This deal has me pondering...

B

Blade

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Right now, I can buy Vagrant Story (brand new, non GH) for $15. I can then buy Tobal No.1 (brand new) for $25. This would bring me to $40. Now here's the catcher: If I sign up for this credit card with 0% APR for the first six months, and make my purchase with it, I'll save $30.

Total cost = $10, which I can pay in six months.

The deal is that I have absolutely no idea how credit cards work. There's a 15% APR after six months, but no annual fee. So I figure that I can pay off the $10 and not have to pay anything else, right? Is that how it works?

Also, what if I buy the stuff, pay for it, and then cancelled the card after 5 months? Will it go on like my "permanent record?" :cool:

This would be my very first credit card. I gain 3% of whatever I buy as store credit.
 
i dont think 30 dollars is worth the mess you can get in with credit cards... sure you say youll just buy these games, but then one day youll be at frys and see somethign really cool on sale, and youll think, well ill just charge it, then youll do it again, and again, and again, and agbain ,asmdf asnagna agin
 
Lmao, I'd seriously only use it on that one purchase.

There are about 800 people in my town, not enough for even a McDonalds... (fry's = fries)

If by some strange turn of events, rabid babboons held me at gunpoint and told me to never use that card again, and this is the only purchase I would have used it on, then would it be worth it? Two great sealed games for $10?
 
Even if you don't use it, every card will show up on your credit report. Lots of cards=bad. Not worth a measly $30.
 
Yes. Be careful. College campuses are perfect examples of the danger. I see people all too willing to whore out their credit rating for a free personal pizza or some other measly prize. Even if you are disciplined and just buy those games, more cards DO lower your score and your ability to get loans, etc. in the future.

With that said, I've had just a single card for about 2 years. I just buy things with it and pay it off, making sure to never to use credit in the absence of actual money. If I can't pay for it straight out of my checking account, I won't put it on the card. I've never had to pay a cent in interest, and they keep raising my limit in a vain attempt to get me to. Responsible card use will build credit over time, which is good.

Check these out for more info:

http://money.howstuffworks.com/credit-card.htm

http://money.howstuffworks.com/credit-score.htm
 
Don't do it, if $30 looks good to you then a credit card is a bad idea. The temptation of spending the $500 limit would probably be a bit to much, I have far to many friends with CC debt.
 
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