alienware card

No offense, but if your asking these kind of questions your not ready for credit.

Find an adult and spend some time learning how credit works, ask neone w/ credit, you'll be happy your learned the easy way and not the hard way.

No its not an actual credit card.
Its a credit line w/ AW only, they give u a card to make u feel cool.
If you dont pay, you get bad credit, have repo-men look for u, and Guido comes and busts your kneecaps. Interest in given yearly not monthly...durrrr

And 20% is highway robbery and for people who have real bad or no credit. Good credit lines are below 10% APR. REAL good ones are around 5%, real bad ones are upwards of 30%. I have about 20k in student loans at 2.5%

no actually, they usually charge you interest on the total amount if not paid in full by the time the offer expires. Thats how they make there money! Check the details of the financing.

Basically it is pay it off in 6 months by paying $340 a month, NOT THE MINIMUM! Or otherwise you will be paying 20% interest on the entire $2k. Like said above that is how they make their money with the no interest deal. Most people will just pay the minimum amount due.

You should do research on your amount if you are scared that you will owe alot more later.

https://www.alienware.com/financing_...lications.aspx

Dont' EVER EVER EVER pay the minimum on a large financed purchase or on a credit card, you may be tempted specially if you're starting to make your own money.

It is more recommended to pay more than the minimum, I know financing companies make their money out of interest and commisions charged for such a process but paying things off quickly get you two things: more peace of mind as you get out of debt quicker, and a better credit rating if you ever need it for more important things like studies, specially in the US which is a credit based economy.

It is important to stay as debt free as possible or try to keep them down to a minimum. It is easy to fall for the usual "as long as you pay the minimum everything will be fine" line but if you pay things off by just the minimum you'll end up paying a lot more on interest or be paying those debts for a long time.

The reason why I'm telling you is that unless you have an established credit or an income by which you can handle paying things off as quick as possible you should be careful with credit, in your situation since you're just starting it can be a bit more difficult.

Credit can be a double edged sword, it can help you if you use it right but can be a real pain if you don't know how to handle it. In my case I don't like credit cards but mine has been quite helpful in emergencies, getting stuff cheaper online or getting things I know I can pay in like 2-6 payments or less.

On the other hand, I've seen people racking up large debts because they can be quite impulsive for buying things. I know sometimes credit is the only option and making minimum payments is as well but if handled correctly credit can be your friend.

Just an FYI.

moid FTW

If you are going for the 6 month financing, just pay it off in 3-5 months. If you cannot pay off your purchase during the 6 month promotion I would not make the purchase... In the long run you will be paying double if not more than you originally invested if you pay the bare minimun.

havnt read AW's fine print but interest on credit cards usually compounds monthly....that is

after 6 months on a 2000$ laptop say u still owe 1500$

Then each month u get charged 1/12 of 20% of the balance remaining.
So 20% of 1500= 300 then 300/12 = 25$
So at the end of the month u accrued 25$ in interest and your balance is 1525$
But if u pay the 20$ min payment, u end up at 1505$ more than when u started.
Even if you pay 25$ all ur doing is paying interest, and next month youll get hit again.
Unless you can afford to pay the monthly interest and a portion of the principle amount its death!!!
And if AW uses a variable rate, which alot at 20% often do, at any time they can say-oh your interest is now 25% pay up sucker!!


Sounds like he wants to get a paer route and make payments, if you cannot EASILY handle 2-3x the you minimum payment every month then you SHOULD NOT GET THE CREDIT LINE! because, invariably something will happen and you will miss a payment, have to pay for something like a perscription or underwaear and you get hit with penalties greater than ur minimum payment!!!

In the end a 500$ credit line can cost you 2-3000$ to settle if u **** it up bad enough!!! And yes it can be done, and yes its VERY easy to fcuk up this bad. Alas it looks like mom and dad might get stuck with your bill.

Yeah. It sounds like they will.