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Do credit cards cost to own? And how?

I want to get a credit card for youtube reasons. but I heard something about monthly fees. I won't be using it nearly at all, why do I need to pay for it? I would like to have a credit card without having to pay a dime please.

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Some credit cards have an annual membership fee. Don't get those. Every credit card charges interest on your outstanding balance if you don't pay it off every month. If you don't pay at least your minimum amount due each month you will be charged a penalty fee. If you pay your statement balance every month, using a credit card can be a benefit to you. If you don't do that, you will pay a lot more money than you have to.

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How can it benefit me?
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Many credit cards give you reward points and things like that when you make purchases. Also, credit cards are pretty much necessary if you want to rent a car or buy airplane tickets, etc. And you can use your statements at the end of the year for doing your taxes if you do taxes. You don't have to carry a lot of cash around if you have a credit card. Bottom line is that the credit card companies want you to carry a balance from month to month so you have to pay them interest. They will try all kinds of ways to manipulate you into carrying a balance. As long as you don't let them get the better of you, you win. But if you start falling behind on paying off your balance each month, before you know it you'll be in deep debt and you'll rue the day you ever got that credit card.
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Dt, I use credit cards all the time. I always pay off in full each month and this year the credit card companies have paid me $500
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Way to go, boo. Most folks find it very difficult to be so disciplined. But of course they are all conservatives. :o)
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I'm not really planning on using it for spending rly, it's just for a youtube thing ._. Just tell me this. As long as I won't buy anything with it, I don't have to pay?
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It depends on the terms of the particular credit card. Some charge, most don't. But be sure you pick one that doesn't.
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Mmkay thanks
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Shop around. There are cards available for no annual fee. I've never heard of a card that charges a monthly fee, unless it's the interest on an unpaid balance.

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yes they do. you have to pay of your debt to keep one active

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fritzmerde

The monthly fees. minimum, charges on your bill will only be there after a purchase. With most cards there isn't a minimum so if you don't use it you won't be charged. The monthly fee is the minimum that they'll accept as payment. If you owe $1000 on your card your bill will show you the minimum to pay, say $20 a month. You pay $20 a month & you'll be fine, but try to pay it off ASAP

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So as long as I don't exceed my balance I won't have to pay?
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You buy something, you get a bill at the end of the month for that exact amount. If you pay it, that's it. If you only pay part of it, then you will be charged interest and the next month's bill will include the unpaid balance, the interest, and any new purchases you made that month. If you don't buy anything then there is no bill at all.
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Excellent :D so I there will be no bills at all as long as I don't buy anything. Do I need to get a specific card of any card doesn't charge me like that?
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All credit cards work this way, Mastercard and Visa, anyway. Some American Express cards have an annual fee, so you don't want one (AMEX is not accepted at as many places, either). I'd get a plain vanilla MC or Visa from whatever bank you have your checking or savings account in.
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Yes they do. Most have an annual fee but some if you are up to date with no late payment they will wave the fee, and most the time they will wave the late fee once or twice, but you gotta ask them. Sometimes a different person wool if one says no. Like I have better luck with female representatives then with males

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Up to date?
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I won't be buying anything anytime soon btw, so...
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Very few credit cards have an annual fee. I've had a dozen different cards over the years and never paid a fee other than interest on unpaid balances.
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Umm... For short, as long as I pick the right card and not use it to buy stuff I won't have to pay for the card, correct? I'm still a teen and need a simple explanation xD
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Yes. The best advice I could give you is if you don't have the money to pay the card off each month don't use it. Credit cards can be very dangerous to your credit and someday your gunna want to buy a house and any debt you have will need to be payed off. Don't just make the minimum amount due because with interest you will pay 3x's the original amount. That's how credit card companies make their money. At least pay twice the amount and write on your statement that you send back that the extra amount is to go towards the principal amount, otherwise they will just take it out of your next payment and it useless. Know what interest rate your card has. The rate for someone just starting to build their credit is usually 18% to 24%. Be carefully with credit cards
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Up to date? = No late payments
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For rghurst, when first starting out as a teen most major credit cards will have annual fee
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So I need to get a card with no annual fees and I can keep it without paying as long as I don't buy anything with it. Correct? ^.^
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Correct
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But if you want to build your credit make small purchases and pay it all off each month. If you do that you credit score will go up quickly. Go for like a gas card or department store or jewelry store first
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Don't see the point if building it ._. Thanks tho :D
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Everyone has a credit score for example 600 is average credit score. The better your credit is the better your score will be. That is why you build your credit, to get a higher score. I believe the score ranges from about 400 up to about 850. Don't quote me on those numbers though
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Oh and the higher your score is the better interest rates you get on all thing bought with credit especially cars and houses
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Oh cool! Il keep that in mind
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Most credit cards have no annual fee. Only premium cards with special benefits charge an annual fee, but you don't need one of those. I have a couple of cards that I haven't used for years and have never been charged a fee. As long as you pay the balance in full each month there is no interest either. Just use them wisely and you won't have any additional costs.

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