Hi everyone, I am planning to apply for a credit card and was wondering which bank would be best for me as a student. I dont know if i can even get a credit card as my expenditure is quite high relative to my income. I work part time at woolworths and earn from 450-550 depending on how much i work in a week.
I did not want to open a credit card account but some weeks it get very difficult, for example, this week, i just got paid and paid rent and now have $34 until next tuesday.
My rent is about $400 per week including all bills and i do spend quite a bit when i have some saved up.
I dont know much about credit card at all except that everyone told me not to get it. I am 22 by the way, an international student.
I dont plan on spending too much from there, just sometimes like now and will most likely pay off as soon as i get paid the next week as i cant have debt building up on top of my regular expense.
My first instinct was to go with commonwealth or macquarie as i have accounts with both atm, and i get paid into my commonwealth account, if that matters.
Thank you!
Don't encourage OP.
You're talking about using a CC to maximize savings interest, which is a perfectly acceptable way to do things.
But OP doesn't have any savings. OP intends to use it to get from paycheck to paycheck. A much more reckless use of a CC.