[MoNkEyT88]

I'm looking at getting a credit card to improve my credit score.

I'm 20 years old and my credit score is about 750. I've been by my credit union that using a credit card smartly can improve my credit score.

I currently pay rent. Have a phone bill, and pay for my car and my motorcycle. I make ~50,000 a year.

I've been looking at Mastercard, since they are a wellknown company, and I see that they have a Subaru credit card, with NO annual fee.

It also says 3% rewards on everything, to be used on Subaru Parts, Service, or buying a new Subaru.

I dont know if thats a good reason to get one, as I may not always need to buy any parts or service or a new subaru. (If they continue with the way the 08's look omfg)

I just don't really understand all the jargin in the fine print. And I don't wan't to get stuck paying for hidden fees and all that jazz.

I don't really need one very soon, but I will continue looking around, just wanted to see if anyone had this card. If so, how often do you use the $ towards subaru parts/service?

[STI Nicholas]

I have one. No fees. I have already received $400 Subaru Bucks from them since I've had it. Paid for my 15k miles service and some SPT goodies. Definitely worth getting.

[eXstasy]

If you plan on and know what you want to use Subaru bucks towards, by all means get one. It's provided by Chase right? I've had good experiences so far with Chase.

I purchased my car and financed it at Subaru through Chase. Later on I got two different Chase cards. I was going to get the Subaru card just for the picture but I didn't think that I'd ever use Subaru Bucks, so I opted for the Chase Freedom VISA (for general purchases) and Chase PerfectCard Mastercard (for Gas). IIRC both have 0% APR for 12mo. as an introductory offer, assuming you qualify. I know the Freedom does for sure, I've been taking advantage of it =)

[SoGoneRG]

just got mine last week and been using it to upgrade my Subaru and no hidden fees...0% until 10/07 so why not...instead of using my visa debit. Just as long as you pay off the monthly statement so that u don't incur any interested...I think the interest is a bit higher on there's...like 14%-16% I think...

[MoNkEyT88]

-- Edit: nevermind.
What is SPT?


They do have a lot of parts, but they're so expensive, but I suppose it's kind of a bonus if you're spending money anyway.

[JJ18Sniper]

$500 max on subaru bucks a year though

[SoGoneRG]

$500 a year sucks...hmmm...that means I'll have $10000 saved up in 20yrs to put down on a new Subaru!

[LightWerkz]

its about 750? or is it 750?

Mine is a 750 and thats considered extremely good. Imporving it is going to be tough unless you carry some sort of balance, and also make sure your balance isnt near your limit, I like to keep atleast 50% cushion..

[MoNkEyT88]

But still, to get 500$ you'd have to spend $16,666.66 in a year.

[2slow2curious]

Originally Posted by STI Nicholas

I have one. No fees. I have already received $400 Subaru Bucks from them since I've had it. Paid for my 15k miles service and some SPT goodies. Definitely worth getting.

What numbers are on the front of your one?

[IUSTi]

Originally Posted by 2slow2curious

What numbers are on the front of your one?

lol is that a trick to get his credit card number?

[MoNkEyT88]

Shh.. I want to buy stuff..

[SoGoneRG]

Originally Posted by MoNkEyT88

But still, to get 500$ you'd have to spend $16,666.66 in a year.

If you think about it, it ain't hard to spend that...My Utilities accept CC, Go out for dinner & entertainment, shopping, travel, gas, etc...It ain't hard to spend that amount...Just pay if off every month. I charge about $3000-$5000 a month on my other CC...Just devote it to one. It helps that I sell parts to my local guys here too and I just charge it first and when I get my $$$ back and pay off my CC. Life is good...Live off rewards!

[SoGoneRG]

I may even tell me wife to open one so that after I receive the $500 limit I can start using hers...lol

[Xyloft]

check out the APR. this isn't as important if you're not going to carry a balance....but if you do you dont want a 23% APR.

750 is a good score. just maintain that score while building a bit of credit history and you're set. at 20 you're more likely to get turned down for lack of history than you are for bad credit.

another way to build credit is to take a small installment loan ($3,000) for something and pay that off. that helped my buy my first car ($19,000) while in college, without a co-signer.

just make sure you dont let it all get away from you, maintaining 750 is easy...getting 750 after dipping down to 600...not so easy.