- 1,728
- 684
- Joined
- Aug 8, 2005
[h1]Bank of America[sup][emoji]174[/emoji][/sup] Student Platinum Plus[sup][emoji]174[/emoji][/sup] Visa[sup][emoji]174[/emoji][/sup] Credit Card[/h1]
14.24% variable APR
No annual fee
No rewards
21, just got my first credit card. surprisingly, they gave me $1500 credit limit (no income except for financial aid reported)
basically...just use it to pay off my monthly expenses and pay the balance in full every month? or is that not beneficial for building credit?
also, does this mean if I use all of the $1500 credit limit and pay just the minimum, the interest charge on the balance would be the full 14.24%...adding about 200 in interest charged onto the balance for the next bill?
if not, can someone explain the APR for me?
14.24% variable APR
No annual fee
No rewards
21, just got my first credit card. surprisingly, they gave me $1500 credit limit (no income except for financial aid reported)
basically...just use it to pay off my monthly expenses and pay the balance in full every month? or is that not beneficial for building credit?
also, does this mean if I use all of the $1500 credit limit and pay just the minimum, the interest charge on the balance would be the full 14.24%...adding about 200 in interest charged onto the balance for the next bill?
if not, can someone explain the APR for me?