Exercising Caution With Your American Express Credit Card

I was grateful to those who invented the credit card in the beginning, but then my gratitude turned into anger and disgust. This rapid transformation is all related to the APRs of credit cards. I am annoyed by the fact that interest rates are constantly increasing. I assume that you know the drill by now. Unfortunately, those who are new to the "real world" never do.

I'm talking about the recent high school graduates and fresh college students who are just discovering the real world. They still get excited at the American Express credit card spiel in the mail despite all the ranting about the dangers of credit cards.

Many young and clueless people have fallen for the traps of the credit card madness. The whole world is basically enveloped in it. It would be a good idea to try and claw your way out if you can or do better by not acquiring any credit cards at all. Do not be tempted by an American Express credit card that offers a 0 APR for the first year. I assure you that it's not worth your future earnings and upcoming torment with debt.

You might say that it's bizarre for me to mention this now because my 18 year old daughter is currently in the hot seat. She receives MasterCard credit card and American Express credit card offers through the mail on a daily basis. These credit card companies never stop pitching. The hilarious part is that the interest rate is an atrocious 20 percent. The sad thing is that my daughter doesn't know if that's good or bad.

To make things worse, she still wants to acquire an American Express credit card after I told her that it's an utterly horrible idea. Well, I guess it's understandable on some level because it's a part of being older and more independent. However, I don t want to watch her fall into debt like most of us do.

You should do some research if a Visa, MasterCard or American Express credit card is essential in your life. It would be smart to browse the web over and over for low APRs. You should not choose an application until you pinpoint the best one.

You'll have some work ahead of you if this is your very first credit card. I don't recommend an American Express credit card for a college student or young individual, even if some people prefer it because of the open spending limit. Credit cards that have open spending limits are strictly for people who are financially set.

By: Morgan Hamilton

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Morgan Hamilton offers expert advice and great tips regarding all aspects concerning American Express Credit Card. Visit our site for more helpful information about Visa American Express Gift Cards and other similar topics.

Compare credit cards and apply securely online:

	Card Category: All Business Charge Foreign Poor Credit Pre-Paid Regular Reward - Airline Reward - Auto Reward - Cash Reward - Finance Reward - Gas Reward - Hotel Reward - Retail Reward - Sports Reward - Travel Reward - Other All Reward Cards Secured Student Intro APR: All 0.0% 1.9% or Less 2.9% or Less 3.9% or Less 4.9% or Less 5.9% or Less 6.9% or Less 7.9% or Less 8.9% or Less 9.9% or Less Time Period: All 3 Months or More 4 Months or More 5 Months of More 6 Months or More 7 Months or More 8 Months or More 9 Months or More APR (Purch.): All Less Than 6% Less Than 7% Less Than 8% Less Than 9% Less Than 10% Less Than 11% Less Than 12% Less Than 13% Less Than 14% Less Than 15% Less Than 16% Less Than 17% Less Than 18% Less Than 19% Less Than 20% Less Than 21% Less Than 22% Less Than 23% Less Than 24% Less Than 25% Annual Fee: All $0 $10 or Less $20 or Less $30 or Less $40 or Less $50 or Less $60 or Less $70 or Less $80 or Less $90 or Less $100 or Less $110 or Less $120 or Less $130 or Less $140 or Less $150 or Less

Want to guess what your credit score is?

Here are some hints to let you know what your score probably is and what type of cards you should apply for:

• If you are under 21, even if you have never had debt before, you will not be able to get accepted for certain cards, unless you have three years of great credit history. Apply for cards in the "fair credit" range. If this applies to you,
here are some great cards that you will be accepted for, and have great benefits.



• If you are over 21, and have had perfect credit since you were 18, have made no delinquent payments, and have never had a bankruptcy or charge off, you should apply for a card for people with “good” or “excellent” credit score range. There are many great rewards here for you.
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