From: < >
Date: Tue, 19 Sep 2000 13:46:00 -0700

I am sure this is not news to most of you but ...
Credit cards company charge the APR only on overdue charges, you do not have to
pay the bill before you charge the card. You can wait for the bill and pay on
time that's all (typically 2 weeks after you get the bill, so it can be up to 1
1/2 month after you charge it).
Luca

 --------------------------------------------------------
 Luca Vassalli
 Field Applications Engineer (FAE)
 Maxim Integrated Products
 Direct: (408) 530-6656; Fax: (408) 331-1245
 Main: (408) 737-7600 or 1-800-998-8800
 http://www.maxim-ic.com

-----Original Message-----
From: Bela Ban <bela_at_nms.fnc.fujitsu.com> at Internet
Sent: Tuesday, September 19, 2000 1:12 PM
Cc: "'Swiss List'" <swiss-list_at_swiss-list.com> at INTERNET
Subject: RE: swiss-list: credit history

Julien Zanchi wrote:

> Hi Alexej,
>
> Try to have your company backing you up with some kind of guarantee letter.
> that usually works. Otherwise, you can try one of these credit card
> companies (i.e providian) that offer
> you a credit card w/o credit history for a "nice" 19% APR, $50 annual fee,
> $500 and
> credit limit :( ...Pay the card bills on time for 6 months and then you
> should be able to
> switch to the fancy gold/milage/whatever stuff.
> Hope it helps,

I used Providian, but there was a problem: since I didn't want to have them
charge me 19% APR on my debt, I always sent them checks before a purchase
(they have 0 days of grace period), so I always had a positive balance.
However, since I never got a bill, I never paid one, and that's apparently
they way the report credit. Really stupid, but you have to run into debts in
order to receive bills in order for them to report credit.

--
Bela Ban
Fujitsu Network Communications
(408) 895-1732
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