Should I get a credit card now, or wait till the economy bounces back?

[darrylrio]

It's grim out there. The market is down 24% since the beginning of September. The financial contagion that started with the U.S. subprime mortgage defaults has spread to Europe and Asia. Fully 60% of Americans now believe that a depression -- replete with 25% unemployment and widespread homelessness and hunger -- is "likely." And just 9% of Americans, an all-time low, are satisfied with the way things are going in the country.

[maryannsms]

If you wanted to acquire a credit card. Then there is no problem with it. You just have to remember that having a credit means being responsible in handling it and using it wisely.

[catherina1105]

Originally Posted by funnybunny

If it ever does. I am 18 and I wanna get a credit card, I have an excellent job and make good money to pay for it. But with recession I am a little nervous, and I don't want to ruin my credit so young. What do you think ? Should I wait a few more months to a year, or should I just go for it.

I think you can get your own credit card you just have to be responsible in managing your account and your expenses. If you think you are ready to get one then you should have one. Credit cards are a big help but if you will not be careful in using it then it will be a big trouble. Think. Ask yourself. Decide.