How to Use First Time Credit Cards to Your Long Term Advantage

First time credit cards are those cards that are geared towards helping people establish a credit record for the first time. Typically, these people will be college students, or at least those who have just turned eighteen and are now eligible for credit.

However, it is a challenging experience, since you need to establish good credit records in order to obtain good credit deals, and yet you are also likely to have very limited experience when it comes to issues such as interest rates, fees, penalties and even managing your money effectively. There are plenty of pits to fall into, and it is wise to spend a little while making sure you understand the various aspects and implications of getting a first time credit card, and what your likely obligations and responsibilities will be - both to the bank and to yourself.

The first thing that you will need to accept is that being a newcomer to the world of credit, and having little or no credit history under your belt, there is a very real chance that you will have to accept a card with a high interest rate, typically in the twenty percent region. This means that any money on your card that you don't pay off will be charged interest at this rate. If you have a large balance unpaid, and this remains unpaid for several months, you can easily find yourself paying very large sums of money just in interest.

For this reason, it is always wise to make sure that you pay as much of the balance off each month as you can. The perfect arrangement is where you can pay off the complete balance each month, in which case you should never have to worry about those interest rates, as you won't need to pay them.

However, paying off the entire balance each month is only possible if you don't use your first time credit card as though it was a pocket full of free cash, spending it on unnecessary or expensive items just for the sake of it. The trouble is that being given your first credit card can feel a little as though you have been given free cash and the temptation to enjoy yourself is very real.

Generally, credit companies know this even better than you do, which is how they get to make so much money. But there is another risk to spending too much and being unable to pay off the balance, besides having to pay extra amounts in interest and fees.

Your credit history may well be a clean slate when you first open your new credit card, but every month that you have the card, details of how you are maintaining the account will be entered on your record. This record will stay with you for many years, and will greatly affect not only the likelihood of being accepted for further credit and bank account facilities in the future, but the rates you may well be offered too.

If you get into difficulties with your first time credit card then your credit history will already suffer, and you can find it harder to get a bank account, credit facilities, loans and even a mortgage in future. Start as you would wish to go on, maintain your new card in good order, and you'll build yourself an excellent credit history that will mean that after six months or a year you should be able to open a credit card with a much lower interest rate and fewer fees.

When you first turn eighteen you may well find yourself bombarded with adverts offering you your first credit card, and it is tempting to take up several of these offers. It is best not to do this since the more applications you make, the more footprints there will be on your credit file. These footprints won't reveal whether you were successful or not, but the number of footprints can start to become an issue - one that could harm your overall rating.

It's also important not to open one card just to pay the balance on the first card - this credit card domino effect tends to end up in all your spare cash going into paying off the interest accumulating rather than the balance. If you're looking for a first credit card, then stick to just one for the first few months, and then look to upgrade if that has gone well.

First time credit cards will generally have fewer rewards and higher rates and penalties. They are for people who the credit card companies consider represent high risks, or at least unknown risks. They give you a great chance to create a positive record, as well as giving you a revealing insight into how good you really are likely to be with money.

I havent been using a credit card for the first time i used it it was my parents first time credit card purchase too.

SOURCE:

Oil hits 75 dollars for first time in 10 months

LONDON: New York oil prices surged to 75 dollars per barrel on Tuesday for the first time in 10 months, as traders welcomed news of rebounding
consumer confidence in key energy consumer the United States.

In afternoon trade here, New York's main contract, light sweet crude for October delivery, spiked as high as 75.00 dollars exactly -- reaching a level last seen in October 2008 before the global recession.

SOURCE:

India welcomes more baby girls for first time

More girls were born in Delhi than boys last year for the first time, according to official figures, after parents were given cash bonuses of £125 for each new daughter as part of a drive to stamp out female infanticide.

Government officials cited the statistics as evidence that India is finally winning its war against the killing of unborn and baby girls, a practice estimated to account for as many as 50 million Indian women having gone “missing”, according to Unicef.

However, experts said that the improvement in Delhi was too sudden to be credible, and was likely to be the result of more families registering daughters to claim the cash benefits, rather than a genuine rise in the numbers of girls being born.

In the Indian capital, 1,004 girls were born for every 1,000 boys in 2008, according to the Chief Registrar, Births and Deaths.
Related Links

The figures showed a startling jump in the ratio of girls to boys in a region that has had one of the worst records for female infanticide in the subcontinent.

In the period from 2005 to 2007, only 871 girls had been born in Delhi per 1,000 boys, according to the Registrar General.

Nesim Tumkaya, of the United Nations Population Fund (UNPF) said he wished the latest figures were true, but that data that showed more females than males being born defied the rules of nature – which dictate the reverse. “The figures are impossible,” he said.

Demographers consider the “natural” ratio at birth to be about 960 females per 1,000 males. Across all of India from 2005 to 2007, there were only about 900.

The skewed sex ration is the product of millions of illegal abortions of female foetuses and of the widespread murder of baby girls, experts say. Abortions are most common among rich couples who can afford ultrasound scans to illegally check their unborn baby’s sex, according to research by the UNPF.

Girls are prejudiced against largely because of the dowry system and inheritance practices tilted in favour of men. Illegal ultrasound sex tests are often advertised with catchphrases such as “spend 600 rupees now and save 50,000 rupees later”.

As part of its anti-infanticide drive, the Delhi Government deposits 5,000 rupees (£125) in the name of a girl at the time of her birth and as much as 25,000 more through the course of her childhood as long as she stays in school. The money can be used to pay for further education or for wedding expenses. .

SOURCE:

PICTURES

My First Love at First Sight

Here is where my first Love at first sight started.

First Time to visit Island in the Sky

Island in The sky Cebu

CNN: TOTAL SOLAR ECLIPSE IN CHINA

Is it Possible to Fall In Love at first Sight

Love at first sight

You are in the middle of a crowded place standing on one corner. Someone else is standing on the corner. Your eyes met..and just like that, fireworks begin. This is what they called love at first sight. You melt into each others arms and its bliss. And your life will never be the same again
It’s a very wonderful thing that everyone wants to have. A fairytale that all of us desires to have one. My question to you is- DO you believe in love at first sight?
Many say that love at first sight is just a crush.  But for me, a feeling when your inlove with that person the first time you seen her/him is very different with from what they call crush.