I would like to impart some important information regarding credit cards. If you are a parent of a teenager or a young adult, this will be of interest to you. A woman I know, who has financial problems, told me recently that her son came home one day with some purchases that he had made. He showed her proudly his new sports clothes and shoes that he had bought. When she asked him where he got the money for all of these items, he told her he got a credit card at the store where he bought them. In shock, she told him to return everything he bought, and she cancelled the credit card. I'm relating this incident because I think we should all be aware of what can happen to all of us.
If anyone is interested as to where there is a good place to select a credit card, department stores and gasoline companies are good places to go to. I feel after hearing about the above incident, if you are getting a credit card, it is important to let the company know who can and cannot use your card. It is also wise to pay your bills in full and on time. By doing this, you will establish a good credit history.
 
      After learning about the news of Bank of America, regarding their plan to charge their customers interest for those who miss payment, and since I'm aware that fees and finance charges vary considerably, my advice is to have patience and shop around. You might consider obtaining a card from an out-of state financial institute if it offers better terms than those offered locally.
If you have a bad credit history and problems getting a credit card, try to find a savings institution that will give you a credit card if you open a savings account.

    This last suggestion is very important to know about, especially if you are new at applying for a credit card. You must be aware of the fact that debit cards are not credit cards. Debit cards are a substitute for a check or cash. The amount of a sale is immediately subtracted from your checking account if you have a debit card.