Establishing Credit History

MizzBee
Thu, 10 Jun 2010 01:12:16 +0000

(“but many credit cards will cancel a card that is not “profitable”.”)
that couldnt be more wrong, credit card companies make money everytime you buy something from a retailer.

I know that they make money that way, but I also had credit cards that were cancelled for lack of activity and lack of balance in the last two years.

To OP: Is your child going to be flying to/from school? Travel miles are not a bad idea. Otherwise, look for cards that give you cash back, extended 0% APR and low rates for cash advance.