Quote:
Originally Posted by ZeeTwentyFour
I'm interested in getting a credit card and start building a line of credit. I'm just going to start making small purchases, probably just gas. I have no idea what card to get, I'm considering the GM card and start putting some more away for the 'maro. I'd like real suggestion, no "don't get one to begin with" although a good idea.
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Unless you are planning on waiting till like 2012 or later to buy your Camaro I wouldn't do the GM card. Takes too long to build enough bonus cash to make it worthwhile. Also it takes a credit card at least 1-2 years to start building your credit. Depending on when you are planning on buying your car it may not effect your ability to finance the car.
Imo the best option for a credit card is though your local bank. Most banks nowadays offer a credit card in which you deposit your own money onto. There is no apr and no monthly payments to deal with as it is your own money and it builds your credit exactly like a normal credit card does.