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Old 11-21-2006, 08:42 AM
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fredjacksonsan fredjacksonsan is offline
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Re: Good First Credit Card?

1) Look for no annual fee

2) Keep the limit low, and pay it off every month. (I knew a guy that used it only for gas, and sent them a check each payday to cover the gas receipts. Built up his credit/good payment history quickly)

3) If you follow the above, the interest rate doesn't matter. Just don't get into the habit of thinking it's free money - it's not.
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