| Establishing a good credit history is not an easy | | | | companies to offer you a regular credit card that |
| task. It takes time and a lot of financial | | | | can be used anywhere. |
| self-discipline. Even then it can be difficult to find | | | | There are also certain things you should be aware |
| anyone willing to take a risk on you, especially if | | | | before you apply for a catalogue credit card. |
| you are young and do not have any kind of | | | | Watch out for hidden fees. Often times you will |
| repayment record. If this is you and you are | | | | be offered additional services that will cost you up |
| looking for a way to build or re-establish your | | | | to an extra $30 a month. Many times these |
| credit you might want to look at getting a | | | | services will be initiated automatically when you |
| catalogue credit card. | | | | accept the card so make sure you cancel them |
| The approval process for catalogue credit cards is | | | | within 30 days if do not want them. You may |
| fairly lenient. Just about anybody can get one, | | | | also be offered discounts or bonuses but they |
| regardless of his or her credit history. Often times | | | | also come at a cost. Because these companies do |
| you will have an initial starting limit of as much | | | | not charge the interest or finance fees that would |
| $7500 with frequent offers for increases. The | | | | normally cover the cost of the discounts or |
| downfall is that you may have to pay an | | | | bonuses, they will frequently raise the original price |
| application fee that could be as much as $150 and | | | | of their items to make up for it. |
| you can only purchase items from the issuing | | | | If you do decide to get a catalogue credit card, |
| companys' catalogue or website. | | | | be sure to use it wisely. Before you make use it |
| There are many benefits to building your credit | | | | think it over carefully. Are you buying something |
| this way. In most cases, you will not be charged | | | | that you really need or are you buying it just |
| an annual fee and you will only be charged | | | | because you can? Can you afford to make the |
| interest on your purchases if you do not pay the | | | | minimum monthly payment if you make that |
| entire balance by your due date. Also, These | | | | purchase? Remember, you are trying to establish |
| companies report to the major credit bureaus on | | | | a good credit record and you do not risk that by |
| a regular basis. So, if you pay on time every | | | | spending more than you can afford to pay back. |
| month you will build yourself up fairly quickly which | | | | Your best bet is to choose a company that sells |
| may prompt one or more of the major | | | | practical items that you need. |