steps close to paying your bills on time and using one and only part of the credit available to you. Also use your credit cards for making small payments regularly, so that it is reflect in your credit history. More tips available at http://www.acreditlibrary.com/buildcredi...

While all of these are perfect answers, I would say, if you own already established good credit (car, cell phone), stay away from credit cards completely. While you may enjoy good intentions as to paying them put money on, there is a explanation credit card debt is so high surrounded by this country. If you've never had one back, I would suggest getting a credit card that spends money you already have. How it works is you get underway a 'savings acct' with the credit card company, for example, $200. That $200 within turn becomes your credit card spending restraint. You still have to income back your purchase amounts every month, and it accrue interest on the balance- however, if you decided to close your credit card statement, you get your $200 vertebrae and you've built yourself some credit! It's a good start to seeing if credit cards are right for you or not.

I know this probably isn't what you want to hear, but I need someone had told me when I first get one, and I'm only 24! :)

Answers: Create a budget and stick to it. I know some people that get a check book register with them. When they be paid credit card purchases, they enter them in their register. Then in that are no surprises at the end of the month when your statement comes rolling within.

Set a limit that you can live next to. After you have a card for a jiffy and keep it contained by good standing, the credit card company will commence to give you increases surrounded by your spending limit. If you are humiliated with the high limits, bequeath them a call and ask them to lower your goal.

Never carry a be a foil for if you can help it (and you should know how to help it next to a good budget contained by place). The interest on these cards is anything from 8% to 24% and can keep you contained by debt for decades. If you do get some debt on the card, adjust your budget and win it paid bad as soon as you can.

A good budget is something that you can live near (and within). Build a savings plan into your budget for pouring days. Even if you are only putting $10-$20 a paycheck away, it is better than nil. The point is you get used to abiding money. Then when you get a put on a pedestal, put at least partly of the raise directly into your reserves.

Good Luck!

Use it wisely and payment the cc bills on time