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Hi guys, i posted a question earlier about my credit history, http://answers.yahoo.com/question/i ndex;_ylt=arwxqjcflnzjocge.8g8el0az kix;_ylv=3?qid=20101225114517aa4kgu m , and want to thank everybody for answering. i have questions so i hope the same people who answered are looking at this. it's about two cards from citi and orchard bank. please read my previous post to undertand what i'm talking about. 1. https://creditcards.citi.com/credit -cards/citi-secured-mastercard/ on this card, what does the purchase apr mean of 18.24%? it's variable, so does that mean it can go up forever? it also shows that you have an annual rate, is that like a service fee? 2,http://www.orchardbank.com/ecare/ cards?docid=cards_tab_data_cards_ob _sp8_xml the sentence with "low 7.90% variable purchase apr", is it the same as the variable rate of the above card where it can go up without any warning? the variable penalty rate, is that a rate that gets applied when i forget to pay a balance? sorry for these dumb questions, i'm researching how to properly build credit since i'm foreign with no credit. i have furniture from aarons rent to own and plan to pay it off asap. i didn't have a choice to buy it from them because i didn't have the cash to it. they are riding my butt but it's the only way i can have furniture. the lease is for 24 months but there is no way i can take it back and whip out the cash to buy a complete set. i also want to know, with a walmart credit card. i've heard that you shouldn't pay off your credit card bill in full each month, i hear that you should keep a balance of like %50 on it at all times to keep your credit going. i am a joint authorized user on my wife's card, it has a max limit of $600 on it. should i pay it off every month or keep the $50 balance on it? what's the best practice for a walmart card? a user told me about the citi bank and orchard bank cards but i'm so scared of hidden fees. i'm scared that i will be charged all these fees and eventually fall into a hole. is the best practice to pay off my balance on the citi card or orchard card or should i keeep balances on them? i haven't decided which one i want to get yet. i'll use a 200 dollar limit. thanks again. merry christmas for all of you.

You can live without furniture. First apartment, we had 2 pillows and ate dinner on the floor. You can get free furniture off craigslist. Variable means the rate can go up and down. It's usually tied to some index. You're not going to forget to pay a balance, and you are not going to keep a balance going. That's stupid. You only charge what you know you can pay off in full every month--things that you would have to buy anyway, like food and gas. If you don't have money you don't buy! Period! Or you buy used! Get used to it. This recession is not over, I don't care what announcements they make!