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Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance. |
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03-03-2012, 05:20 PM
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#26 | | I WANT MY 10 YEARS BACK FROM RS.net!
Join Date: Oct 2007 Location: Vancouver BC
Posts: 22,111
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getting at cc at 19 is not dumb...just use it within your means.
it's not true student visa is only limited to $2k...i am on it and they keep bugging me to raise it to $4k.
My next card in 6 months is going to be the MBNA MC after hearing about all the great rewards/benefits.
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03-03-2012, 05:38 PM
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#27 | | Wunder? Wonder?? Wander???
Join Date: Sep 2006 Location: .
Posts: 227
Thanked 219 Times in 63 Posts
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Originally Posted by Santofu  Did you guys agreed to do deposits? Posted via RS Mobile | No, they never even asked me to put a deposit down.
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03-03-2012, 07:28 PM
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#28 | | ~~
Join Date: Aug 2009 Location: Vancouver
Posts: 403
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I've had a cc since I was 16 with a 5k limit. Never had to pay a dollar in interest. Just think of it as a debit card; don't buy what you can't afford to pay off right away. Quote:
Originally Posted by iam_dan | I just checked with an online rep at mbna. You need at least $1k/month income to apply for the card or if you're a student, the income part isn't applicable.
Thinking of applying for my own cc soon...looking for the best one with travel rewards/cash back/student benefits.
Last edited by rien; 03-03-2012 at 07:37 PM.
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03-04-2012, 09:17 PM
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#29 | | (7125 Viewing)
Join Date: Oct 2009 Location: Vancity
Posts: 707
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03-08-2012, 11:53 PM
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#30 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Apr 2004 Location: Vansterdam
Posts: 8,090
Thanked 1,825 Times in 949 Posts
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Originally Posted by Santofu Well that wasn't an issue, but spending 2000 dollars on a credit card seems unnecessary.
I always wanted a rebate rewards credit card, but I didn't have enough money back the time I settled...
So I'm gonna try to ask every td bank if they can let me have a 1000 dollars limit on their rebate reward card. | I'm confused, can't you just get it, call in and ask to lower the limit or is there a minimum limit they have to have on this card?
__________________
"back at the line to Babych.... LONG SHOT....Potvin had trouble with it....ADAM SHOOTS SCORES!!!!
GREG ADAMS!! GREG ADAMS!!"
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03-09-2012, 12:05 AM
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#31 | | WHAT? NO FOOD?
Join Date: Feb 2010 Location: Vancouver
Posts: 1,406
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I tried, they wouldn't lower than $2000 limit plus i need to do $2000 deposit as well... The best i can get is $1500 limit with $1500 deposit.
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03-16-2012, 12:02 AM
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#32 | | I subscribe to Revscene
Join Date: Jun 2006 Location: Vancouver
Posts: 1,909
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OP i started off like you, super hesitant to not use the debit card anymore. but then i realized the credit card is really the same if you pay it off regularly ( i do it every two weeks), plus you get rewards/rebates, and it's safer than getting your debit card skimmed. I'm using the td infinite travel or something like that. I use it to pay for my school and work stuff so the travel $ adds up pretty quick.
i only use my debit card at tim hortons because they don't take visa lol
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03-28-2012, 02:04 PM
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#33 | | Proud to be called a RS Regular!
Join Date: Jun 2011 Location: Vancouver
Posts: 123
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I got my own CC from TD Canada Trust at 18, wasn't a terrible idea at all. Used it like it was a debit card or when it was an immediate emergency that I could pay off within 3 weeks.
Only thing was, I had a lot of trouble getting one. I'm assuming it was cause my parents' credit was absolute shit (and before you guys say anything, I never borrowed or took any money from them. My dad is just horrible with impulse purchases).
I had to get a part time job to prove that I had money coming in to pay off the card (they wanted me to bring in two paystubs from the job) and then I had to put down a 500 deposit for a 500 limit card.
In any case, I'll say it was worth it. Having a credit card just makes purchasing things that much easier. Especially if you make a lot of online purchases.
For the people in this thread who had 1k-5k limits for their first card, were your parents/guardians/whathaveyou considered wealthy at the time?
Last edited by RicePanda; 03-28-2012 at 02:05 PM.
Reason: Forgot to note which bank I was dealing with
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03-28-2012, 03:05 PM
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#34 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,596
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Times must have changed. Had no problems getting my first visa back in the day (over a decade ago . . . ugh). No co-signer and maybe not even a part time job yet. All I had was a few grand in my savings and maybe some mutual funds.
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03-28-2012, 07:32 PM
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#35 | | I don't get it
Join Date: Oct 2010 Location: Vancouver
Posts: 433
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Got my credit card around 19. Only $500 limit from TD, then upgraded me to $1000 last year. Maybe for a period of a time I didn't pay it on time, so they didn't ask to upgrade.
I signed up for a BMO one because the teller wouldn't let me go and I didn't have to sign any forms since I had an account there. Right off the bat 3k limit.
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03-29-2012, 01:20 AM
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#36 | | look at these diamonds, they shining
Join Date: Apr 2008 Location: Vancouver
Posts: 2,800
Thanked 1,813 Times in 553 Posts
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Originally Posted by Stormspirit Got my credit card around 19. Only $500 limit from TD, then upgraded me to $1000 last year. Maybe for a period of a time I didn't pay it on time, so they didn't ask to upgrade.
I signed up for a BMO one because the teller wouldn't let me go and I didn't have to sign any forms since I had an account there. Right off the bat 3k limit. | wtf no forms to sign? hes doing it wrong
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03-29-2012, 03:43 AM
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#37 | | RS.net, helping ugly ppl have sex since 2001
Join Date: Jan 2005 Location: Vancouver
Posts: 9,568
Thanked 3,604 Times in 1,216 Posts
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I got denied when I was 19, and i was making about 25 grand annually too 
This was with CIBC.
I had to call CIBC and bitch at them for getting denied.
In the end I got what I wanted 
__________________ Quote:
Originally Posted by The_AK Or you meet some girl at the club, cum inside of her, find out shes only in grade 12, so you buy a Prada bag for her to make things right, she finds out the bag is a fake and decides to have the kid | Quote:
Originally Posted by RX_Renesis wtf did she get some bolt-on titties or what?
they look sooooooooooo much bigger than they were 2ish years ago. | Quote:
Originally Posted by nns I can't stand the sound of Mandarin either. Boo yow nee bey nee shing bo now noong gey shee mayo mayo mayo mayo mayo mayo mayo. | | 
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03-30-2012, 01:03 AM
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#38 | | Everyone wants a piece of R S...
Join Date: Jun 2010 Location: Eastside
Posts: 353
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^ Wow, were you at student at that time or did you not pay your phone bills etc? I got my first cc when I was working at mcds pt at the age of 17 and surprisingly they offered me a 5k limit
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