When I get a credit card, do I have to pay anything right after obtaining it?

Do I have to put money in it first before using it? Or do I spend as much as the limit is and pay it off at the end of the month?

Do I get cheques along with the Credit Card?

answer from chinatrade114.com small business QA
No unless it%26#039;s a rewards card which will likely have a monthly or annual fee.

No you will not have to put money on it, that%26#039;s what credit is - loaned money.

You will have to make at least minimum payments (set by your financial institution) on the amount borrowed, and will have to do so monthly. Spending the credit limit would be unwise unless you%26#039;ve got the cash to back the credit. Maxing out credit cards has become an American pass-time and look where it%26#039;s taken them…into one of the great financial crises of our lifetime.

Credit card cheques are available, but why ever use them if you%26#039;ve got a checking account?

My advice: get ONE credit card, pay it off in full on a monthly basis. Use discipline on spending. If you ever max out your card you%26#039;re almost definitely using unwise money habits.

answer from chinatrade114.com small business QA
A credit card will provide you with a line of credit. You can spend up to the limit but if your balance is more than 30% of the credit line, it will damage your credit rating. If you don%26#039;t pay off the entire balance you will be charged interest. If you use a credit card check, it is a cash advance and you will be charged interest from the day the check is cashed.

If you don%26#039;t know all of this, you are not ready for a credit card.

answer from chinatrade114.com small business QA
If you have a secure credit card, you need to add money to use the money. If you have a credit card with a limit then you can use as much as the limit, or none at all. You get a monthly statement which tells you how much you owe plus the interest they charge for the card.
answer from chinatrade114.com small business QA
You do not put money on it. You can spend whatever the limit is and if you want good credit then you can pay it all off at once when the bill comes or you can make the minimum payment.
answer from chinatrade114.com small business QA
When u get a credit card they will give u a limit…u don%26#039;t have to pay anything to get the card.

Whatever you do…don%26#039;t max it out. Just spend a lil bit and then pay it off at the of the month!

answer from chinatrade114.com small business QA
CREDIT CARD!!!!!?!???!?!??!?!?!??!?!?!??!?!?!??…
answer from chinatrade114.com small business QA
dont do the credit cards …its a trap

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